Great Lakes Advisors LLC Sells 56,459 Shares of Entegris, Inc. (NASDAQ:ENTG)

Great Lakes Advisors LLC trimmed its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 58.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,386 shares of the semiconductor company’s stock after selling 56,459 shares during the quarter. Great Lakes Advisors LLC’s holdings in Entegris were worth $5,333,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Inspire Advisors LLC grew its stake in Entegris by 1.3% during the first quarter. Inspire Advisors LLC now owns 5,785 shares of the semiconductor company’s stock worth $813,000 after buying an additional 77 shares during the last quarter. Commerce Bank grew its stake in shares of Entegris by 0.6% during the fourth quarter. Commerce Bank now owns 13,725 shares of the semiconductor company’s stock valued at $1,645,000 after purchasing an additional 86 shares during the last quarter. Wedmont Private Capital grew its stake in shares of Entegris by 5.9% during the second quarter. Wedmont Private Capital now owns 1,609 shares of the semiconductor company’s stock valued at $232,000 after purchasing an additional 90 shares during the last quarter. Manchester Capital Management LLC grew its stake in shares of Entegris by 19.1% during the fourth quarter. Manchester Capital Management LLC now owns 599 shares of the semiconductor company’s stock valued at $72,000 after purchasing an additional 96 shares during the last quarter. Finally, Everpar Advisors LLC grew its stake in shares of Entegris by 6.5% during the second quarter. Everpar Advisors LLC now owns 1,656 shares of the semiconductor company’s stock valued at $224,000 after purchasing an additional 101 shares during the last quarter.

Insider Buying and Selling

In related news, insider Daniel D. Woodland sold 15,000 shares of the firm’s stock in a transaction on 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 completion of the transaction, the insider now owns 37,457 shares of the company’s stock, valued at $5,243,980. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Daniel D. Woodland sold 15,000 shares of the firm’s stock in a transaction on 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 completion of the transaction, the insider now owns 37,457 shares of the company’s stock, valued at $5,243,980. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Bertrand Loy sold 27,044 shares of the firm’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 transaction, 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. Insiders have sold a total of 57,044 shares of company stock worth $8,078,198 over the last ninety days. Company insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on ENTG shares. Needham & Company LLC reissued a “buy” rating and set a $150.00 price target on shares of Entegris in a research note on Thursday, August 1st. Mizuho upgraded shares of Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 price objective on the stock in a report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Entegris from $160.00 to $145.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Finally, BMO Capital Markets cut their price objective on shares of Entegris from $160.00 to $145.00 and set an “outperform” rating on the stock in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Entegris currently has an average rating of “Moderate Buy” and a consensus target price of $146.80.

Entegris Trading Down 2.8 %

ENTG opened at $107.11 on Monday. The firm’s fifty day moving average is $121.10 and its two-hundred day moving average is $129.34. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.14 and a current ratio of 3.58. The firm has a market cap of $16.15 billion, a PE ratio of 51.50, a price-to-earnings-growth ratio of 1.56 and a beta of 1.24. Entegris, Inc. has a twelve month low of $84.13 and a twelve month high of $147.57.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.71 EPS for the quarter, topping 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 period last year, the business posted $0.66 earnings per share. The firm’s quarterly revenue was down 9.8% on a year-over-year basis. Equities research analysts anticipate that Entegris, Inc. will post 3.14 EPS for the current year.

Entegris Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Wednesday, July 31st were issued a dividend of $0.10 per share. The ex-dividend date was Wednesday, July 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.37%. Entegris’s payout ratio is 19.23%.

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).