Modus Advisors LLC Cuts Holdings in Entegris, Inc. (NASDAQ:ENTG)

Modus Advisors LLC lowered its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 25.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,080 shares of the semiconductor company’s stock after selling 1,068 shares during the quarter. Modus Advisors LLC’s holdings in Entegris were worth $341,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ENTG. Symmetry Partners LLC bought a new stake in Entegris during the second quarter worth $217,000. Toroso Investments LLC raised its stake in shares of Entegris by 9.3% during the 1st quarter. Toroso Investments LLC now owns 12,411 shares of the semiconductor company’s stock worth $1,018,000 after purchasing an additional 1,055 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Entegris by 3,490.1% in the 1st quarter. Ameriprise Financial Inc. now owns 1,036,093 shares of the semiconductor company’s stock worth $84,970,000 after buying an additional 1,007,233 shares during the last quarter. Thrivent Financial for Lutherans grew its position in Entegris by 18.0% during the first quarter. Thrivent Financial for Lutherans now owns 182,219 shares of the semiconductor company’s stock valued at $14,942,000 after buying an additional 27,777 shares during the period. Finally, KB Financial Partners LLC purchased a new stake in Entegris during the first quarter worth about $34,000.

Entegris Price Performance

NASDAQ ENTG traded up $1.34 during trading hours on Thursday, hitting $96.17. The company had a trading volume of 75,804 shares, compared to its average volume of 1,498,981. The company has a debt-to-equity ratio of 1.64, a quick ratio of 3.45 and a current ratio of 4.59. The firm has a market capitalization of $14.44 billion, a price-to-earnings ratio of 158.05, a PEG ratio of 4.25 and a beta of 1.26. Entegris, Inc. has a 52 week low of $61.75 and a 52 week high of $114.47. The firm has a 50 day simple moving average of $101.89 and a 200 day simple moving average of $93.81.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.09. The firm had revenue of $901.00 million for the quarter, compared to the consensus estimate of $886.80 million. Entegris had a net margin of 2.48% and a return on equity of 13.99%. The company’s revenue for the quarter was up 30.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.00 earnings per share. Equities research analysts expect that Entegris, Inc. will post 2.6 earnings per share for the current year.

Entegris Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 2nd were issued a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, August 1st. This represents a $0.40 annualized dividend and a dividend yield of 0.42%. Entegris’s payout ratio is currently 66.67%.

Insider Buying and Selling

In related news, SVP James Anthony O’neill sold 1,918 shares of the business’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $95.00, for a total transaction of $182,210.00. Following the completion of the transaction, the senior vice president now directly owns 13,670 shares in the company, valued at $1,298,650. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.81% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ENTG. Needham & Company LLC reiterated a “buy” rating and issued a $120.00 target price on shares of Entegris in a research note on Friday, August 4th. BMO Capital Markets initiated coverage on Entegris in a research note on Tuesday, June 20th. They issued an “outperform” rating and a $129.00 price objective on the stock. StockNews.com started coverage on Entegris in a research report on Thursday, August 17th. They issued a “sell” rating for the company. Mizuho upped their price target on Entegris from $98.00 to $113.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Finally, Craig Hallum lowered Entegris from a “buy” rating to a “hold” rating in a report on Friday, August 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $107.40.

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 four segments: Specialty Chemicals and Engineered Materials (SCEM); Microcontamination Control (MC); The Advanced Planarization Solutions (APS); and Advanced Materials Handling (AMH).