Van ECK Associates Corp Increases Stock Holdings in Entegris, Inc. (NASDAQ:ENTG)

Van ECK Associates Corp lifted its position in Entegris, Inc. (NASDAQ:ENTG) by 29.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,431 shares of the semiconductor company’s stock after buying an additional 16,020 shares during the quarter. Van ECK Associates Corp’s holdings in Entegris were worth $9,898,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Trust Co. of Vermont bought a new position in shares of Entegris in the fourth quarter worth approximately $31,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Entegris in the fourth quarter worth approximately $35,000. Quent Capital LLC increased its position in shares of Entegris by 59.1% in the fourth quarter. Quent Capital LLC now owns 366 shares of the semiconductor company’s stock worth $44,000 after purchasing an additional 136 shares during the last quarter. Arlington Trust Co LLC bought a new position in shares of Entegris in the fourth quarter worth approximately $46,000. Finally, VisionPoint Advisory Group LLC bought a new position in shares of Entegris in the fourth quarter worth approximately $66,000.

Insider Buying and Selling at Entegris

In other Entegris news, SVP James Anthony O’neill sold 6,761 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $133.50, for a total transaction of $902,593.50. Following the completion of the transaction, the senior vice president now owns 13,652 shares of the company’s stock, valued at $1,822,542. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP James Anthony O’neill sold 6,761 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $133.50, for a total transaction of $902,593.50. Following the completion of the transaction, the senior vice president now directly owns 13,652 shares in the company, valued at $1,822,542. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Clinton M. Haris sold 5,005 shares of the firm’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $124.74, for a total value of $624,323.70. Following the transaction, the senior vice president now owns 34,600 shares of the company’s stock, valued at $4,316,004. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,752 shares of company stock valued at $1,792,723. 0.67% of the stock is currently owned by company insiders.

Entegris Stock Down 0.6 %

Entegris stock traded down $0.81 on Friday, hitting $139.87. 392,636 shares of the stock traded hands, compared to its average volume of 1,384,359. The company has a current ratio of 3.35, a quick ratio of 2.02 and a debt-to-equity ratio of 1.22. The firm has a market cap of $21.09 billion, a P/E ratio of 67.74, a price-to-earnings-growth ratio of 1.60 and a beta of 1.25. The business’s fifty day simple moving average is $132.30 and its 200 day simple moving average is $129.45. Entegris, Inc. has a 1 year low of $84.13 and a 1 year high of $146.91.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.61 by $0.07. The business had revenue of $771.03 million during the quarter, compared to analyst estimates of $769.24 million. Entegris had a return on equity of 11.94% and a net margin of 9.31%. The company’s revenue for the quarter was down 16.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.65 earnings per share. As a group, sell-side analysts forecast that Entegris, Inc. will post 3.25 earnings per share for the current year.

Entegris Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 1st were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.29%. The ex-dividend date of this dividend was Tuesday, April 30th. Entegris’s dividend payout ratio is currently 19.23%.

Analyst Ratings Changes

Several research firms recently weighed in on ENTG. Needham & Company LLC restated a “buy” rating and issued a $150.00 price objective on shares of Entegris in a research report on Monday, May 13th. Mizuho upped their price objective on shares of Entegris from $140.00 to $143.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $160.00 price objective on shares of Entegris in a research report on Wednesday, June 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $149.80.

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).