Argent Trust Co Acquires 286 Shares of Entegris, Inc. (NASDAQ:ENTG)

Argent Trust Co raised its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 6.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,694 shares of the semiconductor company’s stock after acquiring an additional 286 shares during the quarter. Argent Trust Co’s holdings in Entegris were worth $636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Entegris Stock Performance

NASDAQ:ENTG opened at $115.36 on Friday. The company has a market capitalization of $17.40 billion, a price-to-earnings ratio of 55.46, a PEG ratio of 1.49 and a beta of 1.24. The business has a 50 day moving average of $116.25 and a 200 day moving average of $128.00. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.58 and a quick ratio of 2.14. Entegris, Inc. has a 1-year low of $84.13 and a 1-year high of $147.57.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.01. The firm had revenue of $812.60 million during the quarter, compared to analyst estimates of $802.43 million. Entegris had a net margin of 5.61% and a return on equity of 12.03%. The business’s quarterly revenue was down 9.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.66 EPS. On average, sell-side analysts predict that Entegris, Inc. will post 3.14 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, July 31st were issued a $0.10 dividend. The ex-dividend date was Wednesday, July 31st. This represents a $0.40 annualized dividend and a dividend yield of 0.35%. Entegris’s dividend payout ratio is currently 19.23%.

Analysts Set New Price Targets

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

Insider Activity

In related news, insider Daniel D. Woodland sold 15,000 shares of the firm’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 transaction, the insider now directly owns 37,457 shares in the company, valued at approximately $5,431,265. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Entegris news, insider Daniel D. Woodland sold 15,000 shares of the stock in a transaction on Thursday, July 11th. The shares were 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 owns 37,457 shares of the company’s stock, valued at approximately $5,431,265. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 directly owns 263,068 shares of the company’s stock, valued at $36,995,252.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 57,044 shares of company stock valued at $8,078,198. Insiders own 0.67% of the company’s stock.

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).