Sei Investments Co. Trims Holdings in Entegris Inc (NASDAQ:ENTG)

Sei Investments Co. reduced its stake in shares of Entegris Inc (NASDAQ:ENTG) by 22.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 200,895 shares of the semiconductor company’s stock after selling 58,934 shares during the quarter. Sei Investments Co. owned about 0.15% of Entegris worth $11,873,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Rockefeller Capital Management L.P. lifted its position in shares of Entegris by 47.1% during the first quarter. Rockefeller Capital Management L.P. now owns 731 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 234 shares during the last quarter. FDx Advisors Inc. grew its stake in shares of Entegris by 2,087.0% during the first quarter. FDx Advisors Inc. now owns 115,059 shares of the semiconductor company’s stock worth $59,000 after acquiring an additional 109,798 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of Entegris during the first quarter worth about $74,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Entegris by 12.1% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,058 shares of the semiconductor company’s stock worth $92,000 after purchasing an additional 222 shares during the period. Finally, Creative Financial Designs Inc. ADV acquired a new stake in shares of Entegris during the second quarter worth about $166,000. 97.81% of the stock is owned by institutional investors and hedge funds.

In other news, CEO Bertrand Loy sold 118,520 shares of the stock in a transaction on Friday, July 31st. The stock was sold at an average price of $71.80, for a total transaction of $8,509,736.00. Following the completion of the transaction, the chief executive officer now directly owns 834,699 shares in the company, valued at approximately $59,931,388.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.70% of the company’s stock.

ENTG has been the subject of a number of analyst reports. Craig Hallum downgraded Entegris from a “buy” rating to a “hold” rating and boosted their price target for the company from $58.00 to $66.00 in a report on Friday, July 24th. They noted that the move was a valuation call. Loop Capital boosted their price target on Entegris from $63.00 to $181.00 in a report on Monday, August 3rd. BidaskClub cut shares of Entegris from a “buy” rating to a “hold” rating in a research note on Tuesday, August 25th. Citigroup upped their price objective on shares of Entegris from $58.00 to $68.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Finally, Deutsche Bank lifted their price target on Entegris from $58.00 to $65.00 in a research note on Friday, July 24th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $83.14.

NASDAQ ENTG opened at $69.67 on Wednesday. The stock has a market cap of $9.30 billion, a PE ratio of 41.31 and a beta of 1.26. The company has a current ratio of 5.00, a quick ratio of 3.60 and a debt-to-equity ratio of 0.96. Entegris Inc has a twelve month low of $38.12 and a twelve month high of $74.28. The stock has a fifty day simple moving average of $69.19 and a 200-day simple moving average of $58.24.

Entegris (NASDAQ:ENTG) last released its quarterly earnings results on Thursday, July 23rd. The semiconductor company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.11. The business had revenue of $448.40 million during the quarter, compared to analysts’ expectations of $417.42 million. Entegris had a return on equity of 25.58% and a net margin of 13.51%. The company’s revenue was up 18.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.39 EPS. Research analysts predict that Entegris Inc will post 2.38 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders of record on Wednesday, July 29th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend was Tuesday, July 28th. Entegris’s dividend payout ratio is presently 16.58%.

Entegris 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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Institutional Ownership by Quarter for Entegris (NASDAQ:ENTG)

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