Angeles Investment Advisors LLC Reduces Position in Entegris, Inc. (NASDAQ:ENTG)

Angeles Investment Advisors LLC reduced its holdings in Entegris, Inc. (NASDAQ:ENTG) by 9.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,103 shares of the semiconductor company’s stock after selling 311 shares during the period. Angeles Investment Advisors LLC’s holdings in Entegris were worth $420,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Brown Brothers Harriman & Co. lifted its stake in Entegris by 22.0% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 330,317 shares of the semiconductor company’s stock worth $44,725,000 after purchasing an additional 59,671 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Entegris by 7.7% in the second quarter. Envestnet Asset Management Inc. now owns 1,083,217 shares of the semiconductor company’s stock valued at $146,668,000 after purchasing an additional 77,083 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in Entegris by 9.7% during the second quarter. Oppenheimer Asset Management Inc. now owns 91,434 shares of the semiconductor company’s stock worth $12,380,000 after buying an additional 8,093 shares in the last quarter. Thoroughbred Financial Services LLC acquired a new position in Entegris during the second quarter worth $482,000. Finally, Federated Hermes Inc. grew its holdings in Entegris by 3.3% in the 2nd quarter. Federated Hermes Inc. now owns 141,604 shares of the semiconductor company’s stock valued at $19,173,000 after buying an additional 4,520 shares in the last quarter.

Insider Activity

In related news, insider Daniel D. Woodland sold 15,000 shares of the business’s 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 completion of the sale, the insider now owns 37,457 shares in the company, valued at $5,243,980. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Entegris news, insider Daniel D. Woodland sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $140.00, for a total transaction of $2,100,000.00. Following the sale, the insider now owns 37,457 shares of the company’s stock, valued at $5,243,980. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Bertrand Loy sold 27,044 shares of the company’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $140.63, for a total transaction of $3,803,197.72. Following the completion of the transaction, the chief executive officer now owns 263,068 shares of the company’s stock, valued at approximately $36,995,252.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 57,044 shares of company stock worth $8,078,198. 0.67% of the stock is currently owned by insiders.

Entegris Stock Up 2.3 %

Shares of Entegris stock opened at $110.67 on Monday. The company has a quick ratio of 2.14, a current ratio of 3.58 and a debt-to-equity ratio of 1.18. Entegris, Inc. has a 52-week low of $84.13 and a 52-week high of $147.57. The company has a market capitalization of $16.71 billion, a P/E ratio of 53.21, a P/E/G ratio of 1.49 and a beta of 1.24. The company has a 50 day moving average of $118.13 and a 200 day moving average of $128.48.

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

Entegris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, July 31st were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $0.40 annualized dividend and a dividend yield of 0.36%. Entegris’s dividend payout ratio is currently 19.23%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ENTG shares. Mizuho upgraded shares of 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. BMO Capital Markets dropped their target price on Entegris from $160.00 to $145.00 and set an “outperform” rating for the company in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Entegris from $160.00 to $145.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Finally, Needham & Company LLC reissued a “buy” rating and issued a $150.00 price objective 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 assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $146.80.

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).