Inspire Investing LLC Sells 3,671 Shares of Entegris, Inc. (NASDAQ:ENTG)

Inspire Investing LLC reduced its stake in Entegris, Inc. (NASDAQ:ENTG) by 18.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,804 shares of the semiconductor company’s stock after selling 3,671 shares during the period. Inspire Investing LLC’s holdings in Entegris were worth $2,140,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. First Eagle Investment Management LLC boosted its position in shares of Entegris by 35.0% in the 2nd quarter. First Eagle Investment Management LLC now owns 5,512 shares of the semiconductor company’s stock worth $746,000 after purchasing an additional 1,430 shares during the last quarter. Hsbc Holdings PLC raised its stake in Entegris by 7.0% during the 2nd quarter. Hsbc Holdings PLC now owns 35,735 shares of the semiconductor company’s stock worth $4,839,000 after buying an additional 2,328 shares during the period. Vanguard Personalized Indexing Management LLC raised its stake in Entegris by 26.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 6,955 shares of the semiconductor company’s stock worth $924,000 after buying an additional 1,438 shares during the period. Amalgamated Bank raised its stake in Entegris by 20.0% during the 2nd quarter. Amalgamated Bank now owns 10,176 shares of the semiconductor company’s stock worth $1,378,000 after buying an additional 1,698 shares during the period. Finally, Mercer Global Advisors Inc. ADV raised its stake in Entegris by 45.8% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 10,560 shares of the semiconductor company’s stock worth $1,430,000 after buying an additional 3,319 shares during the period.

Insider Transactions at Entegris

In other news, insider Daniel D. Woodland sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $140.00, for a total transaction of $2,100,000.00. Following the completion of the sale, the insider now owns 37,457 shares in the company, valued at $5,243,980. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Daniel D. Woodland sold 15,000 shares of Entegris stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $140.00, for a total value of $2,100,000.00. Following the completion of the sale, the insider now directly owns 37,457 shares in the company, valued at $5,243,980. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, 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 transaction of $3,803,197.72. Following the completion of the sale, the chief executive officer now owns 263,068 shares of the company’s stock, valued at $36,995,252.84. 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 quarter. Company insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on ENTG shares. Citigroup raised Entegris from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $119.00 to $130.00 in a research note on Monday. Mizuho raised Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 price objective on the stock in a research note on Thursday, August 1st. BMO Capital Markets dropped their price objective on Entegris from $160.00 to $145.00 and set an “outperform” rating on the stock in a research note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft dropped their price objective on Entegris from $160.00 to $145.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Finally, 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. 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 stock. According to MarketBeat.com, Entegris has a consensus rating of “Moderate Buy” and a consensus price target of $146.40.

Entegris Trading Down 1.4 %

Entegris stock opened at $110.07 on Thursday. Entegris, Inc. has a 52 week low of $84.13 and a 52 week high of $147.57. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.14 and a current ratio of 3.58. The stock has a market capitalization of $16.60 billion, a P/E ratio of 52.92, a PEG ratio of 1.49 and a beta of 1.24. The stock has a 50-day simple moving average of $116.93 and a 200 day simple moving average of $128.12.

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

Entegris Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, July 31st were issued 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%.

Entegris Company 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).