First Eagle Investment Management LLC Boosts Holdings in Entegris, Inc. (NASDAQ:ENTG)

First Eagle Investment Management LLC grew its position in Entegris, Inc. (NASDAQ:ENTG) by 35.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,512 shares of the semiconductor company’s stock after buying an additional 1,430 shares during the period. First Eagle Investment Management LLC’s holdings in Entegris were worth $746,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Hsbc Holdings PLC grew its stake in shares of Entegris by 7.0% in the 2nd quarter. Hsbc Holdings PLC now owns 35,735 shares of the semiconductor company’s stock valued at $4,839,000 after buying an additional 2,328 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake in shares of Entegris by 26.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 6,955 shares of the semiconductor company’s stock valued at $924,000 after buying an additional 1,438 shares during the period. Amalgamated Bank grew its stake in shares of Entegris by 20.0% in the 2nd quarter. Amalgamated Bank now owns 10,176 shares of the semiconductor company’s stock valued at $1,378,000 after buying an additional 1,698 shares during the period. Mercer Global Advisors Inc. ADV grew its stake in shares of Entegris by 45.8% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 10,560 shares of the semiconductor company’s stock valued at $1,430,000 after buying an additional 3,319 shares during the period. Finally, Argent Trust Co grew its stake in shares of Entegris by 6.5% in the 2nd quarter. Argent Trust Co now owns 4,694 shares of the semiconductor company’s stock valued at $636,000 after buying an additional 286 shares during the period.

Insider Activity

In other news, insider Daniel D. Woodland sold 15,000 shares of the firm’s stock in a transaction 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 sale, the insider now directly owns 37,457 shares in the company, valued at approximately $5,243,980. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Daniel D. Woodland sold 15,000 shares of the firm’s stock in a transaction 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 sale, the insider now directly owns 37,457 shares in the company, valued at approximately $5,243,980. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Bertrand Loy sold 27,044 shares of Entegris stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $140.63, for a total transaction 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 disclosure for this sale can be found here. In the last three months, insiders have sold 57,044 shares of company stock worth $8,078,198. 0.67% of the stock is currently owned by corporate insiders.

Entegris Price Performance

Entegris stock opened at $110.64 on Friday. The firm has a market cap of $16.68 billion, a PE ratio of 53.19, a price-to-earnings-growth ratio of 1.49 and a beta of 1.24. Entegris, Inc. has a 52-week low of $84.13 and a 52-week 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’s 50 day moving average is $115.07 and its two-hundred day moving average is $127.65.

Entegris (NASDAQ:ENTG) last released its earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, topping 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 company had revenue of $812.60 million for the quarter, compared to analyst estimates of $802.43 million. During the same period in the prior year, the business earned $0.66 EPS. The firm’s quarterly revenue was down 9.8% on a year-over-year basis. On average, research analysts expect that Entegris, Inc. will post 3.14 EPS for the current fiscal year.

Entegris Dividend Announcement

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 $0.10 dividend. The ex-dividend date was Wednesday, July 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.36%. Entegris’s payout ratio is 19.23%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Citigroup raised shares of Entegris from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $119.00 to $130.00 in a research report on Monday, September 16th. BMO Capital Markets lowered their price objective on shares of Entegris from $160.00 to $145.00 and set an “outperform” rating for the company in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Entegris from $160.00 to $145.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $150.00 price objective on shares of Entegris in a research report 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 report on Thursday, August 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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).