Pacer Advisors Inc. decreased its stake in Entegris, Inc. (NASDAQ:ENTG – Free Report) by 93.4% during the first quarter, Holdings Channel reports. The institutional investor owned 18,053 shares of the semiconductor company’s stock after selling 254,306 shares during the quarter. Pacer Advisors Inc.’s holdings in Entegris were worth $2,117,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Steph & Co. purchased a new position in Entegris during the fourth quarter valued at approximately $25,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Entegris in the 4th quarter worth approximately $29,000. Millstone Evans Group LLC boosted its position in Entegris by 191.3% in the 1st quarter. Millstone Evans Group LLC now owns 268 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 176 shares in the last quarter. Johnson Financial Group Inc. grew its stake in shares of Entegris by 147.5% during the 4th quarter. Johnson Financial Group Inc. now owns 396 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 236 shares during the period. Finally, First Horizon Corp grew its stake in shares of Entegris by 147.1% during the 1st quarter. First Horizon Corp now owns 299 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 178 shares during the period.
Entegris Stock Up 6.6%
ENTG stock opened at $152.08 on Friday. Entegris, Inc. has a 52 week low of $67.97 and a 52 week high of $186.94. The company has a quick ratio of 2.05, a current ratio of 3.05 and a debt-to-equity ratio of 0.83. The firm has a 50-day simple moving average of $144.96 and a 200-day simple moving average of $134.68. The stock has a market capitalization of $23.19 billion, a P/E ratio of 76.42, a P/E/G ratio of 1.32 and a beta of 1.35.
Entegris Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 19th. Stockholders of record on Wednesday, July 29th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Wednesday, July 29th. Entegris’s dividend payout ratio (DPR) is 20.10%.
Wall Street Analyst Weigh In
ENTG has been the subject of several analyst reports. Needham & Company LLC boosted their target price on shares of Entegris from $165.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $115.00 price objective on shares of Entegris in a report on Friday, May 1st. Citigroup reiterated a “buy” rating on shares of Entegris in a research report on Thursday, April 30th. UBS Group raised their target price on Entegris from $205.00 to $215.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Oppenheimer restated an “outperform” rating and issued a $160.00 price target on shares of Entegris in a research note on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $165.56.
Read Our Latest Report on ENTG
Insiders Place Their Bets
In related news, SVP Olivier Blachier sold 2,000 shares of the stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $140.04, for a total value of $280,080.00. Following the completion of the transaction, the senior vice president directly owned 34,897 shares of the company’s stock, valued at approximately $4,886,975.88. This represents a 5.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James P. Lederer sold 3,569 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $143.59, for a total value of $512,472.71. Following the completion of the transaction, the director owned 18,277 shares in the company, valued at $2,624,394.43. The trade was a 16.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 44,466 shares of company stock valued at $6,186,624. 0.53% of the stock is owned by corporate insiders.
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.
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