Park Avenue Securities LLC Has $4.43 Million Holdings in Entegris, Inc. (NASDAQ:ENTG)

Park Avenue Securities LLC boosted its holdings in Entegris, Inc. (NASDAQ:ENTG) by 3.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,701 shares of the semiconductor company’s stock after buying an additional 978 shares during the quarter. Park Avenue Securities LLC’s holdings in Entegris were worth $4,428,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of ENTG. Fulton Bank N.A. increased its holdings in Entegris by 0.9% in the second quarter. Fulton Bank N.A. now owns 11,703 shares of the semiconductor company’s stock worth $1,585,000 after purchasing an additional 108 shares in the last quarter. DNB Asset Management AS increased its holdings in Entegris by 2.7% in the second quarter. DNB Asset Management AS now owns 23,053 shares of the semiconductor company’s stock worth $3,121,000 after purchasing an additional 600 shares in the last quarter. GAMMA Investing LLC increased its holdings in Entegris by 31.4% in the second quarter. GAMMA Investing LLC now owns 1,499 shares of the semiconductor company’s stock worth $203,000 after purchasing an additional 358 shares in the last quarter. DekaBank Deutsche Girozentrale increased its holdings in Entegris by 13.8% in the first quarter. DekaBank Deutsche Girozentrale now owns 594,853 shares of the semiconductor company’s stock worth $82,569,000 after purchasing an additional 72,088 shares in the last quarter. Finally, Cetera Advisors LLC increased its holdings in Entegris by 171.6% in the first quarter. Cetera Advisors LLC now owns 7,237 shares of the semiconductor company’s stock worth $1,017,000 after purchasing an additional 4,572 shares in the last quarter.

Insider Activity 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 sale, the chief executive officer now directly owns 263,068 shares in the company, valued at approximately $36,995,252.84. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Bertrand Loy sold 27,044 shares of the business’s stock in a transaction dated 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 in the company, valued at $36,995,252.84. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Olivier Blachier sold 1,986 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $133.84, for a total value of $265,806.24. Following the transaction, the senior vice president now owns 12,356 shares of the company’s stock, valued at $1,653,727.04. The disclosure for this sale can be found here. In the last three months, insiders have sold 70,796 shares of company stock worth $9,870,921. 0.67% of the stock is owned by company insiders.

Entegris Stock Performance

Shares of ENTG traded down $4.08 during mid-day trading on Wednesday, hitting $98.09. The stock had a trading volume of 3,269,033 shares, compared to its average volume of 1,549,085. The firm has a market cap of $14.79 billion, a P/E ratio of 47.16, a PEG ratio of 1.27 and a beta of 1.25. The business has a fifty day moving average price of $131.19 and a 200-day moving average price of $131.70. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.58 and a quick ratio of 2.02. Entegris, Inc. has a 52 week low of $84.13 and a 52 week high of $147.57.

Entegris (NASDAQ:ENTG) last issued its earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.01. Entegris had a return on equity of 12.03% and a net margin of 5.61%. The firm had revenue of $812.60 million for the quarter, compared to analyst estimates of $802.43 million. During the same period in the previous year, the company posted $0.66 earnings per share. The business’s revenue was down 9.8% on a year-over-year basis. On average, equities research analysts expect that Entegris, Inc. will post 3.22 EPS for the current year.

Entegris Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 21st. Investors of record on Wednesday, July 31st will be paid a dividend of $0.10 per share. The ex-dividend date is Wednesday, July 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.41%. Entegris’s payout ratio is 19.23%.

Wall Street Analyst Weigh In

A number of brokerages have commented on ENTG. Needham & Company LLC reissued a “buy” rating and issued a $150.00 price objective on shares of Entegris in a research note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft cut their target price on Entegris from $160.00 to $145.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Mizuho raised Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 target price on the stock in a research report on Thursday, August 1st. Finally, BMO Capital Markets cut their price objective on Entegris from $160.00 to $145.00 and set an “outperform” rating on the stock in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $146.80.

Entegris Company 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).