Van ECK Associates Corp Buys 15,871 Shares of Entegris, Inc. (NASDAQ:ENTG)

Van ECK Associates Corp boosted its stake in Entegris, Inc. (NASDAQ:ENTG) by 22.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,302 shares of the semiconductor company’s stock after acquiring an additional 15,871 shares during the quarter. Van ECK Associates Corp owned 0.06% of Entegris worth $11,685,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co lifted its position in Entegris by 161.1% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 107,677 shares of the semiconductor company’s stock valued at $15,135,000 after acquiring an additional 66,437 shares in the last quarter. BNP Paribas bought a new stake in Entegris during the 1st quarter worth about $1,647,000. Virtu Financial LLC bought a new stake in Entegris during the 4th quarter worth about $892,000. Stifel Financial Corp lifted its position in Entegris by 6.5% during the 4th quarter. Stifel Financial Corp now owns 122,392 shares of the semiconductor company’s stock worth $14,665,000 after buying an additional 7,456 shares in the last quarter. Finally, Schroder Investment Management Group lifted its position in Entegris by 14.8% during the 4th quarter. Schroder Investment Management Group now owns 487,517 shares of the semiconductor company’s stock worth $58,414,000 after buying an additional 62,761 shares in the last quarter.

Entegris Stock Up 3.0 %

Entegris stock opened at $115.87 on Monday. The firm has a market capitalization of $17.49 billion, a PE ratio of 55.71, a P/E/G ratio of 1.56 and a beta of 1.25. The company’s 50-day moving average is $123.47 and its 200-day moving average is $130.25. Entegris, Inc. has a fifty-two week low of $84.13 and a fifty-two week high of $147.57. 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, beating analysts’ consensus estimates of $0.70 by $0.01. Entegris had a net margin of 5.61% and a return on equity of 12.03%. The business had revenue of $812.60 million for the quarter, compared to analyst estimates of $802.43 million. During the same quarter in the prior year, the business earned $0.66 EPS. Entegris’s quarterly revenue was down 9.8% on a year-over-year basis. Sell-side analysts anticipate that Entegris, Inc. will post 3.14 earnings per share for the current year.

Entegris Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Wednesday, July 31st were paid a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $0.40 dividend on an annualized basis and a yield of 0.35%. Entegris’s dividend payout ratio (DPR) is currently 19.23%.

Analyst Ratings Changes

Several equities research analysts have commented on ENTG shares. Mizuho raised shares of 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. Needham & Company LLC reissued a “buy” rating and set a $150.00 price target on shares of Entegris in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft cut their price target on shares of Entegris from $160.00 to $145.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Finally, BMO Capital Markets cut their price target on shares of Entegris from $160.00 to $145.00 and set an “outperform” rating on the stock in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Entegris currently has a consensus rating of “Moderate Buy” and an average price target of $146.80.

Insider Activity at Entegris

In related news, insider Daniel D. Woodland sold 15,000 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $140.00, for a total value of $2,100,000.00. Following the transaction, the insider now owns 37,457 shares in the company, valued at approximately $5,243,980. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Daniel D. Woodland sold 15,000 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $140.00, for a total value of $2,100,000.00. Following the transaction, the insider now owns 37,457 shares in the company, valued at approximately $5,243,980. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Bertrand Loy sold 27,044 shares of the business’s stock in a transaction dated 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 directly 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. In the last 90 days, insiders have sold 57,044 shares of company stock worth $8,078,198. Insiders own 0.67% of the company’s stock.

About Entegris

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).