Mount Yale Investment Advisors LLC Has $980,000 Position in Entegris, Inc. (NASDAQ:ENTG)

Mount Yale Investment Advisors LLC lowered its holdings in Entegris, Inc. (NASDAQ:ENTG) by 3.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,241 shares of the semiconductor company’s stock after selling 293 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Entegris were worth $980,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD boosted its holdings in Entegris by 7.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,085,147 shares of the semiconductor company’s stock valued at $1,838,988,000 after purchasing an additional 916,420 shares in the last quarter. American Century Companies Inc. boosted its stake in Entegris by 20.2% in the 2nd quarter. American Century Companies Inc. now owns 1,523,824 shares of the semiconductor company’s stock valued at $206,326,000 after buying an additional 256,186 shares in the last quarter. Swedbank AB grew its position in Entegris by 520.3% in the second quarter. Swedbank AB now owns 300,361 shares of the semiconductor company’s stock valued at $40,669,000 after acquiring an additional 251,938 shares during the period. Norden Group LLC raised its stake in Entegris by 2,200.1% during the first quarter. Norden Group LLC now owns 224,260 shares of the semiconductor company’s stock worth $31,518,000 after acquiring an additional 214,510 shares in the last quarter. Finally, Balyasny Asset Management L.P. lifted its holdings in shares of Entegris by 99.0% during the fourth quarter. Balyasny Asset Management L.P. now owns 349,368 shares of the semiconductor company’s stock valued at $41,861,000 after acquiring an additional 173,769 shares during the period.

Analysts Set New Price Targets

ENTG has been the topic of several analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $150.00 target price on shares of Entegris in a report on Thursday, August 1st. BMO Capital Markets decreased their price objective 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. Deutsche Bank Aktiengesellschaft cut their target price on shares of Entegris from $160.00 to $145.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Citigroup upgraded Entegris from a “neutral” rating to a “buy” rating and increased their price target for the stock from $119.00 to $130.00 in a research report on Monday, September 16th. Finally, Mizuho upgraded 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 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 company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $146.40.

Insider Buying and Selling at Entegris

In other Entegris news, CEO Bertrand Loy sold 27,044 shares of Entegris stock in a transaction 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 approximately $36,995,252.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Entegris news, CEO Bertrand Loy sold 27,044 shares of the firm’s stock in a transaction dated 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 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 SEC, which is available through this link. Also, insider Daniel D. Woodland sold 15,000 shares of the business’s 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 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. Over the last ninety days, insiders have sold 57,044 shares of company stock valued at $8,078,198. 0.67% of the stock is currently owned by insiders.

Entegris Stock Down 4.1 %

NASDAQ ENTG opened at $110.64 on Monday. The stock has a market capitalization of $16.68 billion, a P/E 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 debt-to-equity ratio of 1.18, a quick ratio of 2.14 and a current ratio of 3.58. The stock has a fifty day moving average of $115.07 and a 200-day moving average of $127.57.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings data 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 firm had revenue of $812.60 million during the quarter, compared to analyst estimates of $802.43 million. During the same period last year, the company earned $0.66 earnings per share. The company’s revenue was down 9.8% on a year-over-year basis. On average, equities research analysts forecast that Entegris, Inc. will post 3.14 EPS for the current year.

Entegris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Wednesday, July 31st were issued a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $0.40 annualized dividend and a yield of 0.36%. Entegris’s dividend payout ratio is currently 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).