Blair William & Co. IL Has $871,000 Position in Entegris, Inc. (NASDAQ:ENTG)

Blair William & Co. IL reduced its holdings in Entegris, Inc. (NASDAQ:ENTG) by 11.7% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 9,958 shares of the semiconductor company’s stock after selling 1,317 shares during the quarter. Blair William & Co. IL’s holdings in Entegris were worth $871,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Bank of Montreal Can boosted its position in shares of Entegris by 6.1% during the fourth quarter. Bank of Montreal Can now owns 115,322 shares of the semiconductor company’s stock worth $11,424,000 after purchasing an additional 6,605 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of Entegris during the fourth quarter worth $7,549,000. F M Investments LLC bought a new position in shares of Entegris during the fourth quarter worth $285,000. Capital Fund Management S.A. bought a new position in shares of Entegris during the fourth quarter worth $2,887,000. Finally, Treasurer of the State of North Carolina boosted its position in shares of Entegris by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 66,217 shares of the semiconductor company’s stock worth $6,559,000 after purchasing an additional 420 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ENTG shares. Needham & Company LLC reissued a “buy” rating and set a $100.00 price target on shares of Entegris in a research report on Tuesday, May 20th. Mizuho boosted their price objective on shares of Entegris from $90.00 to $98.00 and gave the company an “outperform” rating in a research report on Tuesday, July 15th. Citigroup cut their price objective on shares of Entegris from $125.00 to $102.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. KeyCorp reaffirmed an “overweight” rating and issued a $103.00 price objective (down from $112.00) on shares of Entegris in a research report on Thursday, July 31st. Finally, UBS Group cut their price objective on shares of Entegris from $95.00 to $90.00 and set a “neutral” rating on the stock in a research report on Thursday, July 31st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $106.44.

Insider Buying and Selling at Entegris

In other news, SVP Clinton M. Haris sold 3,627 shares of the business’s stock in a transaction dated Thursday, July 17th. The shares were sold at an average price of $90.00, for a total transaction of $326,430.00. Following the transaction, the senior vice president directly owned 37,743 shares in the company, valued at $3,396,870. The trade was a 8.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.61% of the stock is owned by corporate insiders.

Entegris Trading Down 0.4%

Shares of NASDAQ:ENTG opened at $73.14 on Monday. The company’s 50-day moving average price is $81.55 and its two-hundred day moving average price is $85.71. The company has a debt-to-equity ratio of 1.04, a current ratio of 3.30 and a quick ratio of 1.95. Entegris, Inc. has a one year low of $60.75 and a one year high of $119.95. The stock has a market capitalization of $11.09 billion, a PE ratio of 37.70 and a beta of 1.22.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.65 by $0.01. Entegris had a net margin of 9.17% and a return on equity of 12.05%. The firm had revenue of $792.40 million for the quarter, compared to analysts’ expectations of $753.85 million. During the same period in the previous year, the firm posted $0.71 EPS. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. On average, equities analysts forecast that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 20th. Stockholders of record on Wednesday, July 30th will be paid a dividend of $0.10 per share. The ex-dividend date is Wednesday, July 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. Entegris’s payout ratio is currently 20.62%.

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).