Entegris, Inc. $ENTG Shares Acquired by Citigroup Inc.

Citigroup Inc. lifted its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 37.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,040,349 shares of the semiconductor company’s stock after purchasing an additional 283,402 shares during the period. Citigroup Inc.’s holdings in Entegris were worth $83,904,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ENTG. Avantax Advisory Services Inc. lifted its holdings in Entegris by 43.4% during the 2nd quarter. Avantax Advisory Services Inc. now owns 28,433 shares of the semiconductor company’s stock worth $2,293,000 after buying an additional 8,612 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Entegris by 487.2% during the 2nd quarter. SG Americas Securities LLC now owns 54,036 shares of the semiconductor company’s stock valued at $4,358,000 after acquiring an additional 44,834 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Entegris by 7.7% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 38,899 shares of the semiconductor company’s stock worth $3,137,000 after purchasing an additional 2,773 shares during the last quarter. Fiera Capital Corp lifted its stake in Entegris by 25.1% during the second quarter. Fiera Capital Corp now owns 670,664 shares of the semiconductor company’s stock worth $54,089,000 after purchasing an additional 134,482 shares during the last quarter. Finally, ABN Amro Investment Solutions acquired a new position in Entegris in the second quarter worth $2,897,000.

Insider Activity

In related news, SVP Olivier Blachier sold 488 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $77.43, for a total value of $37,785.84. Following the completion of the sale, the senior vice president owned 14,124 shares of the company’s stock, valued at $1,093,621.32. This represents a 3.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Joseph Colella sold 3,577 shares of the firm’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $88.41, for a total transaction of $316,242.57. Following the transaction, the senior vice president directly owned 34,364 shares in the company, valued at approximately $3,038,121.24. The trade was a 9.43% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on ENTG shares. Mizuho increased their target price on shares of Entegris from $100.00 to $108.00 and gave the stock an “outperform” rating in a report on Friday, October 3rd. KeyCorp reissued an “overweight” rating and issued a $103.00 target price (down previously from $112.00) on shares of Entegris in a report on Thursday, July 31st. Oppenheimer started coverage on Entegris in a research note on Thursday, September 4th. They issued a “market perform” rating and a $95.00 target price for the company. Zacks Research cut Entegris from a “hold” rating to a “strong sell” rating in a research report on Monday, November 3rd. Finally, Wall Street Zen upgraded Entegris from a “sell” rating to a “hold” rating in a research report on Friday, October 3rd. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $97.57.

Entegris Price Performance

Shares of NASDAQ:ENTG opened at $72.76 on Wednesday. The firm’s 50 day moving average is $89.98 and its two-hundred day moving average is $83.77. The firm has a market capitalization of $11.03 billion, a P/E ratio of 37.51 and a beta of 1.39. The company has a current ratio of 3.30, a quick ratio of 1.95 and a debt-to-equity ratio of 1.04. Entegris, Inc. has a 52 week low of $60.75 and a 52 week high of $112.36.

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

Entegris Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 19th. Investors of record on Wednesday, October 29th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Wednesday, October 29th. Entegris’s payout ratio is currently 21.16%.

Entegris Company 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).