Proficio Capital Partners LLC Purchases New Position in Entegris, Inc. (NASDAQ:ENTG)

Proficio Capital Partners LLC purchased a new stake in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 41,833 shares of the semiconductor company's stock, valued at approximately $42,000.

Several other hedge funds have also recently made changes to their positions in ENTG. Mountaineer Partners Management LLC grew its stake in Entegris by 16,255.1% during the third quarter. Mountaineer Partners Management LLC now owns 11,044,594 shares of the semiconductor company's stock worth $1,242,848,000 after purchasing an additional 10,977,064 shares during the period. Geode Capital Management LLC increased its holdings in shares of Entegris by 2.0% during the third quarter. Geode Capital Management LLC now owns 2,537,948 shares of the semiconductor company's stock valued at $284,941,000 after acquiring an additional 49,846 shares in the last quarter. Swedbank AB grew its position in Entegris by 47.7% in the 4th quarter. Swedbank AB now owns 1,550,942 shares of the semiconductor company's stock valued at $153,636,000 after purchasing an additional 500,581 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in Entegris by 0.9% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,503,656 shares of the semiconductor company's stock valued at $169,206,000 after acquiring an additional 12,913 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Entegris by 8.2% in the fourth quarter. Principal Financial Group Inc. now owns 1,493,201 shares of the semiconductor company's stock valued at $147,917,000 after purchasing an additional 113,238 shares in the last quarter.

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Insiders Place Their Bets

In other Entegris news, SVP Clinton M. Haris sold 12,652 shares of the company's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $106.92, for a total value of $1,352,751.84. Following the completion of the sale, the senior vice president now owns 34,820 shares of the company's stock, valued at $3,722,954.40. This represents a 26.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Olivier Blachier sold 984 shares of Entegris stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $108.00, for a total transaction of $106,272.00. Following the transaction, the senior vice president now directly owns 10,903 shares in the company, valued at $1,177,524. This trade represents a 8.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company's stock.

Entegris Stock Performance

Shares of Entegris stock traded up $3.95 during trading hours on Friday, reaching $98.37. The company had a trading volume of 1,929,238 shares, compared to its average volume of 1,905,563. The firm has a market cap of $14.87 billion, a PE ratio of 50.97, a price-to-earnings-growth ratio of 1.50 and a beta of 1.32. Entegris, Inc. has a one year low of $92.84 and a one year high of $147.57. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.08 and a quick ratio of 1.86. The business has a fifty day simple moving average of $102.34 and a 200 day simple moving average of $105.25.

Entegris (NASDAQ:ENTG - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.77 by $0.07. Entegris had a net margin of 9.03% and a return on equity of 12.83%. On average, analysts anticipate that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.41%. The ex-dividend date was Wednesday, January 29th. Entegris's dividend payout ratio (DPR) is currently 20.73%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. KeyCorp cut their target price on Entegris from $150.00 to $141.00 and set an "overweight" rating on the stock in a research note on Friday, February 7th. Needham & Company LLC restated a "buy" rating and set a $120.00 price objective on shares of Entegris in a report on Friday, February 7th. StockNews.com raised shares of Entegris from a "sell" rating to a "hold" rating in a research report on Thursday. Finally, Mizuho dropped their price objective on Entegris from $125.00 to $120.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, Entegris has a consensus rating of "Moderate Buy" and a consensus target price of $124.88.

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).