Norden Group LLC Has $1.59 Million Stock Position in Entegris, Inc. (NASDAQ:ENTG)

Norden Group LLC raised its position in Entegris, Inc. (NASDAQ:ENTG) by 5.4% during the second quarter, HoldingsChannel.com reports. The firm owned 11,759 shares of the semiconductor company’s stock after buying an additional 606 shares during the quarter. Norden Group LLC’s holdings in Entegris were worth $1,592,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Torray Investment Partners LLC grew its stake in Entegris by 6.8% in the second quarter. Torray Investment Partners LLC now owns 14,847 shares of the semiconductor company’s stock valued at $2,010,000 after purchasing an additional 947 shares in the last quarter. EFG Asset Management Americas Corp. boosted its stake in shares of Entegris by 183.5% during the 2nd quarter. EFG Asset Management Americas Corp. now owns 14,888 shares of the semiconductor company’s stock worth $2,016,000 after acquiring an additional 9,637 shares in the last quarter. Narwhal Capital Management boosted its stake in shares of Entegris by 11.1% during the 2nd quarter. Narwhal Capital Management now owns 53,634 shares of the semiconductor company’s stock worth $7,262,000 after acquiring an additional 5,371 shares in the last quarter. Private Advisor Group LLC boosted its stake in shares of Entegris by 6.8% during the 2nd quarter. Private Advisor Group LLC now owns 10,913 shares of the semiconductor company’s stock worth $1,478,000 after acquiring an additional 692 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its stake in shares of Entegris by 6.1% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,120 shares of the semiconductor company’s stock worth $287,000 after acquiring an additional 121 shares in the last quarter.

Analyst Ratings Changes

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

Entegris Price Performance

Shares of ENTG traded down $3.06 during mid-day trading on Friday, reaching $107.11. The company had a trading volume of 3,653,570 shares, compared to its average volume of 1,581,972. Entegris, Inc. has a twelve month low of $84.13 and a twelve month high of $147.57. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.58 and a quick ratio of 2.14. The company’s 50-day moving average is $121.10 and its 200-day moving average is $129.42. The company has a market capitalization of $16.15 billion, a P/E ratio of 51.50, a P/E/G ratio of 1.56 and a beta of 1.25.

Entegris (NASDAQ:ENTG) last issued its earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.01. Entegris had a return on equity of 12.03% and a net margin of 5.61%. The business had revenue of $812.60 million during the quarter, compared to analysts’ expectations of $802.43 million. During the same period in the prior year, the firm posted $0.66 EPS. Entegris’s quarterly revenue was down 9.8% compared to the same quarter last year. On average, equities analysts anticipate that Entegris, Inc. will post 3.14 EPS for the current year.

Entegris Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, July 31st were issued a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.37%. Entegris’s payout ratio is presently 19.23%.

Insider Transactions at Entegris

In related news, insider Daniel D. Woodland sold 15,000 shares of the stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $140.00, for a total transaction of $2,100,000.00. Following the sale, the insider now directly owns 37,457 shares in the company, valued at approximately $5,243,980. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Bertrand Loy sold 27,044 shares of the stock in a transaction that occurred 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 directly owns 263,068 shares in the company, valued at approximately $36,995,252.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Daniel D. Woodland sold 15,000 shares of the stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $140.00, for a total value of $2,100,000.00. Following the sale, the insider now owns 37,457 shares in the company, valued at $5,243,980. The disclosure for this sale can be found here. In the last ninety days, insiders sold 57,044 shares of company stock valued at $8,078,198. Corporate insiders own 0.67% of the company’s stock.

About Entegris

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).