KLP Kapitalforvaltning AS Purchases 1,000 Shares of Entegris, Inc. $ENTG

KLP Kapitalforvaltning AS grew its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 2.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,500 shares of the semiconductor company’s stock after buying an additional 1,000 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Entegris were worth $3,912,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Mackenzie Financial Corp increased its stake in shares of Entegris by 61.4% during the 1st quarter. Mackenzie Financial Corp now owns 8,891 shares of the semiconductor company’s stock worth $778,000 after purchasing an additional 3,382 shares during the last quarter. Compass Wealth Management LLC purchased a new stake in shares of Entegris during the 1st quarter worth approximately $1,614,000. Sequoia Financial Advisors LLC increased its stake in shares of Entegris by 11.5% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,767 shares of the semiconductor company’s stock worth $242,000 after purchasing an additional 285 shares during the last quarter. New York State Teachers Retirement System purchased a new stake in shares of Entegris during the 1st quarter worth approximately $4,870,000. Finally, Ground Swell Capital LLC purchased a new stake in shares of Entegris during the 1st quarter worth approximately $330,000.

Insiders Place Their Bets

In other news, SVP Clinton M. Haris sold 3,627 shares of the business’s stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $90.00, for a total transaction of $326,430.00. Following the completion of the transaction, the senior vice president directly owned 37,743 shares in the company, valued at $3,396,870. The trade was a 8.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Susan G. Rice sold 8,858 shares of Entegris stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $79.84, for a total transaction of $707,222.72. Following the sale, the senior vice president directly owned 56,912 shares of the company’s stock, valued at $4,543,854.08. This represents a 13.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is owned by insiders.

Entegris Stock Down 11.2%

ENTG opened at $83.64 on Friday. The company has a fifty day moving average price of $85.54 and a 200-day moving average price of $81.38. The firm has a market capitalization of $12.68 billion, a P/E ratio of 43.11 and a beta of 1.38. 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, Inc. has a one year low of $60.75 and a one year high of $112.36.

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

Entegris Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Wednesday, July 30th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Wednesday, July 30th. Entegris’s payout ratio is 20.62%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ENTG. Mizuho raised their price target on shares of Entegris from $100.00 to $108.00 and gave the stock an “outperform” rating in a research note on Friday, October 3rd. The Goldman Sachs Group started coverage on shares of Entegris in a research note on Thursday, July 10th. They issued a “neutral” rating and a $85.00 price objective for the company. UBS Group reduced their price objective on shares of Entegris from $95.00 to $90.00 and set a “neutral” rating for the company in a research note on Thursday, July 31st. Oppenheimer started coverage on shares of Entegris in a research note on Thursday, September 4th. They issued a “market perform” rating and a $95.00 price objective for the company. Finally, KeyCorp reiterated an “overweight” rating and issued a $103.00 price objective (down from $112.00) on shares of Entegris in a research note on Thursday, July 31st. Seven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Entegris has a consensus rating of “Moderate Buy” and a consensus price target of $106.30.

Entegris Company 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).