Entegris, Inc. $ENTG Shares Sold by Candriam S.C.A.

Candriam S.C.A. decreased its holdings in Entegris, Inc. (NASDAQ:ENTG) by 16.9% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 317,006 shares of the semiconductor company’s stock after selling 64,300 shares during the period. Candriam S.C.A.’s holdings in Entegris were worth $49,016,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Ancora Advisors LLC acquired a new position in shares of Entegris during the 2nd quarter valued at about $31,000. Transamerica Financial Advisors LLC acquired a new stake in shares of Entegris in the second quarter worth approximately $32,000. Boit C F David acquired a new stake in shares of Entegris in the third quarter worth approximately $32,000. First Horizon Corp boosted its position in shares of Entegris by 147.1% in the first quarter. First Horizon Corp now owns 299 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 178 shares during the last quarter. Finally, SBI Securities Co. Ltd. grew its holdings in Entegris by 51.1% in the third quarter. SBI Securities Co. Ltd. now owns 278 shares of the semiconductor company’s stock valued at $43,000 after purchasing an additional 94 shares during the period.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on ENTG shares. Zacks Research raised shares of Entegris from a “hold” rating to a “strong-buy” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft raised shares of Entegris from a “hold” rating to a “buy” rating and increased their price target for the stock from $152.00 to $200.00 in a research note on Wednesday, August 12th. Truist Financial lifted their price target on shares of Entegris from $190.00 to $199.00 and gave the company a “buy” rating in a report on Friday, October 30th. Weiss Ratings raised shares of Entegris from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, October 30th. Finally, UBS Group boosted their price objective on shares of Entegris from $205.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Entegris has a consensus rating of “Buy” and an average target price of $187.17.

Entegris Stock Performance

NASDAQ:ENTG opened at $127.98 on Friday. The firm’s fifty day simple moving average is $146.15 and its 200 day simple moving average is $138.59. The company has a current ratio of 2.66, a quick ratio of 1.59 and a debt-to-equity ratio of 0.75. Entegris, Inc. has a twelve month low of $67.97 and a twelve month high of $186.94. The firm has a market capitalization of $19.56 billion, a price-to-earnings ratio of 49.99, a PEG ratio of 1.00 and a beta of 1.39.

Entegris (NASDAQ:ENTG) last released its quarterly earnings data on Thursday, October 29th. The semiconductor company reported $1.23 EPS for the quarter, beating the consensus estimate of $1.03 by $0.20. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $925.35 million. Entegris had a return on equity of 13.86% and a net margin of 11.14%. The firm’s revenue was up 24.6% compared to the same quarter last year. During the same period last year, the company posted $0.72 earnings per share. As a group, equities research analysts expect that Entegris, Inc. will post 4.38 earnings per share for the current fiscal year.

Entegris Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 18th. Investors of record on Wednesday, October 28th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Wednesday, October 28th. Entegris’s dividend payout ratio (DPR) is presently 15.62%.

Insider Activity at Entegris

In other Entegris news, insider Olivier Blachier sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $160.66, for a total value of $321,320.00. Following the completion of the transaction, the insider owned 34,997 shares in the company, valued at $5,622,618.02. This represents a 5.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Joseph Colella sold 3,916 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $164.48, for a total transaction of $644,103.68. Following the completion of the sale, the senior vice president directly owned 50,297 shares of the company’s stock, valued at $8,272,850.56. This trade represents a 7.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 7,978 shares of company stock worth $1,273,734. 0.53% of the stock is currently owned by company insiders.

About Entegris

Entegris, Inc supplies advanced materials and process solutions used in semiconductor manufacturing and other high-technology industries. Its products help customers control contamination and manage materials throughout complex manufacturing processes.

The company’s offerings include specialty chemicals and gases, filtration and purification systems, fluid and gas handling products, and wafer handling and storage solutions. Entegris also provides related services and technologies designed to support the production of semiconductor devices and other advanced products.

Entegris serves customers around the world, with operations and support across the Americas, Asia and Europe.