Truist Financial Corp Buys 11,119 Shares of Entegris, Inc. $ENTG

Truist Financial Corp boosted its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 21.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 63,312 shares of the semiconductor company’s stock after acquiring an additional 11,119 shares during the period. Truist Financial Corp’s holdings in Entegris were worth $5,854,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in ENTG. DAVENPORT & Co LLC increased its position in shares of Entegris by 1.3% during the second quarter. DAVENPORT & Co LLC now owns 8,450 shares of the semiconductor company’s stock valued at $681,000 after purchasing an additional 110 shares during the period. Verdence Capital Advisors LLC boosted its stake in Entegris by 2.7% during the third quarter. Verdence Capital Advisors LLC now owns 4,817 shares of the semiconductor company’s stock worth $454,000 after buying an additional 126 shares in the last quarter. First National Advisers LLC boosted its stake in Entegris by 0.5% during the second quarter. First National Advisers LLC now owns 28,895 shares of the semiconductor company’s stock worth $2,330,000 after buying an additional 154 shares in the last quarter. State of Michigan Retirement System increased its holdings in Entegris by 0.6% in the 2nd quarter. State of Michigan Retirement System now owns 36,400 shares of the semiconductor company’s stock valued at $2,936,000 after buying an additional 200 shares during the period. Finally, Park Place Capital Corp raised its stake in shares of Entegris by 32.4% in the 3rd quarter. Park Place Capital Corp now owns 939 shares of the semiconductor company’s stock valued at $87,000 after buying an additional 230 shares in the last quarter.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Needham & Company LLC reiterated a “strong-buy” rating on shares of Entegris in a research report on Tuesday, January 20th. Citigroup raised their price target on shares of Entegris from $100.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Zacks Research raised Entegris from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 30th. BMO Capital Markets upped their price objective on Entegris from $105.00 to $126.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. Finally, UBS Group restated a “buy” rating and set a $150.00 target price on shares of Entegris in a research report on Monday. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Entegris presently has a consensus rating of “Hold” and an average target price of $117.00.

Entegris Stock Down 4.8%

Shares of ENTG opened at $113.70 on Wednesday. The company has a market capitalization of $17.24 billion, a P/E ratio of 60.16 and a beta of 1.33. Entegris, Inc. has a one year low of $60.75 and a one year high of $124.00. The business’s 50 day simple moving average is $97.00 and its 200-day simple moving average is $89.73. The company has a debt-to-equity ratio of 0.99, a current ratio of 3.44 and a quick ratio of 2.13.

Entegris Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 18th. Investors of record on Wednesday, January 28th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, January 28th. Entegris’s payout ratio is currently 21.16%.

Insider Buying and Selling at Entegris

In other news, Director James P. Lederer sold 2,008 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $92.84, for a total transaction of $186,422.72. Following the transaction, the director directly owned 20,434 shares in the company, valued at approximately $1,897,092.56. This represents a 8.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 sale, the senior vice president directly owned 34,364 shares of the company’s stock, valued at approximately $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 have sold 69,473 shares of company stock worth $5,666,033 over the last quarter. Corporate insiders own 0.61% of the company’s stock.

Entegris Profile

Entegris, Inc is a leading provider of advanced materials and process control solutions for the semiconductor and other high-technology industries. The company develops and supplies a broad portfolio of products designed to ensure purity and reliability throughout the manufacturing process, helping customers address critical contamination and yield challenges.

Entegris’s product offerings include high-purity chemicals and specialty materials, liquid and gas filtration and purification systems, and sophisticated wafer and chip handling solutions.