Entegris, Inc. $ENTG Shares Acquired by Congress Asset Management Co.

Congress Asset Management Co. boosted its holdings in Entegris, Inc. (NASDAQ:ENTG) by 17.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 182,906 shares of the semiconductor company’s stock after buying an additional 27,813 shares during the quarter. Congress Asset Management Co.’s holdings in Entegris were worth $16,912,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of ENTG. Select Equity Group L.P. boosted its stake in shares of Entegris by 6.9% during the 1st quarter. Select Equity Group L.P. now owns 4,074,232 shares of the semiconductor company’s stock worth $356,414,000 after acquiring an additional 263,168 shares in the last quarter. Primecap Management Co. CA raised its position in shares of Entegris by 12.0% during the second quarter. Primecap Management Co. CA now owns 3,065,170 shares of the semiconductor company’s stock worth $247,206,000 after purchasing an additional 329,306 shares during the period. Durable Capital Partners LP lifted its holdings in shares of Entegris by 4.9% during the second quarter. Durable Capital Partners LP now owns 3,055,914 shares of the semiconductor company’s stock valued at $246,459,000 after purchasing an additional 141,497 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Entegris by 31.2% in the 2nd quarter. Bank of America Corp DE now owns 3,031,048 shares of the semiconductor company’s stock valued at $244,454,000 after purchasing an additional 720,467 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of Entegris by 40.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,759,296 shares of the semiconductor company’s stock valued at $241,383,000 after purchasing an additional 794,222 shares during the period.

Insider Buying and Selling

In other Entegris news, SVP Joseph Colella sold 3,577 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $88.41, for a total transaction 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. This represents a 9.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bertrand Loy sold 57,570 shares of Entegris stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 305,820 shares in the company, valued at approximately $23,511,441.60. This represents a 15.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 63,643 shares of company stock worth $4,966,433 over the last ninety days. Company insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ENTG. Oppenheimer started coverage on Entegris in a report on Thursday, September 4th. They set a “market perform” rating and a $95.00 price objective on the stock. The Goldman Sachs Group lowered shares of Entegris from a “neutral” rating to a “sell” rating and cut their price target for the company from $88.00 to $75.00 in a report on Monday, December 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Entegris in a research note on Monday, December 15th. Zacks Research cut shares of Entegris from a “hold” rating to a “strong sell” rating in a research report on Monday, November 3rd. Finally, Wall Street Zen raised shares of Entegris from a “sell” rating to a “hold” rating in a research note on Friday, October 3rd. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $94.43.

Entegris Stock Down 0.6%

ENTG opened at $84.06 on Monday. The company has a market capitalization of $12.74 billion, a PE ratio of 44.48 and a beta of 1.32. The company has a debt-to-equity ratio of 0.99, a current ratio of 3.44 and a quick ratio of 2.13. Entegris, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $110.46. The business has a 50-day moving average of $85.63 and a 200-day moving average of $84.91.

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

Entegris Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 19th. Investors of record on Wednesday, October 29th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.5%. The ex-dividend date was Wednesday, October 29th. Entegris’s payout ratio is 21.16%.

Entegris Profile

Entegris, Inc is a leading provider of advanced materials and process control solutions for the semiconductor and other high-technology industries. The company develops and supplies a broad portfolio of products designed to ensure purity and reliability throughout the manufacturing process, helping customers address critical contamination and yield challenges.

Entegris’s product offerings include high-purity chemicals and specialty materials, liquid and gas filtration and purification systems, and sophisticated wafer and chip handling solutions.