Entegris, Inc. (NASDAQ:ENTG) Shares Sold by RGM Capital LLC

RGM Capital LLC decreased its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 1.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 595,184 shares of the semiconductor company’s stock after selling 10,000 shares during the quarter. Entegris accounts for about 3.2% of RGM Capital LLC’s holdings, making the stock its 17th biggest position. RGM Capital LLC owned about 0.39% of Entegris worth $80,588,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Innealta Capital LLC purchased a new stake in Entegris during the second quarter worth $26,000. Summit Securities Group LLC purchased a new stake in shares of Entegris in the 2nd quarter worth about $27,000. Trust Co. of Vermont purchased a new stake in shares of Entegris in the 4th quarter worth about $31,000. Opal Wealth Advisors LLC acquired a new stake in Entegris in the 2nd quarter valued at about $31,000. Finally, ORG Partners LLC purchased a new position in Entegris during the 1st quarter valued at about $33,000.

Entegris Price Performance

Shares of NASDAQ:ENTG opened at $110.64 on Friday. The business has a fifty day simple moving average of $115.07 and a 200-day simple moving average of $127.65. Entegris, Inc. has a 52 week low of $84.13 and a 52 week high of $147.57. The company has a market cap of $16.68 billion, a P/E ratio of 53.19, a P/E/G ratio of 1.49 and a beta of 1.24. The company has a quick ratio of 2.14, a current ratio of 3.58 and a debt-to-equity ratio of 1.18.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.71 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 the consensus estimate of $802.43 million. Entegris had a net margin of 5.61% and a return on equity of 12.03%. The company’s quarterly revenue was down 9.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.66 EPS. Equities research analysts forecast that Entegris, Inc. will post 3.14 EPS for the current year.

Entegris Announces Dividend

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

Insider Activity

In related news, insider Daniel D. Woodland sold 15,000 shares of the stock in a transaction 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 directly owns 37,457 shares of the company’s stock, valued at approximately $5,243,980. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Entegris news, CEO Bertrand Loy sold 27,044 shares of the business’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 sale, the chief executive officer now directly owns 263,068 shares in the company, valued at $36,995,252.84. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Daniel D. Woodland sold 15,000 shares of the stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $140.00, for a total transaction of $2,100,000.00. Following the completion of the sale, the insider now directly owns 37,457 shares of the company’s stock, valued at approximately $5,243,980. The disclosure for this sale can be found here. Insiders sold 57,044 shares of company stock valued at $8,078,198 in the last ninety days. Company insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on ENTG shares. Deutsche Bank Aktiengesellschaft reduced 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 Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 target price on the stock in a research note on Thursday, August 1st. Needham & Company LLC reissued a “buy” rating and set a $150.00 price target on shares of Entegris in a research report on Thursday, August 1st. Citigroup raised Entegris from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $119.00 to $130.00 in a report on Monday, September 16th. Finally, BMO Capital Markets decreased their price objective on Entegris from $160.00 to $145.00 and set an “outperform” rating on the stock in a research note on Thursday, August 1st. One investment 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average 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).