Amica Mutual Insurance Co. Increases Position in Entegris, Inc. (NASDAQ:ENTG)

Amica Mutual Insurance Co. grew its holdings in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 78.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 91,849 shares of the semiconductor company's stock after purchasing an additional 40,472 shares during the period. Entegris accounts for 0.9% of Amica Mutual Insurance Co.'s portfolio, making the stock its 24th biggest position. Amica Mutual Insurance Co. owned approximately 0.06% of Entegris worth $9,099,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mountaineer Partners Management LLC boosted its position in Entegris by 16,255.1% during the 3rd quarter. Mountaineer Partners Management LLC now owns 11,044,594 shares of the semiconductor company's stock worth $1,242,848,000 after acquiring an additional 10,977,064 shares during the period. Raymond James Financial Inc. acquired a new stake in Entegris in the 4th quarter valued at about $91,869,000. Principal Financial Group Inc. grew its stake in shares of Entegris by 130.8% in the 3rd quarter. Principal Financial Group Inc. now owns 1,379,963 shares of the semiconductor company's stock worth $155,287,000 after purchasing an additional 781,955 shares during the last quarter. James Hambro & Partners LLP acquired a new position in shares of Entegris in the 4th quarter worth $72,845,000. Finally, Wealthfront Advisers LLC acquired a new stake in shares of Entegris during the fourth quarter worth $68,661,000.

Insider Activity

In other news, SVP Clinton M. Haris sold 12,652 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $106.92, for a total value of $1,352,751.84. Following the sale, the senior vice president now directly owns 34,820 shares in the company, valued at approximately $3,722,954.40. This trade represents a 26.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Olivier Blachier sold 984 shares of Entegris stock in a transaction dated Friday, February 21st. The shares were 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 in the company, valued at $1,177,524. The trade was a 8.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.67% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Mizuho cut their price objective on Entegris from $125.00 to $120.00 and set an "outperform" rating on the stock in a report on Tuesday, January 7th. KeyCorp decreased their target price on Entegris from $150.00 to $141.00 and set an "overweight" rating for the company in a research report on Friday, February 7th. StockNews.com lowered Entegris from a "hold" rating to a "sell" rating in a research report on Monday, March 24th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $120.00 target price on shares of Entegris in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $124.88.

Entegris Price Performance

Entegris stock traded down $2.87 on Monday, reaching $85.87. The company's stock had a trading volume of 625,849 shares, compared to its average volume of 2,930,931. Entegris, Inc. has a twelve month low of $84.75 and a twelve month high of $147.57. The company has a market cap of $12.99 billion, a price-to-earnings ratio of 44.48, a PEG ratio of 1.50 and a beta of 1.32. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.86 and a current ratio of 3.08. The business's fifty day moving average price is $101.34 and its 200 day moving average price is $104.15.

Entegris (NASDAQ:ENTG - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.07. Entegris had a return on equity of 12.83% and a net margin of 9.03%. Equities analysts expect 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 given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend was Wednesday, January 29th. Entegris's dividend payout ratio (DPR) is currently 20.73%.

Entegris Company 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).