Ellevest Inc. Cuts Stock Position in Entegris, Inc. $ENTG

Ellevest Inc. lowered its position in Entegris, Inc. (NASDAQ:ENTG) by 37.0% during the second quarter, Holdings Channel reports. The institutional investor owned 6,013 shares of the semiconductor company’s stock after selling 3,531 shares during the quarter. Ellevest Inc.’s holdings in Entegris were worth $485,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Rise Advisors LLC purchased a new stake in shares of Entegris during the 1st quarter valued at $26,000. Costello Asset Management INC purchased a new stake in shares of Entegris during the 1st quarter valued at $26,000. Alpine Bank Wealth Management lifted its holdings in shares of Entegris by 73.7% during the 2nd quarter. Alpine Bank Wealth Management now owns 311 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 132 shares during the last quarter. Summit Securities Group LLC purchased a new stake in shares of Entegris during the 1st quarter valued at $36,000. Finally, SVB Wealth LLC purchased a new stake in shares of Entegris during the 1st quarter valued at $43,000.

Insider Buying and Selling

In other Entegris news, SVP Susan G. Rice sold 8,858 shares of the firm’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $79.84, for a total value of $707,222.72. Following the transaction, the senior vice president owned 56,912 shares in the company, valued at approximately $4,543,854.08. This trade represents a 13.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Oppenheimer assumed coverage on Entegris in a research note on Thursday, September 4th. They set a “market perform” rating and a $95.00 price target on the stock. Zacks Research lowered Entegris from a “hold” rating to a “strong sell” rating in a research note on Monday. UBS Group decreased their price target on shares of Entegris from $95.00 to $90.00 and set a “neutral” rating for the company in a report on Thursday, July 31st. Mizuho raised their price target on shares of Entegris from $100.00 to $108.00 and gave the stock an “outperform” rating in a report on Friday, October 3rd. Finally, Wall Street Zen raised shares of Entegris from a “sell” rating to a “hold” rating in a report on Friday, October 3rd. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Entegris has an average rating of “Hold” and a consensus target price of $97.57.

Entegris Stock Up 2.4%

Entegris stock opened at $88.50 on Thursday. The stock has a market capitalization of $13.42 billion, a PE ratio of 45.62 and a beta of 1.39. Entegris, Inc. has a 12 month low of $60.75 and a 12 month high of $112.36. The business has a 50 day simple moving average of $90.08 and a 200-day simple moving average of $83.45. The company has a debt-to-equity ratio of 1.04, a current ratio of 3.30 and a quick ratio of 1.95.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Wednesday, July 6th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter. The business had revenue of $512.84 million for the quarter. Entegris had a net margin of 9.17% and a return on equity of 12.05%. On average, analysts anticipate that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 19th. Shareholders of record on Wednesday, October 29th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.5%. The ex-dividend date is Wednesday, October 29th. Entegris’s payout ratio is 21.16%.

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).