Pitcairn Co. Has $910,000 Stake in Entegris, Inc. (NASDAQ:ENTG)

Pitcairn Co. decreased its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 15.4% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 6,472 shares of the semiconductor company’s stock after selling 1,180 shares during the period. Pitcairn Co.’s holdings in Entegris were worth $910,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. ORG Partners LLC acquired a new position in shares of Entegris during the 1st quarter valued at about $33,000. Trust Co. of Vermont bought a new stake in Entegris during the 4th quarter valued at approximately $31,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Entegris during the 4th quarter valued at approximately $35,000. Quent Capital LLC boosted its stake in Entegris by 59.1% during the 4th quarter. Quent Capital LLC now owns 366 shares of the semiconductor company’s stock valued at $44,000 after purchasing an additional 136 shares during the period. Finally, Arlington Trust Co LLC bought a new stake in Entegris during the 4th quarter valued at approximately $46,000.

Insider Transactions at Entegris

In other news, SVP Clinton M. Haris sold 5,005 shares of the stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $124.74, for a total value of $624,323.70. Following the completion of the transaction, the senior vice president now directly owns 34,600 shares of the company’s stock, valued at approximately $4,316,004. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, SVP Clinton M. Haris sold 5,005 shares of the stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $124.74, for a total value of $624,323.70. Following the completion of the transaction, the senior vice president now directly owns 34,600 shares of the company’s stock, valued at approximately $4,316,004. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Olivier Blachier sold 1,986 shares of the stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $133.84, for a total value of $265,806.24. Following the completion of the transaction, the senior vice president now directly 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 ninety days, insiders sold 70,796 shares of company stock valued at $9,870,921. Corporate insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $160.00 target price on shares of Entegris in a research note on Wednesday, June 26th. Mizuho increased their target price on Entegris from $140.00 to $143.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Finally, Needham & Company LLC restated a “buy” rating and set a $150.00 target price on shares of Entegris in a research note on Monday, May 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Entegris presently has an average rating of “Moderate Buy” and a consensus price target of $149.80.

Entegris Stock Performance

Shares of ENTG stock traded down $1.09 during mid-day trading on Thursday, reaching $123.63. The stock had a trading volume of 1,913,475 shares, compared to its average volume of 1,415,390. The firm’s 50 day simple moving average is $134.07 and its 200 day simple moving average is $131.48. The company has a quick ratio of 2.02, a current ratio of 3.35 and a debt-to-equity ratio of 1.22. Entegris, Inc. has a one year low of $84.13 and a one year high of $147.57. The firm has a market cap of $18.64 billion, a PE ratio of 60.46, a P/E/G ratio of 1.50 and a beta of 1.25.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.07. Entegris had a return on equity of 11.94% and a net margin of 9.31%. The company had revenue of $771.03 million during the quarter, compared to the consensus estimate of $769.24 million. During the same quarter last year, the company earned $0.65 EPS. The company’s quarterly revenue was down 16.4% on a year-over-year basis. On average, analysts forecast that Entegris, Inc. will post 3.25 EPS for the current year.

Entegris Dividend Announcement

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 $0.10 dividend. The ex-dividend date is Wednesday, July 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.32%. Entegris’s payout ratio is presently 19.23%.

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).