Entegris, Inc. (NASDAQ:ENTG) Stock Position Boosted by Nordea Investment Management AB

Nordea Investment Management AB boosted its stake in Entegris, Inc. (NASDAQ:ENTG) by 5.0% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 10,370 shares of the semiconductor company’s stock after acquiring an additional 492 shares during the quarter. Nordea Investment Management AB’s holdings in Entegris were worth $1,461,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Trust Co. of Vermont bought a new position in shares of Entegris during the 4th quarter valued at about $31,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Entegris during the 4th quarter valued at about $35,000. Quent Capital LLC boosted its position in shares of Entegris by 59.1% during the 4th quarter. Quent Capital LLC now owns 366 shares of the semiconductor company’s stock valued at $44,000 after purchasing an additional 136 shares in the last quarter. Arlington Trust Co LLC bought a new position in shares of Entegris during the 4th quarter valued at about $46,000. Finally, VisionPoint Advisory Group LLC bought a new position in shares of Entegris during the 4th quarter valued at about $66,000.

Entegris Stock Performance

ENTG stock opened at $140.65 on Friday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.02 and a current ratio of 3.35. The stock has a market cap of $21.21 billion, a P/E ratio of 67.62, a P/E/G ratio of 1.61 and a beta of 1.25. The firm has a 50 day simple moving average of $133.37 and a 200 day simple moving average of $130.22. Entegris, Inc. has a 52 week low of $84.13 and a 52 week high of $146.91.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.61 by $0.07. The business had revenue of $771.03 million during the quarter, compared to analysts’ expectations of $769.24 million. Entegris had a net margin of 9.31% and a return on equity of 11.94%. The firm’s quarterly revenue was down 16.4% compared to the same quarter last year. During the same period last year, the company posted $0.65 earnings per share. Research analysts anticipate that Entegris, Inc. will post 3.25 earnings per share for the current fiscal year.

Entegris Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Wednesday, May 1st were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.28%. The ex-dividend date of this dividend was Tuesday, April 30th. Entegris’s dividend payout ratio is currently 19.23%.

Insider Buying and Selling

In related news, SVP Olivier Blachier sold 1,986 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $133.84, for a total transaction of $265,806.24. Following the completion of the sale, the senior vice president now directly owns 12,356 shares in the company, valued at $1,653,727.04. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Entegris news, SVP Olivier Blachier sold 1,986 shares of Entegris stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $133.84, for a total value of $265,806.24. Following the completion of the sale, the senior vice president now directly owns 12,356 shares in the company, valued at $1,653,727.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP James Anthony O’neill sold 6,761 shares of Entegris stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $133.50, for a total transaction of $902,593.50. Following the completion of the sale, the senior vice president now owns 13,652 shares of the company’s stock, valued at $1,822,542. The disclosure for this sale can be found here. Over the last three months, insiders sold 55,796 shares of company stock worth $7,695,921. 0.67% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ENTG shares. Mizuho raised their price objective on shares of Entegris from $140.00 to $143.00 and gave the company a “neutral” rating in a research report on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $160.00 price objective on shares of Entegris in a research report on Wednesday, June 26th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $150.00 target price on shares of Entegris in a research report on Monday, May 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $149.80.

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).