Private Advisor Group LLC Invests $557,000 in Entegris, Inc. (NASDAQ:ENTG)

Posted by Defense World Staff on Sep 2nd, 2023

Private Advisor Group LLC purchased a new position in shares of Entegris, Inc. (NASDAQ:ENTG – Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 6,790 shares of the semiconductor company’s stock, valued at approximately $557,000.

Several other institutional investors have also modified their holdings of the company. Bessemer Group Inc. boosted its stake in shares of Entegris by 29.6% during the 1st quarter. Bessemer Group Inc. now owns 672,730 shares of the semiconductor company’s stock worth $55,171,000 after acquiring an additional 153,774 shares in the last quarter. LPL Financial LLC boosted its stake in shares of Entegris by 8.7% during the 1st quarter. LPL Financial LLC now owns 60,993 shares of the semiconductor company’s stock worth $5,002,000 after acquiring an additional 4,884 shares in the last quarter. Pictet Asset Management SA boosted its stake in shares of Entegris by 3.5% during the 1st quarter. Pictet Asset Management SA now owns 49,869 shares of the semiconductor company’s stock worth $4,090,000 after acquiring an additional 1,697 shares in the last quarter. Great Lakes Advisors LLC purchased a new stake in shares of Entegris during the 1st quarter worth approximately $19,486,000. Finally, Argent Capital Management LLC boosted its stake in shares of Entegris by 4.7% during the 1st quarter. Argent Capital Management LLC now owns 32,167 shares of the semiconductor company’s stock worth $2,638,000 after acquiring an additional 1,442 shares in the last quarter.

Insider Transactions at Entegris

In other news, SVP James Anthony O’neill sold 1,918 shares of the company’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $95.00, for a total transaction of $182,210.00. Following the completion of the sale, the senior vice president now directly owns 13,670 shares in the company, valued at approximately $1,298,650. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on ENTG shares. BMO Capital Markets started coverage on Entegris in a research note on Tuesday, June 20th. They issued an “outperform” rating and a $129.00 target price on the stock. Mizuho upped their target price on Entegris from $98.00 to $113.00 and gave the company a “buy” rating in a research note on Friday, August 4th. StockNews.com started coverage on Entegris in a research note on Thursday, August 17th. They issued a “sell” rating on the stock. Deutsche Bank Aktiengesellschaft upped their target price on Entegris from $90.00 to $100.00 in a research note on Thursday, May 11th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 target price on shares of Entegris in a research note on Friday, August 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Entegris presently has an average rating of “Moderate Buy” and a consensus price target of $107.40.

Get Our Latest Stock Report on Entegris

Entegris Trading Up 1.2 %

Shares of ENTG opened at $102.49 on Friday. The stock has a fifty day moving average of $103.65 and a two-hundred day moving average of $93.03. The company has a debt-to-equity ratio of 1.64, a quick ratio of 3.45 and a current ratio of 4.59. The company has a market capitalization of $15.38 billion, a PE ratio of 170.82, a price-to-earnings-growth ratio of 4.26 and a beta of 1.24. Entegris, Inc. has a fifty-two week low of $61.75 and a fifty-two week high of $114.47.

Entegris (NASDAQ:ENTG – Get Free Report) last released its quarterly earnings data on Thursday, August 3rd. The semiconductor company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.09. The business had revenue of $901.00 million during the quarter, compared to the consensus estimate of $886.80 million. Entegris had a return on equity of 13.99% and a net margin of 2.48%. The business’s revenue for the quarter was up 30.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.00 EPS. As a group, analysts forecast that Entegris, Inc. will post 2.6 EPS for the current year.

Entegris Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 2nd were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, August 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.39%. Entegris’s payout ratio is 66.67%.

Entegris Profile

(Free Report)

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 four segments: Specialty Chemicals and Engineered Materials (SCEM); Microcontamination Control (MC); The Advanced Planarization Solutions (APS); and Advanced Materials Handling (AMH).