Entegris, Inc. $ENTG Stock: Candriam S.C.A. Cuts Position

Candriam S.C.A. lessened its stake in Entegris, Inc. (NASDAQ:ENTG) by 16.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 317,006 shares of the semiconductor company’s stock after selling 64,300 shares during the quarter. Candriam S.C.A. owned 0.21% of Entegris worth $49,016,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Summit Investment Advisory Services LLC grew its position in Entegris by 2.0% during the third quarter. Summit Investment Advisory Services LLC now owns 3,706 shares of the semiconductor company’s stock worth $571,000 after buying an additional 74 shares during the period. Evergreen Capital Management LLC increased its holdings in Entegris by 1.5% in the third quarter. Evergreen Capital Management LLC now owns 5,372 shares of the semiconductor company’s stock valued at $828,000 after buying an additional 79 shares in the last quarter. Ancora Advisors LLC increased its holdings in Entegris by 85.1% in the second quarter. Ancora Advisors LLC now owns 174 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 80 shares in the last quarter. Ashton Thomas Private Wealth LLC lifted its position in shares of Entegris by 6.3% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 1,513 shares of the semiconductor company’s stock valued at $233,000 after acquiring an additional 90 shares during the period. Finally, SBI Securities Co. Ltd. lifted its position in shares of Entegris by 51.1% during the 3rd quarter. SBI Securities Co. Ltd. now owns 278 shares of the semiconductor company’s stock valued at $43,000 after acquiring an additional 94 shares during the period.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on ENTG shares. The Goldman Sachs Group upped their price target on Entegris from $120.00 to $135.00 and gave the stock a “sell” rating in a report on Friday, October 30th. Truist Financial lifted their price objective on Entegris from $190.00 to $199.00 and gave the stock a “buy” rating in a report on Friday, October 30th. UBS Group lifted their price objective on Entegris from $205.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, October 30th. Needham & Company LLC boosted their target price on Entegris from $170.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, October 29th. Finally, Stifel Nicolaus started coverage on Entegris in a report on Wednesday, October 7th. They issued a “buy” rating and a $200.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $187.17.

Entegris Stock Performance

Shares of ENTG opened at $127.98 on Friday. The company has a current ratio of 2.66, a quick ratio of 1.59 and a debt-to-equity ratio of 0.75. The stock has a market cap of $19.56 billion, a P/E ratio of 49.99, a PEG ratio of 1.00 and a beta of 1.39. The company has a 50-day moving average of $146.15 and a two-hundred day moving average of $138.59. Entegris, Inc. has a 12-month low of $67.97 and a 12-month high of $186.94.

Entegris (NASDAQ:ENTG) last released its quarterly earnings results on Thursday, October 29th. The semiconductor company reported $1.23 EPS for the quarter, beating the consensus estimate of $1.03 by $0.20. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $925.35 million. Entegris had a net margin of 11.14% and a return on equity of 13.86%. The company’s quarterly revenue was up 24.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.72 earnings per share. As a group, research analysts predict that Entegris, Inc. will post 4.38 EPS for the current fiscal year.

Entegris Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 18th. Stockholders of record on Wednesday, October 28th will be issued a dividend of $0.10 per share. The ex-dividend date is Wednesday, October 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. Entegris’s payout ratio is 15.62%.

Insider Transactions at Entegris

In related news, SVP Joseph Colella sold 3,916 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $164.48, for a total transaction of $644,103.68. Following the transaction, the senior vice president owned 50,297 shares of the company’s stock, valued at approximately $8,272,850.56. This represents a 7.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Olivier Blachier sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $160.66, for a total transaction of $321,320.00. Following the sale, the insider owned 34,997 shares in the company, valued at approximately $5,622,618.02. This trade represents a 5.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 7,978 shares of company stock worth $1,273,734 over the last ninety days. 0.53% of the stock is currently owned by corporate insiders.

About Entegris

Entegris, Inc supplies advanced materials and process solutions used in semiconductor manufacturing and other high-technology industries. Its products help customers control contamination and manage materials throughout complex manufacturing processes.

The company’s offerings include specialty chemicals and gases, filtration and purification systems, fluid and gas handling products, and wafer handling and storage solutions. Entegris also provides related services and technologies designed to support the production of semiconductor devices and other advanced products.

Entegris serves customers around the world, with operations and support across the Americas, Asia and Europe.