Thoroughbred Financial Services LLC Acquires New Holdings in Entegris, Inc. (NASDAQ:ENTG)

Thoroughbred Financial Services LLC acquired a new stake in shares of Entegris, Inc. (NASDAQ:ENTG) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,565 shares of the semiconductor company’s stock, valued at approximately $482,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Innealta Capital LLC bought a new position in shares of Entegris in the second quarter valued at approximately $26,000. Summit Securities Group LLC bought a new position in shares of Entegris in the second quarter valued at approximately $27,000. Trust Co. of Vermont acquired a new stake in shares of Entegris in the fourth quarter worth $31,000. Opal Wealth Advisors LLC acquired a new stake in shares of Entegris in the second quarter worth $31,000. Finally, ORG Partners LLC acquired a new stake in shares of Entegris in the first quarter worth $33,000.

Entegris Stock Down 0.5 %

Shares of NASDAQ ENTG opened at $110.15 on Tuesday. The company has a quick ratio of 2.14, a current ratio of 3.58 and a debt-to-equity ratio of 1.18. The company has a market cap of $16.63 billion, a price-to-earnings ratio of 52.96, a price-to-earnings-growth ratio of 1.49 and a beta of 1.24. Entegris, Inc. has a 12-month low of $84.13 and a 12-month high of $147.57. The firm’s 50-day simple moving average is $117.50 and its 200 day simple moving average is $128.31.

Entegris (NASDAQ:ENTG) last released its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 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 for the quarter, compared to analysts’ expectations of $802.43 million. During the same period in the prior year, the firm earned $0.66 earnings per share. Entegris’s revenue was down 9.8% compared to the same quarter last year. On average, research analysts expect that Entegris, Inc. will post 3.14 earnings per share for the current fiscal year.

Entegris Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders 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 annualized dividend and a dividend yield of 0.36%. Entegris’s dividend payout ratio (DPR) is currently 19.23%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ENTG shares. BMO Capital Markets lowered their price objective on shares of Entegris from $160.00 to $145.00 and set an “outperform” rating on the stock in a research note on Thursday, August 1st. Citigroup upgraded shares of Entegris from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $119.00 to $130.00 in a research note on Monday. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Entegris from $160.00 to $145.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Mizuho raised shares of Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 price target on the stock in a report on Thursday, August 1st. Finally, Needham & Company LLC reissued a “buy” rating and issued a $150.00 price target on shares of Entegris in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $146.40.

Insider Activity

In other Entegris news, insider Daniel D. Woodland sold 15,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 37,457 shares of the company’s stock, valued at $5,243,980. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Entegris news, insider Daniel D. Woodland sold 15,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 37,457 shares of the company’s stock, valued at $5,243,980. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Bertrand Loy sold 27,044 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 263,068 shares in the company, valued at $36,995,252.84. 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 three months. 0.67% of the stock is owned by 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).