Entegris, Inc. $ENTG Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its holdings in Entegris, Inc. (NASDAQ:ENTG) by 7.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 70,014 shares of the semiconductor company’s stock after selling 5,278 shares during the period. Mutual of America Capital Management LLC’s holdings in Entegris were worth $6,473,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in ENTG. ORG Wealth Partners LLC lifted its stake in shares of Entegris by 862.1% in the 3rd quarter. ORG Wealth Partners LLC now owns 279 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 250 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Entegris during the 2nd quarter worth about $25,000. Quent Capital LLC purchased a new stake in Entegris in the 3rd quarter valued at about $34,000. Tripletail Wealth Management LLC acquired a new position in Entegris in the third quarter valued at about $49,000. Finally, Hoese & Co LLP purchased a new position in Entegris during the second quarter worth about $44,000.

Insider Transactions at Entegris

In other news, SVP Olivier Blachier sold 488 shares of the firm’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $77.43, for a total value of $37,785.84. Following the sale, the senior vice president directly owned 14,124 shares in the company, valued at approximately $1,093,621.32. This trade represents a 3.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bertrand Loy sold 57,570 shares of Entegris stock in a transaction on Monday, December 1st. The stock was sold at an average price of $76.88, for a total transaction of $4,425,981.60. Following the sale, the insider directly owned 305,820 shares of the company’s stock, valued at approximately $23,511,441.60. This trade represents a 15.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 69,473 shares of company stock valued at $5,666,033 over the last quarter. Insiders own 0.61% of the company’s stock.

Entegris Stock Up 0.2%

Entegris stock opened at $120.65 on Thursday. The firm has a market capitalization of $18.29 billion, a P/E ratio of 63.84 and a beta of 1.31. The company has a current ratio of 3.44, a quick ratio of 2.13 and a debt-to-equity ratio of 0.99. Entegris, Inc. has a twelve month low of $60.75 and a twelve month high of $124.00. The stock’s fifty day simple moving average is $93.32 and its 200-day simple moving average is $88.88.

Entegris (NASDAQ:ENTG) last released its earnings results on Thursday, October 30th. The semiconductor company reported $0.72 EPS for the quarter, hitting the consensus estimate of $0.72. Entegris had a return on equity of 11.61% and a net margin of 8.95%.The firm had revenue of $807.10 million during the quarter, compared to analysts’ expectations of $804.63 million. During the same period in the previous year, the firm posted $0.77 EPS. Entegris’s revenue for the quarter was down .1% on a year-over-year basis. As a group, equities analysts expect that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 18th. Investors of record on Wednesday, January 28th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Wednesday, January 28th. Entegris’s dividend payout ratio is presently 21.16%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ENTG shares. BMO Capital Markets boosted their price target on shares of Entegris from $105.00 to $126.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. KeyCorp boosted their target price on Entegris from $107.00 to $111.00 and gave the company an “overweight” rating in a research report on Friday, January 9th. Citigroup upped their price target on Entegris from $100.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday. The Goldman Sachs Group cut Entegris from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $88.00 to $75.00 in a research note on Monday, December 15th. Finally, Needham & Company LLC reiterated a “strong-buy” rating on shares of Entegris in a report on Tuesday, January 20th. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $111.00.

Entegris Company Profile

Entegris, Inc is a leading provider of advanced materials and process control solutions for the semiconductor and other high-technology industries. The company develops and supplies a broad portfolio of products designed to ensure purity and reliability throughout the manufacturing process, helping customers address critical contamination and yield challenges.

Entegris’s product offerings include high-purity chemicals and specialty materials, liquid and gas filtration and purification systems, and sophisticated wafer and chip handling solutions.