Bryce Point Capital LLC purchased a new stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,095 shares of the semiconductor company's stock, valued at approximately $505,000.
A number of other hedge funds have also recently bought and sold shares of ENTG. Norges Bank acquired a new stake in shares of Entegris in the 4th quarter valued at approximately $445,988,000. Raymond James Financial Inc. acquired a new stake in Entegris in the fourth quarter valued at $91,869,000. Principal Financial Group Inc. grew its position 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 valued at $155,287,000 after acquiring an additional 781,955 shares during the period. James Hambro & Partners LLP bought a new position in shares of Entegris in the 4th quarter valued at about $72,845,000. Finally, Wealthfront Advisers LLC acquired a new position in shares of Entegris during the 4th quarter worth about $68,661,000.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on the company. Mizuho lowered their price target on Entegris from $125.00 to $120.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 7th. StockNews.com upgraded Entegris from a "sell" rating to a "hold" rating in a research note on Thursday. KeyCorp decreased their target price on Entegris from $150.00 to $141.00 and set an "overweight" rating on the stock in a report on Friday, February 7th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $120.00 price objective on shares of Entegris in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $124.88.
View Our Latest Stock Analysis on ENTG
Insider Buying and Selling at Entegris
In other news, SVP Olivier Blachier sold 984 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $108.00, for a total value of $106,272.00. Following the completion of the transaction, the senior vice president now owns 10,903 shares of the company's stock, valued at $1,177,524. This represents a 8.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Clinton M. Haris sold 12,652 shares of Entegris stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $106.92, for a total transaction of $1,352,751.84. Following the sale, the senior vice president now owns 34,820 shares in the company, valued at approximately $3,722,954.40. This represents a 26.65 % 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 Price Performance
Shares of ENTG traded up $1.45 during mid-day trading on Monday, reaching $66.84. The company had a trading volume of 7,218,705 shares, compared to its average volume of 2,186,092. The company's 50 day simple moving average is $98.67 and its 200 day simple moving average is $103.06. The company has a market capitalization of $10.11 billion, a price-to-earnings ratio of 34.63, a P/E/G ratio of 1.50 and a beta of 1.36. Entegris, Inc. has a 1-year low of $60.50 and a 1-year high of $147.57. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.86 and a current ratio of 3.08.
Entegris (NASDAQ:ENTG - Get Free Report) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share for the quarter, beating 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%. Analysts expect that Entegris, Inc. will post 3.51 EPS for the current year.
Entegris Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th were issued a $0.10 dividend. The ex-dividend date was Wednesday, January 29th. This represents a $0.40 dividend on an annualized basis and a yield of 0.60%. Entegris's payout ratio is presently 20.73%.
About Entegris
(
Free Report)
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).
Further Reading
Before you consider Entegris, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Entegris wasn't on the list.
While Entegris currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
