Spire Wealth Management trimmed its holdings in shares of Entegris, Inc. (NASDAQ:ENTG – Free Report) by 20.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,257 shares of the semiconductor company’s stock after selling 836 shares during the period. Spire Wealth Management’s holdings in Entegris were worth $361,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. American Century Companies Inc. raised its stake in Entegris by 11.1% in the 1st quarter. American Century Companies Inc. now owns 9,715 shares of the semiconductor company’s stock valued at $1,275,000 after acquiring an additional 974 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in Entegris by 73.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,866 shares of the semiconductor company’s stock valued at $376,000 after acquiring an additional 1,213 shares during the period. MetLife Investment Management LLC bought a new stake in Entegris in the 1st quarter valued at about $1,144,000. Great West Life Assurance Co. Can raised its stake in Entegris by 43.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 48,049 shares of the semiconductor company’s stock valued at $6,657,000 after acquiring an additional 14,527 shares during the period. Finally, Vontobel Holding Ltd. raised its stake in Entegris by 187.4% in the 1st quarter. Vontobel Holding Ltd. now owns 7,653 shares of the semiconductor company’s stock valued at $1,037,000 after acquiring an additional 4,990 shares during the period.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on ENTG shares. StockNews.com started coverage on Entegris in a research note on Thursday, October 5th. They issued a “sell” rating on the stock. Craig Hallum lowered Entegris from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Needham & Company LLC reaffirmed a “buy” rating and set a $120.00 target price on shares of Entegris in a report on Friday, August 4th. KeyCorp reduced their target price on Entegris from $113.00 to $107.00 and set an “overweight” rating for the company in a report on Friday, November 3rd. Finally, Mizuho lifted their target price on Entegris from $98.00 to $113.00 and gave the company a “buy” rating in a report on Friday, August 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $109.13.
Entegris Stock Down 0.3 %
Shares of NASDAQ ENTG opened at $102.86 on Friday. Entegris, Inc. has a 12 month low of $62.24 and a 12 month high of $114.47. The company has a current ratio of 4.31, a quick ratio of 3.34 and a debt-to-equity ratio of 1.61. The firm has a market capitalization of $15.45 billion, a price-to-earnings ratio of 77.92, a PEG ratio of 4.73 and a beta of 1.27. The business has a 50-day moving average of $93.10 and a 200-day moving average of $98.50.
Entegris Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 1st will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.39%. The ex-dividend date is Tuesday, October 31st. Entegris’s payout ratio is 30.30%.
Insider Transactions at Entegris
In other 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 owns 13,670 shares of the company’s stock, valued at $1,298,650. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.81% of the stock is owned by insiders.
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).
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