Louisbourg Investments Inc. Grows Stock Holdings in Entegris, Inc. $ENTG

Louisbourg Investments Inc. boosted its holdings in Entegris, Inc. (NASDAQ:ENTG) by 10.1% in the second quarter, Holdings Channel reports. The institutional investor owned 34,825 shares of the semiconductor company’s stock after acquiring an additional 3,185 shares during the quarter. Louisbourg Investments Inc.’s holdings in Entegris were worth $2,809,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Callan Family Office LLC grew its stake in Entegris by 212.4% in the 2nd quarter. Callan Family Office LLC now owns 8,557 shares of the semiconductor company’s stock valued at $690,000 after buying an additional 5,818 shares in the last quarter. Narwhal Capital Management increased its holdings in Entegris by 37.9% during the 2nd quarter. Narwhal Capital Management now owns 56,697 shares of the semiconductor company’s stock worth $4,573,000 after acquiring an additional 15,572 shares during the period. Louisiana State Employees Retirement System increased its holdings in Entegris by 0.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 42,600 shares of the semiconductor company’s stock worth $3,436,000 after acquiring an additional 300 shares during the period. KLP Kapitalforvaltning AS increased its holdings in Entegris by 2.1% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 48,500 shares of the semiconductor company’s stock worth $3,912,000 after acquiring an additional 1,000 shares during the period. Finally, Fenimore Asset Management Inc increased its holdings in Entegris by 5.1% during the 2nd quarter. Fenimore Asset Management Inc now owns 547,883 shares of the semiconductor company’s stock worth $44,187,000 after acquiring an additional 26,806 shares during the period.

Insiders Place Their Bets

In related news, SVP Susan G. Rice sold 8,858 shares of the company’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $79.84, for a total transaction of $707,222.72. Following the completion of the sale, the senior vice president directly owned 56,912 shares in the company, valued at $4,543,854.08. This represents a 13.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Clinton M. Haris sold 3,627 shares of the company’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 sale, the senior vice president owned 37,743 shares of the company’s stock, valued at $3,396,870. This represents a 8.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company’s stock.

Entegris Price Performance

Shares of Entegris stock opened at $83.64 on Friday. Entegris, Inc. has a 52-week low of $60.75 and a 52-week high of $112.36. The stock has a market capitalization of $12.68 billion, a price-to-earnings ratio of 43.11 and a beta of 1.38. The company has a fifty day moving average of $85.54 and a 200-day moving average of $81.38. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.95 and a current ratio of 3.30.

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

Entegris Dividend Announcement

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

Analysts Set New Price Targets

ENTG has been the topic of a number of analyst reports. Zacks Research raised shares of Entegris from a “strong sell” rating to a “hold” rating in a report on Friday, October 3rd. The Goldman Sachs Group initiated coverage on shares of Entegris in a report on Thursday, July 10th. They set a “neutral” rating and a $85.00 target price on the stock. Mizuho upped their target price on shares of Entegris from $100.00 to $108.00 and gave the stock an “outperform” rating in a report on Friday, October 3rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Entegris in a report on Wednesday. Finally, Oppenheimer began coverage on shares of Entegris in a report on Thursday, September 4th. They set a “market perform” rating and a $95.00 target price on the stock. Seven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $106.30.

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).