1,682 Shares in Entegris, Inc. (NASDAQ:ENTG) Acquired by Ledyard National Bank

Ledyard National Bank bought a new position in shares of Entegris, Inc. (NASDAQ:ENTG) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,682 shares of the semiconductor company’s stock, valued at approximately $202,000.

A number of other large investors have also recently added to or reduced their stakes in ENTG. Legacy Financial Group LLC bought a new stake in Entegris during the third quarter worth approximately $30,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Entegris during the fourth quarter worth approximately $35,000. Quent Capital LLC boosted its holdings in Entegris by 59.1% during the fourth quarter. Quent Capital LLC now owns 366 shares of the semiconductor company’s stock worth $44,000 after buying an additional 136 shares in the last quarter. Arlington Trust Co LLC bought a new stake in Entegris during the fourth quarter worth approximately $46,000. Finally, GAMMA Investing LLC bought a new stake in Entegris during the fourth quarter worth approximately $101,000.

Entegris Stock Down 2.3 %

Entegris stock opened at $132.92 on Wednesday. The company has a market capitalization of $20.04 billion, a P/E ratio of 111.70 and a beta of 1.32. The firm’s fifty day simple moving average is $135.73 and its 200-day simple moving average is $118.70. The company has a current ratio of 3.85, a quick ratio of 2.67 and a debt-to-equity ratio of 1.35. Entegris, Inc. has a 1-year low of $72.96 and a 1-year high of $146.91.

Entegris (NASDAQ:ENTG) last released its quarterly earnings results on Tuesday, February 13th. The semiconductor company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. The business had revenue of $812.30 million for the quarter, compared to the consensus estimate of $780.95 million. Entegris had a net margin of 5.13% and a return on equity of 12.00%. Entegris’s revenue for the quarter was down 14.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.83 EPS. Sell-side analysts forecast that Entegris, Inc. will post 3.27 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 1st will be issued a $0.10 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $0.40 annualized dividend and a yield of 0.30%. Entegris’s dividend payout ratio (DPR) is presently 33.61%.

Insider Buying and Selling

In related news, CAO Michael Sauer sold 1,897 shares of Entegris stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $132.54, for a total value of $251,428.38. Following the transaction, the chief accounting officer now owns 1,779 shares in the company, valued at approximately $235,788.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Entegris news, SVP Michael Besnard sold 12,667 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $135.78, for a total value of $1,719,925.26. Following the sale, the senior vice president now directly owns 10,213 shares in the company, valued at approximately $1,386,721.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Michael Sauer sold 1,897 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $132.54, for a total transaction of $251,428.38. Following the completion of the sale, the chief accounting officer now owns 1,779 shares in the company, valued at $235,788.66. The disclosure for this sale can be found here. Insiders have sold 41,082 shares of company stock worth $5,606,849 in the last quarter. 0.67% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. The Goldman Sachs Group raised their price objective on shares of Entegris from $104.00 to $147.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. Needham & Company LLC reaffirmed a “buy” rating and issued a $150.00 price objective on shares of Entegris in a research note on Thursday, March 7th. KeyCorp raised their price objective on shares of Entegris from $136.00 to $164.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. StockNews.com lowered shares of Entegris from a “hold” rating to a “sell” rating in a research note on Thursday, February 22nd. Finally, UBS Group raised their price objective on shares of Entegris from $90.00 to $130.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $141.64.

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).