1,445 Shares in Entegris, Inc. (NASDAQ:ENTG) Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC acquired a new position in Entegris, Inc. (NASDAQ:ENTG) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,445 shares of the semiconductor company’s stock, valued at approximately $203,000.

Several other hedge funds and other institutional investors have also bought and sold shares of ENTG. Norges Bank bought a new stake in Entegris during the 4th quarter valued at $278,727,000. Jackson Square Partners LLC bought a new stake in Entegris during the 4th quarter valued at $82,813,000. Assenagon Asset Management S.A. boosted its position in Entegris by 1,626.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 354,507 shares of the semiconductor company’s stock valued at $49,822,000 after acquiring an additional 333,973 shares in the last quarter. Norden Group LLC boosted its position in Entegris by 2,200.1% during the 1st quarter. Norden Group LLC now owns 224,260 shares of the semiconductor company’s stock valued at $31,518,000 after acquiring an additional 214,510 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its position in Entegris by 809.7% during the 4th quarter. Clearbridge Investments LLC now owns 226,368 shares of the semiconductor company’s stock valued at $27,123,000 after acquiring an additional 201,484 shares in the last quarter.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, SVP Clinton M. Haris sold 5,005 shares of the firm’s stock in a transaction on Friday, May 31st. The stock was 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 owns 34,600 shares in the company, valued at approximately $4,316,004. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Entegris news, SVP Clinton M. Haris sold 5,005 shares of Entegris stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $124.74, for a total transaction of $624,323.70. Following the completion of the transaction, the senior vice president now owns 34,600 shares in the company, valued at approximately $4,316,004. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Bertrand Loy sold 27,044 shares of Entegris stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $140.63, for a total value of $3,803,197.72. Following the transaction, the chief executive officer now owns 263,068 shares of the company’s stock, valued at approximately $36,995,252.84. The disclosure for this sale can be found here. Insiders sold 55,796 shares of company stock worth $7,695,921 in the last 90 days. Insiders own 0.67% of the company’s stock.

Entegris Stock Performance

Shares of ENTG stock opened at $143.77 on Thursday. The firm has a market capitalization of $21.68 billion, a price-to-earnings ratio of 69.12, a price-to-earnings-growth ratio of 1.61 and a beta of 1.25. The company has a debt-to-equity ratio of 1.22, a current ratio of 3.35 and a quick ratio of 2.02. The business has a fifty day moving average of $133.09 and a 200 day moving average of $130.15. Entegris, Inc. has a 1 year low of $84.13 and a 1 year high of $146.91.

Entegris (NASDAQ:ENTG) last issued its earnings results on Wednesday, May 1st. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 11.94% and a net margin of 9.31%. The firm’s quarterly revenue was down 16.4% on a year-over-year basis. During the same quarter last year, the business posted $0.65 EPS. As a group, research analysts expect that Entegris, Inc. will post 3.25 earnings per share for the current year.

Entegris Announces Dividend

The company 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. The ex-dividend date of this dividend was Tuesday, April 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.28%. Entegris’s dividend payout ratio (DPR) is 19.23%.

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).