Entegris, Inc. $ENTG Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its holdings in Entegris, Inc. (NASDAQ:ENTG) by 7.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 70,014 shares of the semiconductor company’s stock after selling 5,278 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Entegris were worth $6,473,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. DAVENPORT & Co LLC boosted its holdings in Entegris by 1.3% in the second quarter. DAVENPORT & Co LLC now owns 8,450 shares of the semiconductor company’s stock valued at $681,000 after purchasing an additional 110 shares in the last quarter. Verdence Capital Advisors LLC lifted its position in shares of Entegris by 2.7% during the 3rd quarter. Verdence Capital Advisors LLC now owns 4,817 shares of the semiconductor company’s stock worth $454,000 after buying an additional 126 shares during the last quarter. First National Advisers LLC boosted its holdings in shares of Entegris by 0.5% in the 2nd quarter. First National Advisers LLC now owns 28,895 shares of the semiconductor company’s stock valued at $2,330,000 after buying an additional 154 shares in the last quarter. State of Michigan Retirement System grew its position in shares of Entegris by 0.6% in the 2nd quarter. State of Michigan Retirement System now owns 36,400 shares of the semiconductor company’s stock valued at $2,936,000 after buying an additional 200 shares during the last quarter. Finally, Park Place Capital Corp raised its stake in Entegris by 32.4% during the 3rd quarter. Park Place Capital Corp now owns 939 shares of the semiconductor company’s stock worth $87,000 after acquiring an additional 230 shares in the last quarter.

Entegris Stock Performance

NASDAQ:ENTG opened at $120.65 on Thursday. The company has a debt-to-equity ratio of 0.99, a current ratio of 3.44 and a quick ratio of 2.13. The firm has a market cap of $18.29 billion, a price-to-earnings ratio of 63.84 and a beta of 1.31. The firm’s fifty day moving average price is $93.32 and its 200 day moving average price is $88.88. Entegris, Inc. has a 1-year low of $60.75 and a 1-year high of $124.00.

Entegris (NASDAQ:ENTG) last released its earnings results on Thursday, October 30th. The semiconductor company reported $0.72 EPS for the quarter, hitting the consensus estimate of $0.72. The company had revenue of $807.10 million during the quarter, compared to analysts’ expectations of $804.63 million. Entegris had a net margin of 8.95% and a return on equity of 11.61%. The business’s revenue was down .1% on a year-over-year basis. During the same quarter last year, the business earned $0.77 EPS. On average, sell-side analysts expect that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 18th. Investors of record on Wednesday, January 28th will be given a $0.10 dividend. The ex-dividend date is Wednesday, January 28th. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. Entegris’s dividend payout ratio (DPR) is presently 21.16%.

Insider Buying and Selling

In other Entegris news, SVP Clinton M. Haris sold 5,830 shares of the business’s stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $120.00, for a total transaction of $699,600.00. Following the transaction, the senior vice president owned 37,743 shares in the company, valued at approximately $4,529,160. The trade was a 13.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Bertrand Loy sold 57,570 shares of the stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $76.88, for a total value of $4,425,981.60. Following the transaction, the insider directly owned 305,820 shares of the company’s stock, valued at approximately $23,511,441.60. This trade represents a 15.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 69,473 shares of company stock worth $5,666,033 in the last three months. Company insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on ENTG. Needham & Company LLC restated a “strong-buy” rating on shares of Entegris in a research note on Tuesday, January 20th. Zacks Research raised Entegris from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 30th. The Goldman Sachs Group lowered Entegris from a “neutral” rating to a “sell” rating and cut their price target for the stock from $88.00 to $75.00 in a research report on Monday, December 15th. KeyCorp increased their price objective on Entegris from $107.00 to $111.00 and gave the company an “overweight” rating in a report on Friday, January 9th. Finally, Mizuho lowered their target price on shares of Entegris from $108.00 to $96.00 and set an “outperform” rating on the stock in a research report on Thursday, November 20th. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $111.00.

Entegris Company Profile

Entegris, Inc is a leading provider of advanced materials and process control solutions for the semiconductor and other high-technology industries. The company develops and supplies a broad portfolio of products designed to ensure purity and reliability throughout the manufacturing process, helping customers address critical contamination and yield challenges.

Entegris’s product offerings include high-purity chemicals and specialty materials, liquid and gas filtration and purification systems, and sophisticated wafer and chip handling solutions.