Hsbc Holdings PLC Buys 2,328 Shares of Entegris, Inc. (NASDAQ:ENTG)

Hsbc Holdings PLC grew its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 7.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,735 shares of the semiconductor company’s stock after buying an additional 2,328 shares during the period. Hsbc Holdings PLC’s holdings in Entegris were worth $4,839,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC lifted its stake in Entegris by 26.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 6,955 shares of the semiconductor company’s stock worth $924,000 after purchasing an additional 1,438 shares in the last quarter. Amalgamated Bank raised its position in shares of Entegris by 20.0% in the second quarter. Amalgamated Bank now owns 10,176 shares of the semiconductor company’s stock worth $1,378,000 after buying an additional 1,698 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in Entegris by 45.8% during the second 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. Argent Trust Co grew its position in Entegris by 6.5% during the second quarter. Argent Trust Co now owns 4,694 shares of the semiconductor company’s stock worth $636,000 after buying an additional 286 shares in the last quarter. Finally, Bradley Foster & Sargent Inc. CT increased its stake in Entegris by 10.9% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 32,868 shares of the semiconductor company’s stock worth $4,450,000 after acquiring an additional 3,222 shares during the last quarter.

Entegris Price Performance

ENTG opened at $112.30 on Wednesday. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.58 and a quick ratio of 2.14. The stock’s 50 day simple moving average is $113.71 and its 200 day simple moving average is $127.13. The firm has a market cap of $16.93 billion, a price-to-earnings ratio of 53.99, a PEG ratio of 1.49 and a beta of 1.24. Entegris, Inc. has a 1 year low of $84.13 and a 1 year high of $147.57.

Entegris (NASDAQ:ENTG) last issued its earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.70 by $0.01. The company had revenue of $812.60 million for the quarter, compared to the consensus estimate of $802.43 million. Entegris had a net margin of 5.61% and a return on equity of 12.03%. The firm’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.66 earnings per share. As a group, analysts predict that Entegris, Inc. will post 3.14 earnings per share for the current year.

Entegris Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, July 31st were issued a dividend of $0.10 per share. 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 dividend payout ratio is currently 19.23%.

Insider Buying and Selling

In other Entegris news, insider Daniel D. Woodland sold 15,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the insider now owns 37,457 shares in the company, valued at approximately $5,431,265. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Entegris news, CEO Bertrand Loy sold 27,044 shares of the company’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $140.63, for a total value of $3,803,197.72. Following the completion of the transaction, the chief executive officer now directly owns 263,068 shares in the company, valued at approximately $36,995,252.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel D. Woodland sold 15,000 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 37,457 shares of the company’s stock, valued at $5,431,265. The disclosure for this sale can be found here. Insiders have sold 57,044 shares of company stock valued at $8,078,198 over the last ninety days. 0.67% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. 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. BMO Capital Markets decreased their price target on shares of Entegris from $160.00 to $145.00 and set an “outperform” rating on the stock in a report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Entegris from $160.00 to $145.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Needham & Company LLC restated a “buy” rating and set a $150.00 price target on shares of Entegris in a research report on Thursday, August 1st. Finally, Mizuho raised Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 price target for the company in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $146.40.

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).