Entegris, Inc. $ENTG Stake Raised by Cresset Asset Management LLC

Cresset Asset Management LLC grew its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 17.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 190,378 shares of the semiconductor company’s stock after acquiring an additional 28,716 shares during the quarter. Cresset Asset Management LLC’s holdings in Entegris were worth $15,354,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Alpine Bank Wealth Management raised its position in shares of Entegris by 73.7% during the 2nd quarter. Alpine Bank Wealth Management now owns 311 shares of the semiconductor company’s stock worth $25,000 after buying an additional 132 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Entegris during the second quarter valued at approximately $25,000. Rise Advisors LLC bought a new stake in Entegris during the first quarter worth approximately $26,000. Summit Securities Group LLC acquired a new stake in Entegris in the first quarter worth approximately $36,000. Finally, SVB Wealth LLC bought a new position in Entegris during the 1st quarter valued at $43,000.

Entegris Trading Up 1.1%

Shares of ENTG opened at $89.15 on Friday. The business’s 50-day moving average price is $86.51 and its 200 day moving average price is $83.53. The company has a current ratio of 3.44, a quick ratio of 2.13 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $13.52 billion, a P/E ratio of 47.17 and a beta of 1.32. Entegris, Inc. has a 1-year low of $60.75 and a 1-year high of $112.36.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Wednesday, July 6th. The semiconductor company reported $0.70 EPS for the quarter. Entegris had a net margin of 8.95% and a return on equity of 11.61%. The company had revenue of $512.84 million during the quarter. Analysts expect that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 19th. Investors of record on Wednesday, October 29th were paid a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, October 29th. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. Entegris’s dividend payout ratio (DPR) is currently 21.16%.

Insiders Place Their Bets

In other Entegris news, insider Bertrand Loy sold 57,570 shares of the business’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $76.88, for a total transaction of $4,425,981.60. Following the sale, the insider directly owned 305,820 shares of the company’s stock, valued at $23,511,441.60. The trade was a 15.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Joseph Colella sold 3,577 shares of the stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $88.41, for a total value of $316,242.57. Following the completion of the sale, the senior vice president owned 34,364 shares of the company’s stock, valued at $3,038,121.24. The trade was a 9.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 61,635 shares of company stock worth $4,780,010. Corporate insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on ENTG shares. Zacks Research downgraded Entegris from a “hold” rating to a “strong sell” rating in a research note on Monday, November 3rd. Oppenheimer assumed coverage on Entegris in a report on Thursday, September 4th. They set a “market perform” rating and a $95.00 target price on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Entegris in a report on Monday. Wall Street Zen upgraded shares of Entegris from a “sell” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, Mizuho dropped their target price on shares of Entegris from $108.00 to $96.00 and set an “outperform” rating on the stock in a report on Thursday, November 20th. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $95.86.

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).