NumerixS Investment Technologies Inc acquired a new position in Entegris Inc (NASDAQ:ENTG) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,800 shares of the semiconductor company’s stock, valued at approximately $254,000.
Several other large investors have also added to or reduced their stakes in the company. ETRADE Capital Management LLC increased its stake in shares of Entegris by 4.2% in the second quarter. ETRADE Capital Management LLC now owns 36,463 shares of the semiconductor company’s stock worth $1,361,000 after acquiring an additional 1,473 shares during the period. MML Investors Services LLC grew its position in Entegris by 18.2% during the second quarter. MML Investors Services LLC now owns 6,864 shares of the semiconductor company’s stock valued at $256,000 after buying an additional 1,059 shares during the period. Meadow Creek Investment Management LLC acquired a new stake in Entegris during the second quarter valued at $142,000. Glen Harbor Capital Management LLC acquired a new stake in Entegris during the second quarter valued at $181,000. Finally, Elkfork Partners LLC acquired a new stake in Entegris during the second quarter valued at $220,000.
ENTG traded up $0.04 during midday trading on Thursday, hitting $47.63. 282,022 shares of the company traded hands, compared to its average volume of 722,458. The company has a current ratio of 4.87, a quick ratio of 3.66 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $6.39 billion, a price-to-earnings ratio of 25.20 and a beta of 1.37. Entegris Inc has a 52-week low of $23.39 and a 52-week high of $48.00. The business has a 50 day simple moving average of $43.06 and a two-hundred day simple moving average of $38.85.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, July 31st were paid a $0.08 dividend. This is an increase from Entegris’s previous quarterly dividend of $0.07. This represents a $0.32 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend was Tuesday, July 30th. Entegris’s dividend payout ratio (DPR) is currently 16.93%.
Several analysts recently commented on ENTG shares. Citigroup set a $45.00 price target on shares of Entegris and gave the company a “hold” rating in a research report on Friday, July 26th. CL King started coverage on shares of Entegris in a research report on Thursday, June 20th. They set a “buy” rating and a $44.00 price target on the stock. Goldman Sachs Group upgraded shares of Entegris from a “neutral” rating to a “buy” rating and set a $44.00 price target on the stock in a research report on Monday, June 10th. Zacks Investment Research lowered shares of Entegris from a “hold” rating to a “sell” rating in a research report on Tuesday, June 25th. Finally, BidaskClub raised shares of Entegris from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Entegris currently has a consensus rating of “Buy” and a consensus target price of $44.50.
In other news, CFO Gregory B. Graves sold 25,974 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $45.00, for a total value of $1,168,830.00. Following the transaction, the chief financial officer now directly owns 74,521 shares of the company’s stock, valued at $3,353,445. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP William James Shaner sold 24,294 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $44.33, for a total transaction of $1,076,953.02. Following the completion of the transaction, the senior vice president now directly owns 25,536 shares in the company, valued at $1,132,010.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 72,812 shares of company stock worth $3,242,453. Insiders own 1.50% of the company’s stock.
Entegris, Inc develops, manufactures, and supplies micro contamination control products, specialty chemicals, and advanced materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries worldwide. It operates through three segments: Specialty Chemicals and Engineered Materials (SCEM); Microcontamination Control (MC); and Advanced Materials Handling (AMH).
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