Diversified Trust Co Invests $851,000 in Entegris, Inc. (NASDAQ:ENTG)

Diversified Trust Co bought a new stake in shares of Entegris, Inc. (NASDAQ:ENTG) during the second quarter, HoldingsChannel.com reports. The fund bought 6,287 shares of the semiconductor company’s stock, valued at approximately $851,000.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Entegris by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 14,666,653 shares of the semiconductor company’s stock valued at $2,061,251,000 after buying an additional 112,638 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Entegris by 7.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,085,147 shares of the semiconductor company’s stock valued at $1,838,988,000 after purchasing an additional 916,420 shares in the last quarter. Norges Bank bought a new position in Entegris during the 4th quarter worth about $278,727,000. Earnest Partners LLC raised its holdings in shares of Entegris by 7.0% in the 1st quarter. Earnest Partners LLC now owns 1,847,065 shares of the semiconductor company’s stock valued at $259,587,000 after purchasing an additional 120,507 shares in the last quarter. Finally, BNP Paribas Asset Management Holding S.A. boosted its stake in shares of Entegris by 8.1% during the fourth quarter. BNP Paribas Asset Management Holding S.A. now owns 1,763,575 shares of the semiconductor company’s stock valued at $211,311,000 after purchasing an additional 132,447 shares in the last quarter.

Insider Buying and Selling

In other news, insider Daniel D. Woodland sold 15,000 shares of the firm’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $145.00, for a total value of $2,175,000.00. Following the sale, the insider now directly owns 37,457 shares in the company, valued at approximately $5,431,265. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Bertrand Loy sold 27,044 shares of the stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $140.63, for a total value of $3,803,197.72. Following the completion of the sale, the chief executive officer now directly owns 263,068 shares of the company’s stock, valued at $36,995,252.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel D. Woodland sold 15,000 shares of the company’s stock in a transaction on Thursday, July 11th. The shares were 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 owns 37,457 shares of the company’s stock, valued at approximately $5,431,265. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 70,796 shares of company stock worth $9,870,921. Company insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

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

Entegris Trading Down 2.3 %

ENTG traded down $2.53 during mid-day trading on Wednesday, hitting $106.13. 40,965 shares of the stock were exchanged, compared to its average volume of 1,548,423. The firm’s fifty day moving average is $128.87 and its two-hundred day moving average is $131.08. Entegris, Inc. has a 1-year low of $84.13 and a 1-year high of $147.57. The company has a market cap of $16.00 billion, a PE ratio of 52.24, a PEG ratio of 1.27 and a beta of 1.25. The company has a current ratio of 3.58, a quick ratio of 2.02 and a debt-to-equity ratio of 1.18.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.01. The business had revenue of $812.60 million for the quarter, compared to analysts’ expectations of $802.43 million. Entegris had a net margin of 5.61% and a return on equity of 12.03%. The business’s quarterly revenue was down 9.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.66 earnings per share. Equities analysts forecast that Entegris, Inc. will post 3.22 earnings per share for the current fiscal year.

Entegris Announces Dividend

The business also recently disclosed 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. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend is Wednesday, July 31st. Entegris’s dividend 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).