Skandinaviska Enskilda Banken AB publ Purchases 500 Shares of Entegris, Inc. (NASDAQ:ENTG)

Skandinaviska Enskilda Banken AB publ increased its position in Entegris, Inc. (NASDAQ:ENTG) by 1.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,732 shares of the semiconductor company’s stock after purchasing an additional 500 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Entegris were worth $3,887,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. CANADA LIFE ASSURANCE Co grew its holdings in shares of Entegris by 161.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 107,677 shares of the semiconductor company’s stock worth $15,135,000 after purchasing an additional 66,437 shares during the last quarter. BNP Paribas acquired a new position in shares of Entegris in the 1st quarter valued at approximately $1,647,000. Virtu Financial LLC bought a new stake in Entegris in the 4th quarter valued at $892,000. Stifel Financial Corp grew its holdings in shares of Entegris by 6.5% during the fourth quarter. Stifel Financial Corp now owns 122,392 shares of the semiconductor company’s stock worth $14,665,000 after buying an additional 7,456 shares in the last quarter. Finally, Schroder Investment Management Group boosted its stake in shares of Entegris by 14.8% during the 4th quarter. Schroder Investment Management Group now owns 487,517 shares of the semiconductor company’s stock worth $58,414,000 after buying an additional 62,761 shares during the last quarter.

Analysts Set New Price Targets

A number of brokerages have recently commented on ENTG. Deutsche Bank Aktiengesellschaft decreased 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. 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 report on Thursday, August 1st. Needham & Company LLC reissued a “buy” rating and set a $150.00 target price on shares of Entegris in a report on Thursday, August 1st. BMO Capital Markets cut their target price on Entegris from $160.00 to $145.00 and set an “outperform” rating for the company in a research note on Thursday, August 1st. Finally, Citigroup raised shares of Entegris from a “neutral” rating to a “buy” rating and lifted their price target for the company from $119.00 to $130.00 in a research note on Monday, September 16th. One investment 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’s stock. Based on data from MarketBeat.com, Entegris has a consensus rating of “Moderate Buy” and an average target price of $146.40.

Insider Buying and Selling

In related news, insider Daniel D. Woodland sold 15,000 shares of the firm’s stock in a transaction 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 $5,431,265. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Entegris news, CEO Bertrand Loy sold 27,044 shares of the firm’s 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 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Daniel D. Woodland sold 15,000 shares of Entegris stock in a transaction dated 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 sale, 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. Insiders sold 57,044 shares of company stock valued at $8,078,198 over the last quarter. 0.67% of the stock is currently owned by company insiders.

Entegris Stock Performance

Shares of NASDAQ ENTG opened at $110.64 on Monday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.14 and a current ratio of 3.58. Entegris, Inc. has a 52-week low of $84.13 and a 52-week high of $147.57. The firm’s fifty day moving average is $115.07 and its two-hundred day moving average is $127.57. The company 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 (NASDAQ:ENTG) last issued its quarterly 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. The firm had revenue of $812.60 million during the quarter, compared to analyst estimates of $802.43 million. Entegris had a return on equity of 12.03% and a net margin of 5.61%. Entegris’s quarterly revenue was down 9.8% compared to the same quarter last year. During the same period last year, the company earned $0.66 EPS. As a group, analysts anticipate that Entegris, Inc. will post 3.14 EPS for the current fiscal year.

Entegris Announces Dividend

The business also recently announced 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 annualized dividend and a 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 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).