TimesSquare Capital Management LLC lessened its holdings in shares of Entegris Inc (NASDAQ:ENTG) by 15.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,727,200 shares of the semiconductor company’s stock after selling 505,200 shares during the quarter. TimesSquare Capital Management LLC’s holdings in Entegris were worth $101,779,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of ENTG. Berman Capital Advisors LLC increased its stake in Entegris by 4.5% in the 1st quarter. Berman Capital Advisors LLC now owns 6,579 shares of the semiconductor company’s stock worth $234,000 after acquiring an additional 286 shares during the last quarter. Rehmann Capital Advisory Group increased its stake in Entegris by 21.3% in the 1st quarter. Rehmann Capital Advisory Group now owns 1,836 shares of the semiconductor company’s stock worth $66,000 after acquiring an additional 322 shares during the last quarter. Bridge City Capital LLC increased its stake in Entegris by 0.5% in the 2nd quarter. Bridge City Capital LLC now owns 68,813 shares of the semiconductor company’s stock worth $2,568,000 after acquiring an additional 339 shares during the last quarter. FTB Advisors Inc. increased its stake in Entegris by 41.9% in the 1st quarter. FTB Advisors Inc. now owns 1,445 shares of the semiconductor company’s stock worth $51,000 after acquiring an additional 427 shares during the last quarter. Finally, Sumitomo Life Insurance Co. increased its stake in Entegris by 2.9% in the 2nd quarter. Sumitomo Life Insurance Co. now owns 20,297 shares of the semiconductor company’s stock worth $757,000 after acquiring an additional 567 shares during the last quarter.
In other news, CFO Gregory B. Graves sold 25,974 shares of Entegris stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $45.00, for a total value of $1,168,830.00. Following the completion of the transaction, the chief financial officer now owns 74,521 shares in the company, valued at approximately $3,353,445. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP William James Shaner sold 22,544 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $44.21, for a total value of $996,670.24. Following the transaction, the senior vice president now owns 49,830 shares of the company’s stock, valued at approximately $2,202,984.30. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.
Entegris (NASDAQ:ENTG) last announced its earnings results on Thursday, July 25th. The semiconductor company reported $0.39 EPS for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.04). The company had revenue of $378.90 million during the quarter, compared to analysts’ expectations of $382.02 million. Entegris had a return on equity of 24.13% and a net margin of 18.18%. Entegris’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.49 EPS. As a group, analysts anticipate that Entegris Inc will post 1.91 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 21st. Stockholders of record on Wednesday, July 31st will be issued a $0.08 dividend. This is a boost from Entegris’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Tuesday, July 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.76%. Entegris’s payout ratio is 16.93%.
ENTG has been the topic of a number of research reports. CL King initiated coverage on Entegris in a research note on Thursday, June 20th. They issued a “buy” rating and a $44.00 price objective on the stock. Zacks Investment Research downgraded Entegris from a “hold” rating to a “sell” rating in a research note on Tuesday, June 25th. Citigroup set a $45.00 price objective on Entegris and gave the stock a “hold” rating in a research note on Friday, July 26th. BidaskClub raised Entegris from a “buy” rating to a “strong-buy” rating in a research note on Friday. Finally, Goldman Sachs Group raised Entegris from a “neutral” rating to a “buy” rating and set a $44.00 price objective on the stock in a research note on Monday, June 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $44.50.
Entegris Company Profile
Entegris, Inc develops, manufactures, and supplies micro contamination control products, specialty chemicals, and advanced materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries worldwide. It operates through three segments: Specialty Chemicals and Engineered Materials (SCEM); Microcontamination Control (MC); and Advanced Materials Handling (AMH).
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