Bank of Montreal Can Acquires 27,525 Shares of Entegris, Inc. (NASDAQ:ENTG)

Bank of Montreal Can grew its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 56.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 76,278 shares of the semiconductor company’s stock after buying an additional 27,525 shares during the quarter. Bank of Montreal Can owned 0.05% of Entegris worth $10,342,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Corient Private Wealth LLC lifted its position in Entegris by 52.8% in the 4th quarter. Corient Private Wealth LLC now owns 11,764 shares of the semiconductor company’s stock worth $1,410,000 after buying an additional 4,063 shares during the last quarter. Hsbc Holdings PLC boosted its stake in shares of Entegris by 55.8% in the 4th quarter. Hsbc Holdings PLC now owns 34,277 shares of the semiconductor company’s stock valued at $4,113,000 after purchasing an additional 12,281 shares in the last quarter. Stifel Financial Corp grew its holdings in shares of Entegris by 6.5% during the 4th quarter. Stifel Financial Corp now owns 122,392 shares of the semiconductor company’s stock valued at $14,665,000 after purchasing an additional 7,456 shares during the last quarter. Evoke Wealth LLC purchased a new position in Entegris in the 4th quarter worth $925,000. Finally, Bank of Nova Scotia purchased a new stake in Entegris during the fourth quarter valued at about $312,000.

Insider Buying and Selling at Entegris

In other news, CEO Bertrand Loy sold 27,044 shares of the stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $140.63, for a total value of $3,803,197.72. Following the sale, the chief executive officer now directly 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 at this hyperlink. In related news, insider Daniel D. Woodland sold 15,000 shares of the company’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 value of $2,175,000.00. Following the transaction, the insider now directly owns 37,457 shares of the company’s stock, valued at approximately $5,431,265. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Bertrand Loy sold 27,044 shares of Entegris stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $140.63, for a total value of $3,803,197.72. Following the completion of the sale, the chief executive officer now directly owns 263,068 shares of the company’s stock, valued at approximately $36,995,252.84. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 57,044 shares of company stock worth $8,078,198. 0.67% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

Entegris Price Performance

ENTG opened at $114.86 on Monday. Entegris, Inc. has a 12-month low of $84.13 and a 12-month high of $147.57. The company has a market cap of $17.32 billion, a price-to-earnings ratio of 55.22, a price-to-earnings-growth ratio of 1.50 and a beta of 1.24. The company has a current ratio of 3.58, a quick ratio of 2.14 and a debt-to-equity ratio of 1.18. The stock has a fifty day simple moving average of $112.74 and a two-hundred day simple moving average of $126.58.

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, beating analysts’ consensus estimates of $0.70 by $0.01. The company had revenue of $812.60 million during the quarter, compared to analysts’ expectations of $802.43 million. Entegris had a net margin of 5.61% and a return on equity of 12.03%. Entegris’s revenue was down 9.8% on a year-over-year basis. During the same period last year, the company posted $0.66 EPS. Research analysts predict that Entegris, Inc. will post 3.14 earnings per share for the current fiscal year.

Entegris Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Investors 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 yield of 0.35%. The ex-dividend date was Wednesday, July 31st. Entegris’s dividend payout ratio (DPR) is presently 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).