Edgestream Partners L.P. Makes New Investment in Entegris, Inc. (NASDAQ:ENTG)

Edgestream Partners L.P. acquired a new stake in Entegris, Inc. (NASDAQ:ENTG) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 35,300 shares of the semiconductor company’s stock, valued at approximately $4,780,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ENTG. Vanguard Personalized Indexing Management LLC lifted its position in Entegris by 36.0% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 5,281 shares of the semiconductor company’s stock valued at $633,000 after purchasing an additional 1,399 shares during the last quarter. Norges Bank bought a new stake in Entegris in the fourth quarter valued at approximately $278,727,000. PNC Financial Services Group Inc. lifted its position in Entegris by 30.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 39,928 shares of the semiconductor company’s stock valued at $4,784,000 after purchasing an additional 9,332 shares during the last quarter. Coldstream Capital Management Inc. raised its holdings in shares of Entegris by 98.0% during the fourth quarter. Coldstream Capital Management Inc. now owns 4,647 shares of the semiconductor company’s stock valued at $557,000 after acquiring an additional 2,300 shares in the last quarter. Finally, Clearbridge Investments LLC raised its holdings in shares of Entegris by 809.7% during the fourth quarter. Clearbridge Investments LLC now owns 226,368 shares of the semiconductor company’s stock valued at $27,123,000 after acquiring an additional 201,484 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ENTG. Needham & Company LLC restated a “buy” rating and set a $150.00 target price on shares of Entegris in a report on Thursday, August 1st. Mizuho upgraded Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 target price for the company in a report on Thursday, August 1st. Citigroup upgraded Entegris from a “neutral” rating to a “buy” rating and upped their target price for the company from $119.00 to $130.00 in a report on Monday. BMO Capital Markets decreased their target price on Entegris from $160.00 to $145.00 and set an “outperform” rating for the company in a report on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Entegris from $160.00 to $145.00 and set a “buy” rating for the company in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Entegris has a consensus rating of “Moderate Buy” and a consensus price target of $146.40.

Insider Transactions at Entegris

In related news, insider Daniel D. Woodland sold 15,000 shares of the 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 sale, the insider now directly owns 37,457 shares of the company’s stock, valued at $5,431,265. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Daniel D. Woodland sold 15,000 shares of the 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 sale, the insider now directly owns 37,457 shares of the company’s stock, valued at $5,431,265. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Bertrand Loy sold 27,044 shares of the stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $140.63, for a total value 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 approximately $36,995,252.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 57,044 shares of company stock valued at $8,078,198. Insiders own 0.67% of the company’s stock.

Entegris Price Performance

ENTG opened at $111.64 on Wednesday. The stock has a fifty day simple moving average of $117.50 and a two-hundred day simple moving average of $128.31. The company has a current ratio of 3.58, a quick ratio of 2.14 and a debt-to-equity ratio of 1.18. The company has a market cap of $16.83 billion, a price-to-earnings ratio of 53.67, a price-to-earnings-growth ratio of 1.49 and a beta of 1.24. Entegris, Inc. has a 12-month low of $84.13 and a 12-month high of $147.57.

Entegris (NASDAQ:ENTG) last released its earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $802.43 million. During the same period in the prior year, the firm posted $0.66 earnings per share. The company’s quarterly revenue was down 9.8% on a year-over-year basis. Research analysts predict that Entegris, Inc. will post 3.14 earnings per share for the current fiscal year.

Entegris Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, July 31st were paid a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.36%. Entegris’s dividend payout ratio is currently 19.23%.

About Entegris

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).