Rokos Capital Management LLP Buys New Position in Entegris, Inc. $ENTG

Rokos Capital Management LLP bought a new position in Entegris, Inc. (NASDAQ:ENTG) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 141,615 shares of the semiconductor company’s stock, valued at approximately $11,419,000.

Several other institutional investors have also recently added to or reduced their stakes in ENTG. DAVENPORT & Co LLC grew its position in shares of Entegris by 1.3% during the 2nd quarter. DAVENPORT & Co LLC now owns 8,450 shares of the semiconductor company’s stock worth $681,000 after buying an additional 110 shares during the period. Alpine Bank Wealth Management grew its holdings in Entegris by 73.7% in the second quarter. Alpine Bank Wealth Management now owns 311 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 132 shares during the period. MAI Capital Management grew its holdings in Entegris by 19.7% in the first quarter. MAI Capital Management now owns 864 shares of the semiconductor company’s stock worth $76,000 after purchasing an additional 142 shares during the period. First Hawaiian Bank increased its stake in Entegris by 0.9% in the first quarter. First Hawaiian Bank now owns 15,786 shares of the semiconductor company’s stock valued at $1,381,000 after purchasing an additional 143 shares in the last quarter. Finally, First National Advisers LLC raised its holdings in shares of Entegris by 0.5% during the second quarter. First National Advisers LLC now owns 28,895 shares of the semiconductor company’s stock valued at $2,330,000 after purchasing an additional 154 shares during the period.

Analyst Ratings Changes

Several brokerages have recently commented on ENTG. Weiss Ratings restated a “hold (c-)” rating on shares of Entegris in a research note on Monday, December 1st. Oppenheimer initiated coverage on Entegris in a report on Thursday, September 4th. They issued a “market perform” rating and a $95.00 price target on the stock. Mizuho decreased their price objective on Entegris from $108.00 to $96.00 and set an “outperform” rating for the company in a report on Thursday, November 20th. Wall Street Zen raised Entegris from a “sell” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, Zacks Research cut Entegris from a “hold” rating to a “strong sell” rating in a report on Monday, November 3rd. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $95.86.

Entegris Stock Performance

Shares of ENTG opened at $94.73 on Thursday. The firm has a market capitalization of $14.36 billion, a P/E ratio of 50.12 and a beta of 1.32. Entegris, Inc. has a 52 week low of $60.75 and a 52 week high of $112.36. The stock has a 50 day moving average price of $86.44 and a two-hundred day moving average price of $83.99. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.13 and a current ratio of 3.44.

Entegris (NASDAQ:ENTG) last posted its earnings results on Wednesday, July 6th. The semiconductor company reported $0.70 earnings per share for the quarter. Entegris had a return on equity of 11.61% and a net margin of 8.95%.The company had revenue of $512.84 million for the quarter. Equities analysts forecast that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 19th. Shareholders of record on Wednesday, October 29th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, October 29th. Entegris’s payout ratio is currently 21.16%.

Insider Transactions at Entegris

In other news, insider Bertrand Loy sold 57,570 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $76.88, for a total value of $4,425,981.60. Following the completion of the sale, the insider owned 305,820 shares in the company, valued at $23,511,441.60. This represents a 15.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Olivier Blachier sold 488 shares of the firm’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $77.43, for a total transaction of $37,785.84. Following the transaction, the senior vice president directly owned 14,124 shares in the company, valued at $1,093,621.32. The trade was a 3.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 61,635 shares of company stock worth $4,780,010 in the last quarter. 0.67% of the stock is currently owned by corporate insiders.

About Entegris

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).