Hood River Capital Management LLC Sells 694 Shares of Entegris, Inc. (NASDAQ:ENTG)

Hood River Capital Management LLC reduced its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 1.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,822 shares of the semiconductor company’s stock after selling 694 shares during the period. Hood River Capital Management LLC’s holdings in Entegris were worth $6,881,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Innealta Capital LLC acquired a new position in Entegris during the 2nd quarter worth about $26,000. Summit Securities Group LLC bought a new position in shares of Entegris during the second quarter worth about $27,000. Trust Co. of Vermont acquired a new position in shares of Entegris in the fourth quarter worth approximately $31,000. Opal Wealth Advisors LLC bought a new stake in Entegris in the second quarter valued at approximately $31,000. Finally, ORG Partners LLC bought a new stake in Entegris in the first quarter valued at approximately $33,000.

Entegris Trading Up 0.8 %

Shares of Entegris stock opened at $111.58 on Tuesday. 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 stock has a 50 day moving average price of $114.40 and a two-hundred day moving average price of $127.33. The stock has a market capitalization of $16.83 billion, a PE ratio of 53.64, a price-to-earnings-growth ratio of 1.49 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.01. Entegris had a net margin of 5.61% and a return on equity of 12.03%. The business had revenue of $812.60 million during the quarter, compared to the consensus estimate of $802.43 million. During the same quarter last year, the firm posted $0.66 EPS. Entegris’s revenue was down 9.8% compared to the same quarter last year. As a group, equities analysts anticipate that Entegris, Inc. will post 3.14 earnings per share for the current fiscal year.

Entegris Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Mizuho upgraded shares of Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 price target on the stock in a research report on Thursday, August 1st. Needham & Company LLC restated 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 target on Entegris from $160.00 to $145.00 and set an “outperform” rating for the company in a report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft dropped their price objective on Entegris from $160.00 to $145.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Finally, Citigroup raised Entegris from a “neutral” rating to a “buy” rating and raised their target price for the stock 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 issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Entegris currently has an average rating of “Moderate Buy” and a consensus price target of $146.40.

Insiders Place Their Bets

In other news, insider Daniel D. Woodland sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $140.00, for a total value of $2,100,000.00. Following the transaction, the insider now owns 37,457 shares in the company, valued at $5,243,980. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Daniel D. Woodland sold 15,000 shares of the stock in a transaction dated 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 completion of the sale, the insider now owns 37,457 shares in the company, valued at $5,243,980. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Bertrand Loy sold 27,044 shares of the business’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 disclosure for this sale can be found here. In the last ninety days, insiders sold 57,044 shares of company stock valued at $8,078,198. Corporate insiders own 0.67% of the company’s stock.

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).