Brighton Jones LLC Takes $678,000 Position in Entegris, Inc. $ENTG

Brighton Jones LLC purchased a new stake in Entegris, Inc. (NASDAQ:ENTG) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 7,331 shares of the semiconductor company’s stock, valued at approximately $678,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Alpine Bank Wealth Management lifted its stake in Entegris by 73.7% in the second quarter. Alpine Bank Wealth Management now owns 311 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 132 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Entegris during the 2nd quarter worth $25,000. Rise Advisors LLC bought a new position in shares of Entegris during the 1st quarter valued at $26,000. SVB Wealth LLC bought a new position in shares of Entegris during the 1st quarter valued at $43,000. Finally, Hoese & Co LLP acquired a new stake in shares of Entegris in the 2nd quarter valued at $44,000.

Analyst Upgrades and Downgrades

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

Insider Transactions at Entegris

In other Entegris news, SVP Joseph Colella sold 3,577 shares of the firm’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 value of $316,242.57. Following the completion of the sale, the senior vice president owned 34,364 shares in the company, valued at approximately $3,038,121.24. This trade represents a 9.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James P. Lederer sold 2,008 shares of Entegris stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $92.84, for a total value of $186,422.72. Following the sale, the director directly owned 20,434 shares in the company, valued at $1,897,092.56. The trade was a 8.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 63,643 shares of company stock valued at $4,966,433 in the last ninety days. 0.67% of the stock is owned by corporate insiders.

Entegris Trading Up 0.7%

Shares of Entegris stock opened at $85.52 on Friday. Entegris, Inc. has a 1 year low of $60.75 and a 1 year high of $110.46. The company’s fifty day simple moving average is $85.09 and its 200-day simple moving average is $85.09. The company has a market cap of $12.96 billion, a price-to-earnings ratio of 45.25 and a beta of 1.32. The company has a current ratio of 3.44, a quick ratio of 2.13 and a debt-to-equity ratio of 0.99.

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

Entegris Dividend Announcement

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