Allstate Corp Buys New Stake in Entegris, Inc. (NASDAQ:ENTG)

Allstate Corp acquired a new stake in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 4,515 shares of the semiconductor company's stock, valued at approximately $447,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fortitude Family Office LLC boosted its holdings in Entegris by 195.7% during the 4th quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company's stock valued at $41,000 after acquiring an additional 274 shares during the period. Promus Capital LLC bought a new stake in shares of Entegris during the fourth quarter worth $71,000. Eagle Bay Advisors LLC boosted its stake in shares of Entegris by 4,375.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 716 shares of the semiconductor company's stock valued at $71,000 after purchasing an additional 700 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of Entegris by 27.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 731 shares of the semiconductor company's stock worth $73,000 after purchasing an additional 158 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in Entegris by 121.3% in the 4th quarter. Blue Trust Inc. now owns 768 shares of the semiconductor company's stock worth $76,000 after buying an additional 421 shares during the period.

Insider Transactions at Entegris

In related news, SVP Clinton M. Haris sold 12,652 shares of the company's stock in a transaction 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 transaction, the senior vice president now directly owns 34,820 shares of the company's stock, valued at $3,722,954.40. This represents a 26.65 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Olivier Blachier sold 984 shares of Entegris stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $108.00, for a total value of $106,272.00. Following the sale, the senior vice president now directly owns 10,903 shares of the company's stock, valued at approximately $1,177,524. This represents a 8.28 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.67% of the company's stock.

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Entegris Stock Down 9.1 %

Shares of NASDAQ:ENTG traded down $6.55 on Friday, reaching $65.39. The company had a trading volume of 9,577,103 shares, compared to its average volume of 2,159,452. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $9.89 billion, a PE ratio of 33.88, a PEG ratio of 1.50 and a beta of 1.36. Entegris, Inc. has a 52-week low of $61.27 and a 52-week high of $147.57. The firm's 50 day simple moving average is $99.45 and its 200-day simple moving average is $103.48.

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

Entegris Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.61%. The ex-dividend date was Wednesday, January 29th. Entegris's dividend payout ratio is presently 20.73%.

Analysts Set New Price Targets

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