Putnam Investments LLC Sells 3,283 Shares of Entegris Inc (NASDAQ:ENTG)

Putnam Investments LLC lowered its holdings in shares of Entegris Inc (NASDAQ:ENTG) by 1.8% during the second quarter, Holdings Channel reports. The institutional investor owned 177,616 shares of the semiconductor company’s stock after selling 3,283 shares during the quarter. Putnam Investments LLC’s holdings in Entegris were worth $6,629,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Icon Wealth Partners LLC acquired a new stake in Entegris during the first quarter worth $27,000. SRS Capital Advisors Inc. acquired a new stake in Entegris during the second quarter worth $43,000. Rehmann Capital Advisory Group boosted its stake in shares of Entegris by 21.3% in the 1st quarter. Rehmann Capital Advisory Group now owns 1,836 shares of the semiconductor company’s stock valued at $66,000 after purchasing an additional 322 shares in the last quarter. Manchester Capital Management LLC acquired a new stake in shares of Entegris in the 1st quarter valued at $70,000. Finally, Shine Investment Advisory Services Inc. acquired a new stake in shares of Entegris in the 2nd quarter valued at $70,000.

ENTG has been the topic of several recent analyst reports. ValuEngine upgraded shares of Entegris from a “hold” rating to a “buy” rating in a research note on Monday, July 22nd. Citigroup set a $45.00 target price on shares of Entegris and gave the company a “hold” rating in a research note on Friday, July 26th. Zacks Investment Research downgraded shares of Entegris from a “hold” rating to a “sell” rating in a research note on Tuesday, June 25th. CL King initiated coverage on shares of Entegris in a research note on Thursday, June 20th. They issued a “buy” rating and a $44.00 target price on the stock. Finally, BidaskClub upgraded shares of Entegris from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. One analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $44.50.

In related news, CFO Gregory B. Graves sold 25,974 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $45.00, for a total transaction of $1,168,830.00. Following the transaction, the chief financial officer now owns 74,521 shares in the company, valued at approximately $3,353,445. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP William James Shaner sold 22,544 shares of the company’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $44.21, for a total transaction of $996,670.24. Following the transaction, the senior vice president now owns 49,830 shares in the company, valued at approximately $2,202,984.30. The disclosure for this sale can be found here. In the last quarter, insiders have sold 72,812 shares of company stock worth $3,242,453. 1.50% of the stock is owned by corporate insiders.

NASDAQ ENTG traded down $0.11 on Friday, hitting $47.52. 865,732 shares of the company were exchanged, compared to its average volume of 739,446. The firm has a 50 day moving average of $43.18 and a two-hundred day moving average of $38.97. The company has a market cap of $6.43 billion, a P/E ratio of 25.14 and a beta of 1.37. The company has a current ratio of 4.87, a quick ratio of 3.66 and a debt-to-equity ratio of 0.85. Entegris Inc has a 1-year low of $23.39 and a 1-year high of $48.00.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings results on Thursday, July 25th. The semiconductor company reported $0.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.04). The company had revenue of $378.90 million for the quarter, compared to analyst estimates of $382.02 million. Entegris had a return on equity of 24.13% and a net margin of 18.18%. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter last year, the company earned $0.49 EPS. Research analysts anticipate that Entegris Inc will post 1.91 EPS for the current fiscal year.

About Entegris

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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Institutional Ownership by Quarter for Entegris (NASDAQ:ENTG)

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