DNB Asset Management AS Buys 600 Shares of Entegris, Inc. (NASDAQ:ENTG)

DNB Asset Management AS grew its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 2.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,053 shares of the semiconductor company’s stock after buying an additional 600 shares during the period. DNB Asset Management AS’s holdings in Entegris were worth $3,121,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Trust Co. of Vermont bought a new position in shares of Entegris during the 4th quarter valued at about $31,000. ORG Partners LLC bought a new stake in Entegris in the 1st quarter valued at approximately $33,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Entegris during the 4th quarter worth approximately $35,000. Arlington Trust Co LLC acquired a new position in shares of Entegris during the 4th quarter worth approximately $46,000. Finally, VisionPoint Advisory Group LLC acquired a new position in shares of Entegris during the 4th quarter worth approximately $66,000.

Entegris Stock Performance

ENTG traded up $0.29 during trading on Tuesday, hitting $102.17. The stock had a trading volume of 4,472,386 shares, compared to its average volume of 1,537,625. The company has a 50 day moving average price of $131.78 and a 200-day moving average price of $131.83. The firm has a market cap of $15.43 billion, a price-to-earnings ratio of 49.12, a P/E/G ratio of 1.27 and a beta of 1.25. Entegris, Inc. has a one year low of $84.13 and a one year high of $147.57. 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 (NASDAQ:ENTG) last released its earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.01. The firm had revenue of $812.60 million during the quarter, compared to the consensus estimate of $802.43 million. Entegris had a return on equity of 12.03% and a net margin of 5.61%. The company’s revenue was down 9.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.66 EPS. As a group, research analysts predict that Entegris, Inc. will post 3.22 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 given 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 0.39%. Entegris’s payout ratio is 19.23%.

Insider Activity

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

Analyst Upgrades and Downgrades

ENTG has been the topic of a number of recent analyst reports. Mizuho raised Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 target price on the stock in a report on Thursday, August 1st. Needham & Company LLC reissued a “buy” rating and set a $150.00 target price on shares of Entegris in a report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft decreased their target price on Entegris from $160.00 to $145.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Finally, BMO Capital Markets decreased their target price on Entegris from $160.00 to $145.00 and set an “outperform” rating on the stock in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Entegris currently has a consensus rating of “Moderate Buy” and a consensus target price of $146.80.

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).