Entegris, Inc. (NASDAQ:ENTG) Stake Boosted by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust grew its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 20.3% in the 4th quarter, Holdings Channel reports. The firm owned 1,357 shares of the semiconductor company’s stock after acquiring an additional 229 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Entegris were worth $163,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in ENTG. Legacy Financial Group LLC bought a new position in shares of Entegris during the third quarter valued at approximately $30,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Entegris during the fourth quarter valued at approximately $35,000. Quent Capital LLC grew its holdings in Entegris by 59.1% in the 4th quarter. Quent Capital LLC now owns 366 shares of the semiconductor company’s stock worth $44,000 after buying an additional 136 shares in the last quarter. Arlington Trust Co LLC bought a new position in Entegris in the 4th quarter worth approximately $46,000. Finally, NBC Securities Inc. bought a new position in Entegris in the 3rd quarter worth approximately $135,000.

Insider Activity

In other news, CAO Michael Sauer sold 1,897 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $132.54, for a total transaction of $251,428.38. Following the completion of the sale, the chief accounting officer now owns 1,779 shares in the company, valued at approximately $235,788.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Daniel D. Woodland sold 9,000 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $139.50, for a total transaction of $1,255,500.00. Following the completion of the sale, the insider now owns 32,730 shares in the company, valued at approximately $4,565,835. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Michael Sauer sold 1,897 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $132.54, for a total value of $251,428.38. Following the sale, the chief accounting officer now owns 1,779 shares of the company’s stock, valued at approximately $235,788.66. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,082 shares of company stock worth $5,606,849. Insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on ENTG. Craig Hallum raised Entegris from a “hold” rating to a “buy” rating and set a $150.00 price objective for the company in a report on Thursday, February 15th. UBS Group increased their price objective on Entegris from $90.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. Mizuho reissued a “neutral” rating and issued a $140.00 price objective on shares of Entegris in a report on Tuesday, February 20th. Wolfe Research began coverage on Entegris in a report on Friday, March 1st. They issued an “outperform” rating and a $160.00 price objective for the company. Finally, Needham & Company LLC reissued a “buy” rating and issued a $150.00 price objective on shares of Entegris in a report on Thursday, March 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Entegris currently has an average rating of “Moderate Buy” and an average price target of $141.64.

Entegris Stock Performance

ENTG opened at $127.84 on Thursday. The company has a market capitalization of $19.27 billion, a price-to-earnings ratio of 107.43 and a beta of 1.32. The company has a debt-to-equity ratio of 1.35, a current ratio of 3.85 and a quick ratio of 2.67. Entegris, Inc. has a 1-year low of $69.37 and a 1-year high of $146.91. The business has a 50 day moving average price of $135.98 and a two-hundred day moving average price of $117.81.

Entegris (NASDAQ:ENTG) last released its earnings results on Tuesday, February 13th. The semiconductor company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. The firm had revenue of $812.30 million during the quarter, compared to the consensus estimate of $780.95 million. Entegris had a return on equity of 12.00% and a net margin of 5.13%. The firm’s revenue for the quarter was down 14.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.83 earnings per share. Research analysts predict that Entegris, Inc. will post 3.27 EPS for the current fiscal year.

Entegris Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 1st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.31%. Entegris’s dividend payout ratio (DPR) is presently 33.61%.

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).