Entegris, Inc. (NASDAQ:ENTG) Shares Sold by Lombard Odier Asset Management USA Corp

Lombard Odier Asset Management USA Corp lessened its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 5.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,077 shares of the semiconductor company’s stock after selling 120 shares during the period. Lombard Odier Asset Management USA Corp’s holdings in Entegris were worth $281,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Corient Private Wealth LLC grew its stake in Entegris by 52.8% in the 4th quarter. Corient Private Wealth LLC now owns 11,764 shares of the semiconductor company’s stock valued at $1,410,000 after acquiring an additional 4,063 shares during the last quarter. Commerce Bank raised its holdings in shares of Entegris by 0.6% in the 4th quarter. Commerce Bank now owns 13,725 shares of the semiconductor company’s stock worth $1,645,000 after purchasing an additional 86 shares during the period. Nomura Asset Management Co. Ltd. lifted its position in Entegris by 6.5% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 37,680 shares of the semiconductor company’s stock valued at $4,515,000 after buying an additional 2,300 shares in the last quarter. Intech Investment Management LLC raised its position in Entegris by 67.1% in the fourth quarter. Intech Investment Management LLC now owns 19,461 shares of the semiconductor company’s stock valued at $2,332,000 after purchasing an additional 7,812 shares during the period. Finally, Hsbc Holdings PLC boosted its holdings in Entegris by 55.8% in the 4th quarter. Hsbc Holdings PLC now owns 34,277 shares of the semiconductor company’s stock worth $4,113,000 after acquiring an additional 12,281 shares during the period.

Entegris Stock Performance

Shares of NASDAQ ENTG opened at $111.58 on Tuesday. The business’s 50-day simple moving average is $114.40 and its 200-day simple moving average is $127.33. 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 has a market cap of $16.83 billion, a price-to-earnings ratio of 53.64, a P/E/G ratio of 1.49 and a beta of 1.24.

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, beating 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 for the quarter, compared to analyst estimates of $802.43 million. During the same quarter last year, the firm posted $0.66 EPS. The company’s revenue was down 9.8% on a year-over-year basis. As a group, equities research analysts expect that Entegris, Inc. will post 3.14 earnings per share for the current fiscal 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 given 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%.

Analysts Set New Price Targets

Several research firms recently commented on ENTG. BMO Capital Markets reduced their price target on Entegris from $160.00 to $145.00 and set an “outperform” rating for the company in a report on Thursday, August 1st. Citigroup upgraded 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 report on Monday, September 16th. Deutsche Bank Aktiengesellschaft dropped their price target on Entegris from $160.00 to $145.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Mizuho upgraded shares of Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 price target for the company in a research report on Thursday, August 1st. Finally, Needham & Company LLC reissued a “buy” rating and issued a $150.00 price objective on shares of Entegris in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $146.40.

Insider Activity

In related news, CEO Bertrand Loy sold 27,044 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 263,068 shares in the company, valued at approximately $36,995,252.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Bertrand Loy sold 27,044 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 263,068 shares in the company, valued at approximately $36,995,252.84. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Daniel D. Woodland sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The stock was 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 approximately $5,431,265. The disclosure for this sale can be found here. In the last 90 days, insiders sold 57,044 shares of company stock worth $8,078,198. 0.67% of the stock is currently owned by corporate 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).