Entegris, Inc. $ENTG Holdings Cut by IFP Advisors Inc

IFP Advisors Inc lowered its holdings in Entegris, Inc. (NASDAQ:ENTG) by 11.4% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,036 shares of the semiconductor company’s stock after selling 262 shares during the period. IFP Advisors Inc’s holdings in Entegris were worth $164,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Mackenzie Financial Corp lifted its holdings in Entegris by 61.4% in the first quarter. Mackenzie Financial Corp now owns 8,891 shares of the semiconductor company’s stock worth $778,000 after acquiring an additional 3,382 shares during the last quarter. Compass Wealth Management LLC bought a new position in Entegris in the first quarter worth about $1,614,000. Sequoia Financial Advisors LLC raised its holdings in shares of Entegris by 11.5% during the first quarter. Sequoia Financial Advisors LLC now owns 2,767 shares of the semiconductor company’s stock valued at $242,000 after buying an additional 285 shares during the last quarter. New York State Teachers Retirement System bought a new stake in shares of Entegris during the first quarter valued at approximately $4,870,000. Finally, Ground Swell Capital LLC bought a new stake in shares of Entegris during the first quarter valued at approximately $330,000.

Entegris Price Performance

NASDAQ ENTG opened at $90.94 on Friday. Entegris, Inc. has a 12 month low of $60.75 and a 12 month high of $112.36. The company has a debt-to-equity ratio of 1.04, a current ratio of 3.30 and a quick ratio of 1.95. The firm has a market capitalization of $13.79 billion, a PE ratio of 46.88 and a beta of 1.38. The company’s 50 day simple moving average is $87.40 and its 200 day simple moving average is $81.46.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings results on Wednesday, July 6th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter. The firm had revenue of $512.84 million for the quarter. Entegris had a net margin of 9.17% and a return on equity of 12.05%. As a group, equities research analysts forecast that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 19th. Shareholders of record on Wednesday, October 29th will be given a $0.10 dividend. The ex-dividend date is Wednesday, October 29th. This represents a $0.40 annualized dividend and a yield of 0.4%. Entegris’s payout ratio is 20.62%.

Wall Street Analysts Forecast Growth

ENTG has been the topic of a number of recent analyst reports. Wall Street Zen raised Entegris from a “sell” rating to a “hold” rating in a report on Friday, October 3rd. Mizuho lifted their price target on Entegris from $100.00 to $108.00 and gave the company an “outperform” rating in a report on Friday, October 3rd. KeyCorp reaffirmed an “overweight” rating and set a $103.00 price target (down previously from $112.00) on shares of Entegris in a report on Thursday, July 31st. Oppenheimer initiated coverage on Entegris in a report on Thursday, September 4th. They set a “market perform” rating and a $95.00 price target on the stock. Finally, UBS Group cut their price target on Entegris from $95.00 to $90.00 and set a “neutral” rating on the stock in a report on Thursday, July 31st. Seven analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $106.30.

Insider Transactions at Entegris

In other Entegris news, SVP Susan G. Rice sold 8,858 shares of Entegris stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $79.84, for a total value of $707,222.72. Following the transaction, the senior vice president owned 56,912 shares in the company, valued at approximately $4,543,854.08. The trade was a 13.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.67% of the company’s stock.

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).