Moody Aldrich Partners LLC Boosts Holdings in Entegris Inc (NASDAQ:ENTG)

Moody Aldrich Partners LLC lifted its stake in Entegris Inc (NASDAQ:ENTG) by 84.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 119,518 shares of the semiconductor company’s stock after buying an additional 54,789 shares during the period. Moody Aldrich Partners LLC’s holdings in Entegris were worth $4,460,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of ENTG. Icon Wealth Partners LLC purchased a new position in shares of Entegris in the 1st quarter valued at $27,000. Parallel Advisors LLC purchased a new position in shares of Entegris in the 1st quarter valued at $34,000. Water Island Capital LLC purchased a new position in shares of Entegris in the 1st quarter valued at $36,000. FTB Advisors Inc. grew its position in shares of Entegris by 41.9% in the 1st quarter. FTB Advisors Inc. now owns 1,445 shares of the semiconductor company’s stock valued at $51,000 after buying an additional 427 shares during the last quarter. Finally, Rehmann Capital Advisory Group grew its position in shares of Entegris by 21.3% in the 1st quarter. Rehmann Capital Advisory Group now owns 1,836 shares of the semiconductor company’s stock valued at $66,000 after buying an additional 322 shares during the last quarter.

In other news, SVP Gregory Bryan Marshall sold 13,758 shares of the firm’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $37.96, for a total value of $522,253.68. Following the completion of the sale, the senior vice president now owns 12,435 shares in the company, valued at approximately $472,032.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Gregory B. Graves sold 25,974 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $45.00, for a total transaction of $1,168,830.00. Following the completion of the sale, the chief financial officer now owns 74,521 shares of the company’s stock, valued at approximately $3,353,445. The disclosure for this sale can be found here. Insiders have sold a total of 62,276 shares of company stock worth $2,687,754 over the last three months. 1.50% of the stock is currently owned by insiders.

A number of research analysts recently commented on the stock. BidaskClub downgraded shares of Entegris from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. CL King began coverage on shares of Entegris in a research report on Thursday, June 20th. They issued a “buy” rating and a $44.00 target price on the stock. Deutsche Bank raised their price objective on shares of Entegris from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Goldman Sachs Group raised shares of Entegris from a “neutral” rating to a “buy” rating and set a $44.00 price objective on the stock in a research report on Monday, June 10th. Finally, Zacks Investment Research downgraded shares of Entegris from a “hold” rating to a “sell” rating in a research report on Tuesday, June 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. Entegris presently has a consensus rating of “Buy” and an average price target of $44.50.

Shares of Entegris stock opened at $40.47 on Wednesday. Entegris Inc has a 1 year low of $23.39 and a 1 year high of $45.12. The company has a debt-to-equity ratio of 0.85, a current ratio of 4.87 and a quick ratio of 3.66. The stock has a market cap of $5.62 billion, a P/E ratio of 21.41 and a beta of 1.36. The stock’s fifty day simple moving average is $38.78.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings data on Thursday, July 25th. The semiconductor company reported $0.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.04). Entegris had a return on equity of 24.13% and a net margin of 18.18%. The business had revenue of $378.90 million for the quarter, compared to analysts’ expectations of $382.02 million. During the same period in the previous year, the business posted $0.49 earnings per share. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Entegris Inc will post 1.91 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 21st. Shareholders of record on Wednesday, July 31st will be given a dividend of $0.08 per share. This is an increase from Entegris’s previous quarterly dividend of $0.07. This represents a $0.32 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend is Tuesday, July 30th. Entegris’s dividend payout ratio (DPR) is presently 16.93%.

About Entegris

Entegris, Inc develops, manufactures, and supplies micro contamination control products, specialty chemicals, and advanced materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries worldwide. It operates through three segments: Specialty Chemicals and Engineered Materials (SCEM); Microcontamination Control (MC); and Advanced Materials Handling (AMH).

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Institutional Ownership by Quarter for Entegris (NASDAQ:ENTG)

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