Entegris, Inc. $ENTG Stock Position Lowered by Bank of Nova Scotia

Bank of Nova Scotia decreased its position in Entegris, Inc. (NASDAQ:ENTG) by 95.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,763 shares of the semiconductor company’s stock after selling 139,184 shares during the quarter. Bank of Nova Scotia’s holdings in Entegris were worth $793,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Gibbs Wealth Management bought a new stake in Entegris in the first quarter worth about $532,000. Lido Advisors LLC boosted its position in shares of Entegris by 1.5% during the 1st quarter. Lido Advisors LLC now owns 8,542 shares of the semiconductor company’s stock valued at $1,002,000 after purchasing an additional 125 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Entegris by 502.2% during the 1st quarter. First Trust Advisors LP now owns 315,089 shares of the semiconductor company’s stock valued at $36,941,000 after purchasing an additional 262,765 shares in the last quarter. ABN Amro Investment Solutions boosted its position in shares of Entegris by 3.6% during the 1st quarter. ABN Amro Investment Solutions now owns 56,092 shares of the semiconductor company’s stock valued at $6,576,000 after purchasing an additional 1,963 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of Entegris by 3.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 23,114 shares of the semiconductor company’s stock worth $2,710,000 after purchasing an additional 853 shares during the last quarter.

Wall Street Analysts Forecast Growth

ENTG has been the topic of a number of research reports. Needham & Company LLC boosted their target price on shares of Entegris from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Oppenheimer restated an “outperform” rating and issued a $160.00 price target on shares of Entegris in a research report on Friday, May 1st. Wall Street Zen upgraded shares of Entegris from a “buy” rating to a “strong-buy” rating in a research report on Sunday, July 12th. Mizuho upped their price target on Entegris from $180.00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday, July 1st. Finally, Citigroup reiterated a “buy” rating on shares of Entegris in a research report on Thursday, April 30th. Seven equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $164.22.

Entegris Trading Down 9.4%

Shares of ENTG opened at $107.01 on Thursday. The business’s 50-day moving average price is $145.26 and its 200 day moving average price is $133.48. The company has a current ratio of 3.21, a quick ratio of 2.05 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $16.32 billion, a P/E ratio of 61.86, a P/E/G ratio of 1.38 and a beta of 1.31. Entegris, Inc. has a 1-year low of $67.97 and a 1-year high of $186.94.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.11. Entegris had a net margin of 8.18% and a return on equity of 11.45%. The company had revenue of $811.90 million during the quarter, compared to analyst estimates of $808.72 million. During the same period in the prior year, the firm earned $0.67 earnings per share. The business’s quarterly revenue was up 5.0% on a year-over-year basis. Analysts expect that Entegris, Inc. will post 3.65 earnings per share for the current year.

Entegris Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Stockholders of record on Wednesday, July 29th will be issued a dividend of $0.10 per share. The ex-dividend date is Wednesday, July 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. Entegris’s payout ratio is currently 23.12%.

Insider Buying and Selling at Entegris

In related news, SVP Susan G. Rice sold 19,893 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $132.84, for a total value of $2,642,586.12. Following the completion of the transaction, the senior vice president owned 69,038 shares of the company’s stock, valued at approximately $9,171,007.92. This trade represents a 22.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James P. Lederer sold 3,569 shares of Entegris stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $143.59, for a total transaction of $512,472.71. Following the transaction, the director owned 18,277 shares in the company, valued at approximately $2,624,394.43. The trade was a 16.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 44,466 shares of company stock valued at $6,186,624 over the last three months. 0.53% of the stock is owned by insiders.

About Entegris

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.