Entegris Inc (NASDAQ:ENTG) Shares Sold by Westfield Capital Management Co. LP
Westfield Capital Management Co. LP lowered its stake in Entegris Inc (NASDAQ:ENTG) by 4.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 716,591 shares of the semiconductor company’s stock after selling 32,199 shares during the quarter. Westfield Capital Management Co. LP owned about 0.53% of Entegris worth $26,743,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Icon Wealth Partners LLC purchased a new position in Entegris in the first quarter valued at $27,000. Parallel Advisors LLC purchased a new position in shares of Entegris during the first quarter worth about $34,000. Water Island Capital LLC purchased a new position in shares of Entegris during the first quarter worth about $36,000. SRS Capital Advisors Inc. acquired a new stake in shares of Entegris during the second quarter worth about $43,000. Finally, Rehmann Capital Advisory Group increased its position in shares of Entegris by 21.3% during the first quarter. Rehmann Capital Advisory Group now owns 1,836 shares of the semiconductor company’s stock worth $66,000 after purchasing an additional 322 shares in the last quarter.
ENTG traded up $0.60 on Wednesday, hitting $45.35. 15,599 shares of the company traded hands, compared to its average volume of 675,176. The company has a 50 day moving average of $42.50 and a 200-day moving average of $38.49. The company has a quick ratio of 3.66, a current ratio of 4.87 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $6.02 billion, a PE ratio of 24.01 and a beta of 1.37. Entegris Inc has a 12-month low of $23.39 and a 12-month high of $45.12.
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, July 31st were paid a dividend of $0.08 per share. This is a positive change from Entegris’s previous quarterly dividend of $0.07. The ex-dividend date was Tuesday, July 30th. This represents a $0.32 annualized dividend and a dividend yield of 0.71%. Entegris’s payout ratio is 16.93%.
A number of brokerages recently issued reports on ENTG. CL King started coverage on Entegris in a research report on Thursday, June 20th. They issued a “buy” rating and a $44.00 target price for the company. Citigroup set a $45.00 target price on shares of Entegris and gave the company a “hold” rating in a report on Friday, July 26th. ValuEngine raised shares of Entegris from a “hold” rating to a “buy” rating in a report on Monday, July 22nd. Goldman Sachs Group upgraded shares of Entegris from a “neutral” rating to a “buy” rating and set a $44.00 price target for the company in a research report on Monday, June 10th. Finally, Zacks Investment Research cut shares of Entegris from a “hold” rating to a “sell” rating in a research note on Tuesday, June 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Entegris presently has an average rating of “Buy” and a consensus price target of $44.50.
In related news, CFO Gregory B. Graves sold 25,974 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $45.00, for a total value of $1,168,830.00. Following the sale, the chief financial officer now directly owns 74,521 shares of the company’s stock, valued at approximately $3,353,445. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP William James Shaner sold 22,544 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $44.21, for a total transaction of $996,670.24. Following the completion of the sale, the senior vice president now directly owns 49,830 shares in the company, valued at $2,202,984.30. The disclosure for this sale can be found here. In the last 90 days, insiders sold 72,812 shares of company stock worth $3,242,453. Insiders own 1.50% of the company’s stock.
Entegris Company Profile
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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