Atlantic Union Bankshares Corp Invests $660,000 in Entegris, Inc. $ENTG

Atlantic Union Bankshares Corp bought a new stake in Entegris, Inc. (NASDAQ:ENTG) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 7,138 shares of the semiconductor company’s stock, valued at approximately $660,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Entegris in the 2nd quarter worth approximately $25,000. ORG Wealth Partners LLC raised its stake in shares of Entegris by 862.1% in the third quarter. ORG Wealth Partners LLC now owns 279 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 250 shares in the last quarter. Quent Capital LLC bought a new position in Entegris in the third quarter worth $34,000. Hoese & Co LLP acquired a new stake in Entegris during the second quarter worth $44,000. Finally, Tripletail Wealth Management LLC acquired a new stake in Entegris during the third quarter worth $49,000.

Analyst Ratings Changes

A number of equities analysts have recently commented on ENTG shares. UBS Group reaffirmed a “buy” rating and set a $150.00 price objective on shares of Entegris in a report on Monday. KeyCorp lifted their price objective on Entegris from $107.00 to $111.00 and gave the company an “overweight” rating in a report on Friday, January 9th. Deutsche Bank Aktiengesellschaft lowered Entegris from a “buy” rating to a “hold” rating and set a $105.00 price objective on the stock. in a research note on Tuesday. Mizuho cut their target price on Entegris from $108.00 to $96.00 and set an “outperform” rating for the company in a research report on Thursday, November 20th. Finally, BMO Capital Markets upped their price target on Entegris from $105.00 to $126.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. Six analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $117.00.

Entegris Stock Down 1.1%

NASDAQ ENTG opened at $112.41 on Thursday. The stock’s 50 day simple moving average is $97.74 and its 200 day simple moving average is $89.89. Entegris, Inc. has a one year low of $60.75 and a one year high of $124.00. The firm has a market cap of $17.04 billion, a PE ratio of 59.48 and a beta of 1.33. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 18th. Stockholders of record on Wednesday, January 28th will be paid a $0.10 dividend. The ex-dividend date is Wednesday, January 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. Entegris’s dividend payout ratio (DPR) is 21.16%.

Insiders Place Their Bets

In other Entegris news, SVP Olivier Blachier sold 488 shares of the business’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $77.43, for a total value of $37,785.84. Following the completion of the transaction, the senior vice president directly owned 14,124 shares of the company’s stock, valued at approximately $1,093,621.32. The trade was a 3.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director James P. Lederer sold 2,008 shares of the stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $92.84, for a total transaction of $186,422.72. Following the sale, the director directly owned 20,434 shares in the company, valued at $1,897,092.56. This trade represents a 8.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 131,146 shares of company stock valued at $13,154,343. 0.67% of the stock is owned by corporate insiders.

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.