Mount Yale Investment Advisors LLC Lowers Stock Position in Entegris, Inc. (NASDAQ:ENTG)

Mount Yale Investment Advisors LLC lowered its position in Entegris, Inc. (NASDAQ:ENTG) by 2.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,534 shares of the semiconductor company’s stock after selling 155 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Entegris were worth $1,059,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of ENTG. Inspire Advisors LLC increased its position in shares of Entegris by 1.3% in the first quarter. Inspire Advisors LLC now owns 5,785 shares of the semiconductor company’s stock valued at $813,000 after buying an additional 77 shares in the last quarter. Commerce Bank increased its holdings in Entegris by 0.6% in the 4th quarter. Commerce Bank now owns 13,725 shares of the semiconductor company’s stock worth $1,645,000 after acquiring an additional 86 shares in the last quarter. Manchester Capital Management LLC raised its position in Entegris by 19.1% during the fourth quarter. Manchester Capital Management LLC now owns 599 shares of the semiconductor company’s stock worth $72,000 after acquiring an additional 96 shares during the period. Allworth Financial LP raised its position in shares of Entegris by 7.3% during the 4th quarter. Allworth Financial LP now owns 1,463 shares of the semiconductor company’s stock worth $175,000 after purchasing an additional 100 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its holdings in Entegris by 5.3% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,105 shares of the semiconductor company’s stock worth $253,000 after buying an additional 105 shares during the last quarter.

Entegris Trading Up 0.8 %

Shares of Entegris stock traded up $1.06 on Monday, reaching $127.78. The company had a trading volume of 1,251,527 shares, compared to its average volume of 1,415,066. The firm’s 50 day moving average price is $133.88 and its two-hundred day moving average price is $131.79. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.02 and a current ratio of 3.35. Entegris, Inc. has a 52-week low of $84.13 and a 52-week high of $147.57. The firm has a market cap of $19.27 billion, a PE ratio of 60.92, a PEG ratio of 1.44 and a beta of 1.25.

Entegris (NASDAQ:ENTG) last released its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.07. The company had revenue of $771.03 million for the quarter, compared to analysts’ expectations of $769.24 million. Entegris had a return on equity of 11.94% and a net margin of 9.31%. The firm’s revenue was down 16.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.65 earnings per share. Sell-side analysts predict that Entegris, Inc. will post 3.25 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 21st. Shareholders of record on Wednesday, July 31st will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $0.40 dividend on an annualized basis and a yield of 0.31%. Entegris’s dividend payout ratio (DPR) is presently 19.23%.

Insider Transactions at Entegris

In related news, CEO Bertrand Loy sold 27,044 shares of the business’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $140.63, for a total transaction of $3,803,197.72. Following the completion of the transaction, the chief executive officer now directly owns 263,068 shares of the company’s stock, valued at approximately $36,995,252.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Entegris news, CEO Bertrand Loy sold 27,044 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $140.63, for a total value of $3,803,197.72. Following the completion of the sale, the chief executive officer now owns 263,068 shares in the company, valued at $36,995,252.84. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Daniel D. Woodland sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $140.00, for a total value of $2,100,000.00. Following the sale, the insider now directly owns 37,457 shares of the company’s stock, valued at $5,243,980. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 70,796 shares of company stock valued at $9,870,921. 0.67% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ENTG shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $150.00 price target on shares of Entegris in a research note on Monday, May 13th. Mizuho increased their price objective on shares of Entegris from $140.00 to $143.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $160.00 price target on shares of Entegris in a research report on Wednesday, June 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Entegris presently has an average rating of “Moderate Buy” and an average target price of $149.80.

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).