Migdal Insurance & Financial Holdings Ltd. Trims Holdings in Entegris, Inc. $ENTG

Migdal Insurance & Financial Holdings Ltd. decreased its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 42.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 436 shares of the semiconductor company’s stock after selling 321 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in Entegris were worth $35,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. DAVENPORT & Co LLC lifted its position in Entegris by 1.3% during the second quarter. DAVENPORT & Co LLC now owns 8,450 shares of the semiconductor company’s stock worth $681,000 after buying an additional 110 shares in the last quarter. Alpine Bank Wealth Management lifted its position in Entegris by 73.7% during the second quarter. Alpine Bank Wealth Management now owns 311 shares of the semiconductor company’s stock worth $25,000 after buying an additional 132 shares in the last quarter. Personal CFO Solutions LLC lifted its position in Entegris by 6.0% during the first quarter. Personal CFO Solutions LLC now owns 2,466 shares of the semiconductor company’s stock worth $216,000 after buying an additional 140 shares in the last quarter. MAI Capital Management lifted its position in Entegris by 19.7% during the first quarter. MAI Capital Management now owns 864 shares of the semiconductor company’s stock worth $76,000 after buying an additional 142 shares in the last quarter. Finally, First Hawaiian Bank lifted its position in Entegris by 0.9% during the first quarter. First Hawaiian Bank now owns 15,786 shares of the semiconductor company’s stock worth $1,381,000 after buying an additional 143 shares in the last quarter.

Insider Buying and Selling at Entegris

In other news, SVP Susan G. Rice sold 8,858 shares of Entegris stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $79.84, for a total value of $707,222.72. Following the completion of the sale, the senior vice president directly owned 56,912 shares of the company’s stock, valued at approximately $4,543,854.08. The trade was a 13.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.67% of the company’s stock.

Entegris Trading Up 3.1%

Shares of NASDAQ ENTG opened at $94.54 on Thursday. Entegris, Inc. has a twelve month low of $60.75 and a twelve month high of $112.36. The company has a current ratio of 3.30, a quick ratio of 1.95 and a debt-to-equity ratio of 1.04. The stock has a fifty day simple moving average of $89.69 and a 200-day simple moving average of $82.78. The stock has a market capitalization of $14.33 billion, a PE ratio of 48.73 and a beta of 1.38.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings data on Wednesday, July 6th. The semiconductor company reported $0.70 earnings per share for the quarter. Entegris had a return on equity of 12.05% and a net margin of 9.17%.The business had revenue of $512.84 million during the quarter. On average, equities analysts forecast that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 19th. Stockholders of record on Wednesday, October 29th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, October 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. Entegris’s payout ratio is presently 20.62%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Entegris in a research report on Wednesday, October 8th. Oppenheimer began coverage on Entegris in a research note on Thursday, September 4th. They set a “market perform” rating and a $95.00 target price for the company. UBS Group cut their target price on Entegris from $95.00 to $90.00 and set a “neutral” rating for the company in a research note on Thursday, July 31st. Wall Street Zen raised Entegris from a “sell” rating to a “hold” rating in a research note on Friday, October 3rd. Finally, KeyCorp reissued an “overweight” rating and set a $103.00 target price (down previously from $112.00) on shares of Entegris in a research note on Thursday, July 31st. Seven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $106.30.

Entegris Profile

Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions in North America, Taiwan, China, South Korea, Japan, Europe, and Southeast Asia. It operates in three segments: Materials Solutions (MS); Microcontamination Control (MC); and Advanced Materials Handling (AMH).