Tributary Capital Management LLC Sells 100 Shares of Entegris, Inc. (NASDAQ:ENTG)

Tributary Capital Management LLC lowered its position in Entegris, Inc. (NASDAQ:ENTG) by 2.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,972 shares of the semiconductor company’s stock after selling 100 shares during the period. Tributary Capital Management LLC’s holdings in Entegris were worth $558,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ENTG. LPL Financial LLC raised its stake in shares of Entegris by 22.2% in the third quarter. LPL Financial LLC now owns 76,156 shares of the semiconductor company’s stock valued at $7,152,000 after acquiring an additional 13,834 shares during the last quarter. Treasurer of the State of North Carolina raised its stake in shares of Entegris by 0.4% in the third quarter. Treasurer of the State of North Carolina now owns 67,490 shares of the semiconductor company’s stock valued at $6,338,000 after acquiring an additional 260 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Entegris by 76.7% in the third quarter. Tower Research Capital LLC TRC now owns 16,603 shares of the semiconductor company’s stock valued at $1,559,000 after acquiring an additional 7,207 shares during the last quarter. Rehmann Capital Advisory Group raised its stake in shares of Entegris by 4.3% in the third quarter. Rehmann Capital Advisory Group now owns 2,615 shares of the semiconductor company’s stock valued at $246,000 after acquiring an additional 108 shares during the last quarter. Finally, SRS Capital Advisors Inc. raised its position in Entegris by 13.0% in the 3rd quarter. SRS Capital Advisors Inc. now owns 2,686 shares of the semiconductor company’s stock worth $252,000 after purchasing an additional 308 shares during the last quarter.

Wall Street Analysts Forecast Growth

ENTG has been the subject of several research analyst reports. Mizuho boosted their price objective on shares of Entegris from $140.00 to $143.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $160.00 price objective on shares of Entegris in a research report on Wednesday, June 26th. Finally, Needham & Company LLC restated a “buy” rating and issued a $150.00 price objective on shares of Entegris in a research report on Monday, May 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Entegris presently has a consensus rating of “Moderate Buy” and an average target price of $149.80.

Entegris Trading Up 1.3 %

Shares of ENTG stock traded up $1.68 on Tuesday, hitting $135.22. The stock had a trading volume of 50,566 shares, compared to its average volume of 1,385,734. Entegris, Inc. has a twelve month low of $84.13 and a twelve month high of $146.91. The firm has a market cap of $20.39 billion, a P/E ratio of 64.20, a PEG ratio of 1.54 and a beta of 1.25. The company has a current ratio of 3.35, a quick ratio of 2.02 and a debt-to-equity ratio of 1.22. The company has a fifty day moving average price of $131.59 and a two-hundred day moving average price of $129.16.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.07. The company had revenue of $771.03 million during the quarter, compared to analyst estimates of $769.24 million. Entegris had a net margin of 9.31% and a return on equity of 11.94%. The firm’s revenue was down 16.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.65 EPS. As a group, analysts forecast that Entegris, Inc. will post 3.25 earnings per share for the current fiscal year.

Entegris Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Wednesday, May 1st were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date of this dividend was Tuesday, April 30th. Entegris’s payout ratio is presently 19.23%.

Insider Buying and Selling

In related news, SVP Clinton M. Haris sold 5,005 shares of the company’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $124.74, for a total value of $624,323.70. Following the completion of the transaction, the senior vice president now directly owns 34,600 shares of the company’s stock, valued at approximately $4,316,004. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, SVP James Anthony O’neill sold 6,761 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $133.50, for a total value of $902,593.50. Following the sale, the senior vice president now directly owns 13,652 shares of the company’s stock, valued at approximately $1,822,542. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Clinton M. Haris sold 5,005 shares of the company’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $124.74, for a total transaction of $624,323.70. Following the completion of the sale, the senior vice president now directly owns 34,600 shares in the company, valued at $4,316,004. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,752 shares of company stock valued at $1,792,723. Company insiders own 0.67% of the company’s stock.

Entegris Company 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).