Entegris, Inc. (NASDAQ:ENTG) Shares Acquired by Fulton Bank N.A.

Fulton Bank N.A. lifted its holdings in Entegris, Inc. (NASDAQ:ENTG) by 0.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,703 shares of the semiconductor company’s stock after buying an additional 108 shares during the period. Fulton Bank N.A.’s holdings in Entegris were worth $1,585,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Needham & Company LLC restated a “buy” rating and issued a $150.00 price objective on shares of Entegris in a report on Thursday, August 1st. Mizuho upgraded shares of Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 price objective for the company in a report on Thursday, August 1st. BMO Capital Markets dropped their price objective on shares of Entegris from $160.00 to $145.00 and set an “outperform” rating for the company in a report on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Entegris from $160.00 to $145.00 and set a “buy” rating for the company in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $146.80.

Insider Transactions at Entegris

In other news, insider Daniel D. Woodland sold 15,000 shares of the company’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $145.00, for a total transaction of $2,175,000.00. Following the transaction, the insider now directly owns 37,457 shares of the company’s stock, valued at approximately $5,431,265. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Daniel D. Woodland sold 15,000 shares of the company’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $145.00, for a total transaction of $2,175,000.00. Following the transaction, the insider now directly owns 37,457 shares of the company’s stock, valued at approximately $5,431,265. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Bertrand Loy sold 27,044 shares of the stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $140.63, for a total transaction of $3,803,197.72. Following the completion of the sale, the chief executive officer now directly owns 263,068 shares in the company, valued at $36,995,252.84. The disclosure for this sale can be found here. Insiders have sold a total of 70,796 shares of company stock valued at $9,870,921 in the last ninety days. 0.67% of the stock is currently owned by company insiders.

Entegris Stock Performance

ENTG stock traded up $0.29 on Tuesday, hitting $102.17. The company’s stock had a trading volume of 4,472,400 shares, compared to its average volume of 1,537,625. The firm has a 50 day moving average of $131.19 and a two-hundred day moving average of $131.70. Entegris, Inc. has a 1 year low of $84.13 and a 1 year high of $147.57. The stock has a market cap of $15.43 billion, a price-to-earnings ratio of 49.12, a price-to-earnings-growth ratio of 1.27 and a beta of 1.25. The company has a current ratio of 3.58, a quick ratio of 2.02 and a debt-to-equity ratio of 1.18.

Entegris (NASDAQ:ENTG) last released its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.70 by $0.01. Entegris had a net margin of 5.61% and a return on equity of 12.03%. The firm had revenue of $812.60 million during the quarter, compared to the consensus estimate of $802.43 million. During the same quarter in the prior year, the firm earned $0.66 EPS. Entegris’s revenue for the quarter was down 9.8% on a year-over-year basis. Equities analysts predict that Entegris, Inc. will post 3.22 EPS for the current fiscal year.

Entegris Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 21st. Shareholders of record on Wednesday, July 31st will be given 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 0.39%. Entegris’s payout ratio is currently 19.23%.

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).