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

Argent Trust Co increased its stake in Entegris, Inc. (NASDAQ:ENTG) by 6.5% in the second quarter, Holdings Channel.com reports. The institutional investor owned 4,694 shares of the semiconductor company’s stock after acquiring an additional 286 shares during the period. Argent Trust Co’s holdings in Entegris were worth $636,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of ENTG. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Entegris by 36.0% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 5,281 shares of the semiconductor company’s stock valued at $633,000 after purchasing an additional 1,399 shares during the period. PNC Financial Services Group Inc. lifted its position in Entegris by 30.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 39,928 shares of the semiconductor company’s stock valued at $4,784,000 after buying an additional 9,332 shares during the period. Coldstream Capital Management Inc. boosted its holdings in shares of Entegris by 98.0% during the 4th quarter. Coldstream Capital Management Inc. now owns 4,647 shares of the semiconductor company’s stock valued at $557,000 after buying an additional 2,300 shares in the last quarter. Clearbridge Investments LLC grew its position in shares of Entegris by 809.7% in the 4th quarter. Clearbridge Investments LLC now owns 226,368 shares of the semiconductor company’s stock worth $27,123,000 after buying an additional 201,484 shares during the period. Finally, Corient Private Wealth LLC increased its stake in shares of Entegris by 52.8% in the 4th quarter. Corient Private Wealth LLC now owns 11,764 shares of the semiconductor company’s stock worth $1,410,000 after acquiring an additional 4,063 shares in the last quarter.

Entegris Trading Up 4.8 %

Entegris stock opened at $115.36 on Friday. Entegris, Inc. has a one year low of $84.13 and a one year high of $147.57. The business’s fifty day moving average is $116.25 and its 200 day moving average is $128.00. The stock has a market capitalization of $17.40 billion, a PE ratio of 55.46, a price-to-earnings-growth ratio of 1.49 and a beta of 1.24. 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 (NASDAQ:ENTG) last announced its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 EPS 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 revenue for the quarter was down 9.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.66 earnings per share. On average, sell-side analysts predict that Entegris, Inc. will post 3.14 EPS for the current year.

Entegris Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, July 31st were issued 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 0.35%. Entegris’s payout ratio is 19.23%.

Wall Street Analyst Weigh In

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

Insider Transactions at Entegris

In related news, insider Daniel D. Woodland sold 15,000 shares of the company’s stock in a transaction 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 completion of the sale, the insider now owns 37,457 shares in the company, valued at $5,431,265. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Bertrand Loy sold 27,044 shares of the business’s stock in a transaction 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 owns 263,068 shares of the company’s stock, valued at approximately $36,995,252.84. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Daniel D. Woodland sold 15,000 shares of the firm’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $145.00, for a total value of $2,175,000.00. Following the completion of the transaction, the insider now directly owns 37,457 shares in the company, valued at $5,431,265. The disclosure for this sale can be found here. Insiders have sold a total of 57,044 shares of company stock worth $8,078,198 in the last ninety days. 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).