Choreo LLC Purchases Shares of 2,423 Entegris, Inc. (NASDAQ:ENTG)

Choreo LLC purchased a new position in Entegris, Inc. (NASDAQ:ENTG) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,423 shares of the semiconductor company’s stock, valued at approximately $323,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Innealta Capital LLC bought a new position in Entegris in the 2nd quarter worth about $26,000. Summit Securities Group LLC purchased a new stake in Entegris in the second quarter valued at approximately $27,000. Opal Wealth Advisors LLC bought a new stake in Entegris during the second quarter valued at approximately $31,000. ORG Partners LLC purchased a new position in Entegris in the 1st quarter worth approximately $33,000. Finally, Trust Co. of Vermont bought a new position in shares of Entegris in the 4th quarter worth $31,000.

Analyst Ratings Changes

ENTG has been the topic of a number of research analyst reports. Citigroup raised Entegris from a “neutral” rating to a “buy” rating and increased their target price for the company from $119.00 to $130.00 in a research note on Monday. Needham & Company LLC reissued a “buy” rating and set a $150.00 price objective on shares of Entegris in a report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft cut their target price on Entegris from $160.00 to $145.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. BMO Capital Markets decreased their price target on shares of Entegris from $160.00 to $145.00 and set an “outperform” rating on the stock in a research note on Thursday, August 1st. Finally, Mizuho raised shares of Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 price objective for the company in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $146.40.

Insider Buying and Selling

In other Entegris news, insider Daniel D. Woodland sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $145.00, for a total transaction of $2,175,000.00. Following the transaction, the insider now owns 37,457 shares in the company, valued at approximately $5,431,265. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Entegris news, CEO Bertrand Loy sold 27,044 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $140.63, for a total value of $3,803,197.72. Following the sale, the chief executive officer now owns 263,068 shares in the company, valued at $36,995,252.84. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Daniel D. Woodland sold 15,000 shares of Entegris stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $145.00, for a total transaction of $2,175,000.00. Following the transaction, the insider now owns 37,457 shares of the company’s stock, valued at $5,431,265. The disclosure for this sale can be found here. Insiders sold a total of 57,044 shares of company stock valued at $8,078,198 over the last three months. Corporate insiders own 0.67% of the company’s stock.

Entegris Stock Up 1.4 %

Shares of NASDAQ:ENTG opened at $111.64 on Wednesday. The stock’s 50-day moving average is $117.50 and its 200 day moving average is $128.31. The company has a market cap of $16.83 billion, a PE ratio of 53.67, a P/E/G ratio of 1.49 and a beta of 1.24. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.58 and a quick ratio of 2.14. Entegris, Inc. has a 1 year low of $84.13 and a 1 year high of $147.57.

Entegris (NASDAQ:ENTG) last announced its earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.01. The company had revenue of $812.60 million during the quarter, compared to the consensus estimate of $802.43 million. Entegris had a return on equity of 12.03% and a net margin of 5.61%. The firm’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.66 earnings per share. Sell-side analysts anticipate that Entegris, Inc. will post 3.14 EPS for the current year.

Entegris Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Wednesday, July 31st were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.36%. The ex-dividend date was Wednesday, July 31st. Entegris’s dividend payout ratio is currently 19.23%.

Entegris Profile

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).