Entegris, Inc. (NASDAQ:ENTG) Shares Purchased by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT lifted its holdings in Entegris, Inc. (NASDAQ:ENTG) by 10.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,868 shares of the semiconductor company’s stock after acquiring an additional 3,222 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Entegris were worth $4,450,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ENTG. Vanguard Personalized Indexing Management LLC grew its position in Entegris by 36.0% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 5,281 shares of the semiconductor company’s stock valued at $633,000 after buying an additional 1,399 shares during the period. Norges Bank purchased a new position in Entegris during the fourth quarter valued at $278,727,000. PNC Financial Services Group Inc. lifted its holdings in Entegris by 30.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 39,928 shares of the semiconductor company’s stock valued at $4,784,000 after purchasing an additional 9,332 shares in the last quarter. Coldstream Capital Management Inc. lifted its holdings in Entegris by 98.0% during the fourth quarter. Coldstream Capital Management Inc. now owns 4,647 shares of the semiconductor company’s stock valued at $557,000 after purchasing an additional 2,300 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its holdings in Entegris by 809.7% during the fourth quarter. Clearbridge Investments LLC now owns 226,368 shares of the semiconductor company’s stock valued at $27,123,000 after purchasing an additional 201,484 shares in the last quarter.

Entegris Price Performance

Shares of ENTG opened at $110.07 on Thursday. Entegris, Inc. has a 1-year low of $84.13 and a 1-year high of $147.57. The stock has a market cap of $16.60 billion, a PE ratio of 53.64, a P/E/G ratio of 1.49 and a beta of 1.24. The firm has a 50-day simple moving average of $116.93 and a two-hundred day simple moving average of $128.12. 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 (NASDAQ:ENTG) last announced its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.01. Entegris had a net margin of 5.61% and a return on equity of 12.03%. The business had revenue of $812.60 million during the quarter, compared to analysts’ expectations of $802.43 million. During the same period last year, the business earned $0.66 earnings per share. The business’s revenue for the quarter was down 9.8% on a year-over-year basis. As a group, analysts forecast 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. Shareholders of record on Wednesday, July 31st were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date of this dividend was Wednesday, July 31st. Entegris’s dividend payout ratio is presently 19.23%.

Insider Buying and Selling at Entegris

In related news, CEO Bertrand Loy sold 27,044 shares of Entegris stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 263,068 shares in the company, valued at $36,995,252.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Bertrand Loy sold 27,044 shares of Entegris stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 263,068 shares in the company, valued at $36,995,252.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 completion of the transaction, the insider now owns 37,457 shares of the company’s stock, valued at approximately $5,431,265. The disclosure for this sale can be found here. Insiders sold a total of 57,044 shares of company stock worth $8,078,198 over the last three months. Insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ENTG. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Entegris from $160.00 to $145.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Mizuho raised shares of Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 price target on the stock in a research note on Thursday, August 1st. Needham & Company LLC reissued a “buy” rating and issued a $150.00 price target on shares of Entegris 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, Citigroup raised shares of Entegris from a “neutral” rating to a “buy” rating and raised their price target for the stock from $119.00 to $130.00 in a research note on Monday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $146.40.

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).