Entegris, Inc. (NASDAQ:ENTG) Stock Position Decreased by Mesirow Institutional Investment Management Inc.

Mesirow Institutional Investment Management Inc. cut its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 1.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,443 shares of the semiconductor company’s stock after selling 282 shares during the period. Mesirow Institutional Investment Management Inc.’s holdings in Entegris were worth $3,039,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of ENTG. Innealta Capital LLC bought a new position in Entegris during the second quarter valued at approximately $26,000. Summit Securities Group LLC acquired a new stake in shares of Entegris in the second quarter worth about $27,000. Trust Co. of Vermont acquired a new position in shares of Entegris during the 4th quarter valued at about $31,000. Opal Wealth Advisors LLC bought a new position in shares of Entegris in the 2nd quarter valued at approximately $31,000. Finally, ORG Partners LLC acquired a new stake in Entegris in the 1st quarter worth approximately $33,000.

Analysts Set New Price Targets

Several research analysts have recently issued reports on ENTG shares. BMO Capital Markets dropped 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. Deutsche Bank Aktiengesellschaft cut their price objective on shares of 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 reaffirmed a “buy” rating and set a $150.00 price objective on shares of Entegris in a research note on Thursday, August 1st. Finally, Mizuho upgraded Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 price objective for the company in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $146.80.

Insider Transactions at Entegris

In related news, insider Daniel D. Woodland sold 15,000 shares of the business’s stock in a transaction that occurred 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 sale, the insider now directly owns 37,457 shares in the company, valued at $5,431,265. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, insider Daniel D. Woodland sold 15,000 shares of the company’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $145.00, for a total transaction of $2,175,000.00. Following the completion of the sale, the insider now owns 37,457 shares of the company’s stock, valued at $5,431,265. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Bertrand Loy sold 27,044 shares of the firm’s stock in a transaction dated 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 directly owns 263,068 shares in the company, valued at $36,995,252.84. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 57,044 shares of company stock valued at $8,078,198. 0.67% of the stock is currently owned by corporate insiders.

Entegris Stock Performance

NASDAQ ENTG opened at $108.31 on Wednesday. The stock has a market cap of $16.33 billion, a PE ratio of 52.07, a P/E/G ratio of 1.56 and a beta of 1.25. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.14 and a current ratio of 3.58. The firm has a 50-day moving average of $122.63 and a 200-day moving average of $129.91. Entegris, Inc. has a 52-week low of $84.13 and a 52-week high of $147.57.

Entegris (NASDAQ:ENTG) last issued 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 firm had revenue of $812.60 million during the quarter, compared to the consensus estimate of $802.43 million. Entegris had a net margin of 5.61% and a return on equity of 12.03%. The business’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same period last year, the business posted $0.66 earnings per share. On average, sell-side analysts anticipate that Entegris, Inc. will post 3.14 EPS for the current year.

Entegris Announces Dividend

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. This represents a $0.40 annualized dividend and a yield of 0.37%. The ex-dividend date was Wednesday, July 31st. Entegris’s payout ratio is 19.23%.

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).