Bridges Investment Management Inc. Purchases Shares of 2,731 Entegris, Inc. (NASDAQ:ENTG)

Bridges Investment Management Inc. acquired a new position in shares of Entegris, Inc. (NASDAQ:ENTG) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,731 shares of the semiconductor company’s stock, valued at approximately $370,000.

Other hedge funds also recently modified their holdings of the company. Inspire Advisors LLC increased its holdings in Entegris by 1.3% during the 1st quarter. Inspire Advisors LLC now owns 5,785 shares of the semiconductor company’s stock valued at $813,000 after purchasing an additional 77 shares in the last quarter. Commerce Bank increased its stake in shares of Entegris by 0.6% in the fourth quarter. Commerce Bank now owns 13,725 shares of the semiconductor company’s stock valued at $1,645,000 after buying an additional 86 shares in the last quarter. Wedmont Private Capital raised its holdings in shares of Entegris by 5.9% in the second quarter. Wedmont Private Capital now owns 1,609 shares of the semiconductor company’s stock valued at $232,000 after buying an additional 90 shares during the last quarter. Everpar Advisors LLC raised its holdings in shares of Entegris by 6.5% in the second quarter. Everpar Advisors LLC now owns 1,656 shares of the semiconductor company’s stock valued at $224,000 after buying an additional 101 shares during the last quarter. Finally, Arizona State Retirement System lifted its position in Entegris by 0.3% during the 2nd quarter. Arizona State Retirement System now owns 41,406 shares of the semiconductor company’s stock worth $5,606,000 after buying an additional 105 shares in the last quarter.

Entegris Price Performance

ENTG opened at $110.64 on Friday. The stock has a market cap of $16.68 billion, a P/E ratio of 53.19, a P/E/G ratio of 1.49 and a beta of 1.24. Entegris, Inc. has a 12 month low of $84.13 and a 12 month high of $147.57. The company has a quick ratio of 2.14, a current ratio of 3.58 and a debt-to-equity ratio of 1.18. The company has a fifty day simple moving average of $115.07 and a 200 day simple moving average of $127.65.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.01. Entegris had a return on equity of 12.03% and a net margin of 5.61%. The company had revenue of $812.60 million during the quarter, compared to the consensus estimate of $802.43 million. During the same period in the prior year, the company earned $0.66 earnings per share. The company’s revenue for the quarter was down 9.8% compared to the same quarter last year. On average, research analysts expect 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 paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date of this dividend was Wednesday, July 31st. Entegris’s payout ratio is currently 19.23%.

Analyst Ratings Changes

ENTG has been the subject of a number of research analyst reports. Mizuho raised shares of Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 target price for the company in a research note on Thursday, August 1st. Needham & Company LLC restated a “buy” rating and issued a $150.00 price objective on shares of Entegris in a research report on Thursday, August 1st. Citigroup upgraded Entegris from a “neutral” rating to a “buy” rating and increased their price objective for the company from $119.00 to $130.00 in a research report on Monday, September 16th. Deutsche Bank Aktiengesellschaft dropped their target price on Entegris from $160.00 to $145.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Finally, BMO Capital Markets decreased their price target on Entegris from $160.00 to $145.00 and set an “outperform” rating on the stock in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $146.40.

Insider Activity

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

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).