Entegris, Inc. (NASDAQ:ENTG) Shares Acquired by Torray Investment Partners LLC

Torray Investment Partners LLC lifted its stake in Entegris, Inc. (NASDAQ:ENTG) by 6.8% in the second quarter, HoldingsChannel reports. The firm owned 14,847 shares of the semiconductor company’s stock after acquiring an additional 947 shares during the quarter. Torray Investment Partners LLC’s holdings in Entegris were worth $2,010,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Innealta Capital LLC purchased a new position in shares of Entegris in the 2nd quarter valued at about $26,000. Summit Securities Group LLC acquired a new position in Entegris during the 2nd quarter worth approximately $27,000. Trust Co. of Vermont purchased a new stake in shares of Entegris in the 4th quarter valued at approximately $31,000. Opal Wealth Advisors LLC acquired a new stake in shares of Entegris in the 2nd quarter valued at $31,000. Finally, ORG Partners LLC purchased a new stake in shares of Entegris during the 1st quarter worth $33,000.

Wall Street Analyst Weigh In

ENTG has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft dropped their target price on Entegris from $160.00 to $145.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Needham & Company LLC reissued a “buy” rating and set a $150.00 target price on shares of Entegris in a research report on Thursday, August 1st. Mizuho raised Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 price target for the company in a report on Thursday, August 1st. Finally, BMO Capital Markets cut their price objective on shares of Entegris from $160.00 to $145.00 and set an “outperform” rating on the stock in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $146.80.

Entegris Stock Performance

Shares of NASDAQ ENTG traded down $3.06 during midday trading on Friday, reaching $107.11. 3,653,570 shares of the company were exchanged, compared to its average volume of 1,581,972. The stock has a market cap of $16.15 billion, a P/E ratio of 51.50, a PEG ratio of 1.56 and a beta of 1.25. Entegris, Inc. has a 1 year low of $84.13 and a 1 year high of $147.57. The stock has a fifty day simple moving average of $121.10 and a 200 day simple moving average of $129.42. The company has a current ratio of 3.58, a quick ratio of 2.14 and a debt-to-equity ratio of 1.18.

Entegris (NASDAQ:ENTG) last announced its earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.01. The company had revenue of $812.60 million for the quarter, compared to the consensus estimate of $802.43 million. Entegris had a return on equity of 12.03% and a net margin of 5.61%. The company’s revenue was down 9.8% on a year-over-year basis. During the same period last year, the business posted $0.66 EPS. On average, research analysts forecast that Entegris, Inc. will post 3.14 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Wednesday, July 31st were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, July 31st. This represents a $0.40 dividend on an annualized basis and a yield of 0.37%. Entegris’s payout ratio is currently 19.23%.

Insider Transactions at Entegris

In related news, insider Daniel D. Woodland sold 15,000 shares of the firm’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $145.00, for a total value of $2,175,000.00. Following the completion of the sale, the insider now owns 37,457 shares in the company, valued at $5,431,265. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Entegris news, insider Daniel D. Woodland sold 15,000 shares of the stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $145.00, for a total value of $2,175,000.00. Following the completion of the transaction, the insider now owns 37,457 shares in the company, valued at $5,431,265. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Bertrand Loy sold 27,044 shares of the business’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $140.63, for a total transaction of $3,803,197.72. Following the sale, the chief executive officer now owns 263,068 shares in the company, valued at $36,995,252.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 57,044 shares of company stock worth $8,078,198. Company insiders own 0.67% of the company’s stock.

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).