Global Retirement Partners LLC Acquires New Stake in Entegris, Inc. $ENTG

Global Retirement Partners LLC purchased a new position in Entegris, Inc. (NASDAQ:ENTG) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,161 shares of the semiconductor company’s stock, valued at approximately $416,000.

Other hedge funds also recently bought and sold shares of the company. Alpine Bank Wealth Management grew its position in shares of Entegris by 73.7% in the second quarter. Alpine Bank Wealth Management now owns 311 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 132 shares in the last quarter. Costello Asset Management INC purchased a new position in Entegris during the first quarter worth approximately $26,000. Rise Advisors LLC purchased a new stake in Entegris in the 1st quarter valued at $26,000. Summit Securities Group LLC purchased a new stake in Entegris in the 1st quarter valued at $36,000. Finally, SVB Wealth LLC acquired a new stake in shares of Entegris in the 1st quarter worth $43,000.

Insider Buying and Selling

In related news, SVP Olivier Blachier sold 488 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $77.43, for a total transaction of $37,785.84. Following the sale, the senior vice president directly owned 14,124 shares of the company’s stock, valued at $1,093,621.32. This represents a 3.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Joseph Colella sold 3,577 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $88.41, for a total transaction of $316,242.57. Following the completion of the transaction, the senior vice president directly owned 34,364 shares of the company’s stock, valued at $3,038,121.24. This represents a 9.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ENTG. Weiss Ratings restated a “hold (c-)” rating on shares of Entegris in a research report on Tuesday. Wall Street Zen raised shares of Entegris from a “sell” rating to a “hold” rating in a research report on Friday, October 3rd. Oppenheimer assumed coverage on Entegris in a report on Thursday, September 4th. They issued a “market perform” rating and a $95.00 price objective on the stock. Zacks Research downgraded Entegris from a “hold” rating to a “strong sell” rating in a research report on Monday, November 3rd. Finally, Mizuho decreased their price target on Entegris from $108.00 to $96.00 and set an “outperform” rating on the stock in a research note on Thursday, November 20th. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Entegris has a consensus rating of “Hold” and an average target price of $95.86.

Entegris Stock Up 2.6%

NASDAQ:ENTG opened at $77.05 on Friday. Entegris, Inc. has a 52 week low of $60.75 and a 52 week high of $112.36. The stock’s fifty day moving average is $87.52 and its two-hundred day moving average is $83.38. The stock has a market capitalization of $11.68 billion, a price-to-earnings ratio of 39.72 and a beta of 1.39. The company has a quick ratio of 1.95, a current ratio of 3.30 and a debt-to-equity ratio of 1.04.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings data on Wednesday, July 6th. The semiconductor company reported $0.70 earnings per share for the quarter. Entegris had a return on equity of 12.05% and a net margin of 9.17%.The business had revenue of $512.84 million during the quarter. Research analysts anticipate that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 19th. Stockholders of record on Wednesday, October 29th were paid a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, October 29th. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. Entegris’s dividend payout ratio (DPR) is presently 21.16%.

About Entegris

Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions in North America, Taiwan, China, South Korea, Japan, Europe, and Southeast Asia. It operates in three segments: Materials Solutions (MS); Microcontamination Control (MC); and Advanced Materials Handling (AMH).