PNC Financial Services Group Inc. Has $1.63 Million Stock Position in Entegris, Inc. $ENTG

PNC Financial Services Group Inc. cut its holdings in Entegris, Inc. (NASDAQ:ENTG) by 25.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,202 shares of the semiconductor company’s stock after selling 6,947 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Entegris were worth $1,629,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Alpine Bank Wealth Management lifted its holdings in shares of Entegris by 73.7% in the second quarter. Alpine Bank Wealth Management now owns 311 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 132 shares during the last quarter. Costello Asset Management INC bought a new position in Entegris in the 1st quarter valued at approximately $26,000. Rise Advisors LLC acquired a new stake in Entegris in the first quarter valued at approximately $26,000. Summit Securities Group LLC bought a new stake in shares of Entegris during the first quarter worth $36,000. Finally, SVB Wealth LLC acquired a new position in shares of Entegris during the first quarter worth $43,000.

Insider Buying and Selling at Entegris

In other Entegris news, SVP Joseph Colella sold 3,577 shares of the stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $88.41, for a total transaction of $316,242.57. Following the completion of the sale, the senior vice president directly owned 34,364 shares in the company, valued at approximately $3,038,121.24. This trade represents a 9.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Olivier Blachier sold 488 shares of Entegris stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $77.43, for a total value of $37,785.84. Following the completion of the transaction, the senior vice president directly owned 14,124 shares of the company’s stock, valued at approximately $1,093,621.32. This trade represents a 3.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.67% of the company’s stock.

Entegris Trading Up 1.4%

NASDAQ ENTG opened at $73.76 on Thursday. The business’s 50-day moving average price is $89.87 and its two-hundred day moving average price is $83.70. Entegris, Inc. has a 12 month low of $60.75 and a 12 month high of $112.36. The firm has a market capitalization of $11.18 billion, a PE ratio of 38.02 and a beta of 1.39. The company has a current ratio of 3.30, a quick ratio of 1.95 and a debt-to-equity ratio of 1.04.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings data on Wednesday, July 6th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter. The company had revenue of $512.84 million during the quarter. Entegris had a return on equity of 12.05% and a net margin of 9.17%. On average, 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, November 19th. Stockholders of record on Wednesday, October 29th were given a $0.10 dividend. The ex-dividend date was Wednesday, October 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. Entegris’s payout ratio is 21.16%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ENTG shares. Oppenheimer initiated coverage on Entegris in a research note on Thursday, September 4th. They issued a “market perform” rating and a $95.00 price target for the company. Zacks Research cut Entegris from a “hold” rating to a “strong sell” rating in a report on Monday, November 3rd. Mizuho increased their target price on Entegris from $100.00 to $108.00 and gave the company an “outperform” rating in a research report on Friday, October 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Entegris in a report on Thursday, November 13th. Finally, KeyCorp reiterated an “overweight” rating and issued a $103.00 price objective (down previously from $112.00) on shares of Entegris in a report on Thursday, July 31st. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $97.57.

About Entegris

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).