Shell Asset Management Co. Has $323,000 Stake in Entegris, Inc. (NASDAQ:ENTG)

Posted by Defense World Staff on Feb 26th, 2023

Shell Asset Management Co. reduced its stake in shares of Entegris, Inc. (NASDAQ:ENTG – Get Rating) by 11.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,895 shares of the semiconductor company’s stock after selling 487 shares during the quarter. Shell Asset Management Co.’s holdings in Entegris were worth $323,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Allianz Asset Management GmbH increased its holdings in shares of Entegris by 181.0% in the third quarter. Allianz Asset Management GmbH now owns 1,091,210 shares of the semiconductor company’s stock valued at $90,592,000 after purchasing an additional 702,816 shares in the last quarter. Cantillon Capital Management LLC grew its stake in Entegris by 22.7% in the third quarter. Cantillon Capital Management LLC now owns 2,556,644 shares of the semiconductor company’s stock valued at $212,253,000 after acquiring an additional 472,922 shares during the period. Sands Capital Management LLC grew its stake in Entegris by 9.5% in the third quarter. Sands Capital Management LLC now owns 5,206,311 shares of the semiconductor company’s stock valued at $432,228,000 after acquiring an additional 452,103 shares during the period. Goldman Sachs Group Inc. grew its stake in Entegris by 18.5% in the second quarter. Goldman Sachs Group Inc. now owns 2,436,861 shares of the semiconductor company’s stock valued at $224,508,000 after acquiring an additional 381,204 shares during the period. Finally, WCM Investment Management LLC boosted its position in shares of Entegris by 13.4% during the third quarter. WCM Investment Management LLC now owns 3,210,513 shares of the semiconductor company’s stock worth $282,044,000 after buying an additional 378,506 shares during the period. 98.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ENTG has been the topic of several analyst reports. Craig Hallum dropped their target price on Entegris from $120.00 to $102.00 in a report on Thursday, November 3rd. Credit Suisse Group reiterated an “outperform” rating and set a $95.00 target price on shares of Entegris in a report on Wednesday, February 15th. KeyCorp upped their target price on Entegris from $93.00 to $105.00 and gave the stock an “overweight” rating in a report on Wednesday, February 15th. Needham & Company LLC upped their target price on Entegris from $86.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, February 15th. Finally, Mizuho dropped their target price on Entegris from $105.00 to $95.00 and set a “buy” rating on the stock in a report on Wednesday, February 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $108.40.

Insider Activity

In other news, SVP Clinton M. Haris sold 11,344 shares of the company’s stock in a transaction that occurred on Thursday, February 16th. The stock was sold at an average price of $87.39, for a total value of $991,352.16. Following the transaction, the senior vice president now owns 41,290 shares of the company’s stock, valued at $3,608,333.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Clinton M. Haris sold 11,344 shares of the stock in a transaction that occurred on Thursday, February 16th. The stock was sold at an average price of $87.39, for a total transaction of $991,352.16. Following the sale, the senior vice president now owns 41,290 shares of the company’s stock, valued at $3,608,333.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Gregory B. Graves sold 3,691 shares of the stock in a transaction that occurred on Tuesday, February 14th. The stock was sold at an average price of $83.72, for a total value of $309,010.52. Following the sale, the chief financial officer now directly owns 33,932 shares in the company, valued at approximately $2,840,787.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,108 shares of company stock valued at $1,963,883. 0.61% of the stock is owned by insiders.

Entegris Price Performance

NASDAQ:ENTG opened at $82.87 on Friday. Entegris, Inc. has a 12-month low of $61.75 and a 12-month high of $141.82. The stock’s 50 day moving average price is $77.04 and its two-hundred day moving average price is $81.41. The company has a quick ratio of 1.66, a current ratio of 3.06 and a debt-to-equity ratio of 1.75. The firm has a market capitalization of $12.35 billion, a price-to-earnings ratio of 54.16 and a beta of 1.28.

Entegris (NASDAQ:ENTG – Get Rating) last posted its earnings results on Tuesday, February 14th. The semiconductor company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.78 by $0.05. Entegris had a return on equity of 21.22% and a net margin of 6.37%. The company had revenue of $946.07 million for the quarter, compared to the consensus estimate of $949.14 million. During the same quarter in the prior year, the business earned $0.96 earnings per share. The firm’s revenue for the quarter was up 48.9% on a year-over-year basis. On average, analysts anticipate that Entegris, Inc. will post 2.69 earnings per share for the current year.

Entegris Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 22nd. Stockholders of record on Wednesday, February 1st were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.48%. The ex-dividend date of this dividend was Tuesday, January 31st. Entegris’s payout ratio is 26.14%.

Entegris Company Profile

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Entegris, Inc engages in the development, manufacture, and supply of specialty materials for the microelectronics industry. It operates through the following business segments: Specialty Chemicals and Engineered Materials (SCEM), Advanced Materials Handling (AMH), and Microcontamination Control (MC).