London Co. of Virginia Sells 135,126 Shares of Entegris, Inc. $ENTG
by Amy Steele · The Cerbat GemLondon Co. of Virginia trimmed its position in Entegris, Inc. (NASDAQ:ENTG – Free Report) by 3.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 3,674,950 shares of the semiconductor company’s stock after selling 135,126 shares during the period. Entegris comprises 1.7% of London Co. of Virginia’s investment portfolio, making the stock its 21st largest position. London Co. of Virginia’s holdings in Entegris were worth $296,385,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Rise Advisors LLC bought a new stake in shares of Entegris during the first quarter valued at approximately $26,000. Alpine Bank Wealth Management boosted its stake in Entegris by 73.7% during the 2nd quarter. Alpine Bank Wealth Management now owns 311 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 132 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Entegris in the 2nd quarter worth $25,000. Summit Securities Group LLC bought a new stake in shares of Entegris in the 1st quarter worth $36,000. Finally, SVB Wealth LLC purchased a new position in shares of Entegris in the first quarter worth $43,000.
Insider Buying and Selling at Entegris
In other news, Director James P. Lederer sold 2,008 shares of the company’s stock in a transaction 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 completion of the sale, the director directly owned 20,434 shares in the company, valued at $1,897,092.56. This represents a 8.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Olivier Blachier sold 488 shares of the firm’s stock in a transaction on Monday, November 17th. The stock was 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 in the company, valued at approximately $1,093,621.32. This represents a 3.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 63,643 shares of company stock worth $4,966,433. 0.67% of the stock is currently owned by insiders.
Entegris Trading Down 3.6%
Entegris stock opened at $92.55 on Friday. Entegris, Inc. has a 52-week low of $60.75 and a 52-week high of $112.36. The company has a market cap of $14.03 billion, a P/E ratio of 48.97 and a beta of 1.32. The company has a quick ratio of 2.13, a current ratio of 3.44 and a debt-to-equity ratio of 0.99. The business has a 50-day simple moving average of $86.30 and a two-hundred day simple moving average of $84.21.
Entegris (NASDAQ:ENTG – Get Free Report) last posted its quarterly earnings data on Wednesday, July 6th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter. The company had revenue of $512.84 million for the quarter. Entegris had a net margin of 8.95% and a return on equity of 11.61%. Analysts predict that Entegris, Inc. will post 3.51 EPS for the current year.
Entegris Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 19th. Stockholders of record on Wednesday, October 29th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Wednesday, October 29th. Entegris’s dividend payout ratio (DPR) is currently 21.16%.
Wall Street Analysts Forecast Growth
Several research firms recently commented on ENTG. Oppenheimer began coverage on Entegris in a research report on Thursday, September 4th. They set a “market perform” rating and a $95.00 price objective on the stock. Mizuho dropped their price target on shares of Entegris from $108.00 to $96.00 and set an “outperform” rating on the stock in a report on Thursday, November 20th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Entegris in a report on Monday, December 1st. Wall Street Zen raised shares of Entegris from a “sell” rating to a “hold” rating in a report on Friday, October 3rd. Finally, Zacks Research downgraded shares of Entegris from a “hold” rating to a “strong sell” rating in a research report on Monday, November 3rd. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $95.86.
View Our Latest Analysis on ENTG
Entegris Company 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).
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