Callahan Advisors LLC Raises Stake in Entegris, Inc. (NASDAQ:ENTG)

Callahan Advisors LLC lifted its holdings in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 35.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 28,043 shares of the semiconductor company's stock after purchasing an additional 7,364 shares during the period. Callahan Advisors LLC's holdings in Entegris were worth $2,778,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ENTG. Charles Schwab Investment Management Inc. raised its stake in Entegris by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,065,812 shares of the semiconductor company's stock worth $119,936,000 after acquiring an additional 14,650 shares during the period. Synovus Financial Corp raised its stake in Entegris by 102.3% during the 3rd quarter. Synovus Financial Corp now owns 38,253 shares of the semiconductor company's stock worth $4,305,000 after acquiring an additional 19,340 shares during the period. Argent Capital Management LLC raised its stake in Entegris by 9.9% during the 4th quarter. Argent Capital Management LLC now owns 31,066 shares of the semiconductor company's stock worth $3,077,000 after acquiring an additional 2,793 shares during the period. Swedbank AB raised its stake in Entegris by 47.7% during the 4th quarter. Swedbank AB now owns 1,550,942 shares of the semiconductor company's stock worth $153,636,000 after acquiring an additional 500,581 shares during the period. Finally, Janney Montgomery Scott LLC bought a new stake in Entegris during the 3rd quarter worth approximately $1,158,000.

Insider Transactions at Entegris

In other news, SVP Clinton M. Haris sold 12,652 shares of the business's stock in a transaction dated 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. The trade was a 26.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.67% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on ENTG shares. Mizuho decreased their target price on shares of Entegris from $125.00 to $120.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. UBS Group cut their target price on shares of Entegris from $130.00 to $115.00 and set a "neutral" rating for the company in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Entegris from $145.00 to $115.00 and set a "buy" rating for the company in a report on Tuesday, November 5th. Citigroup lowered their price target on Entegris from $130.00 to $123.00 and set a "buy" rating for the company in a research report on Wednesday, November 6th. Finally, BMO Capital Markets lowered their price target on Entegris from $145.00 to $135.00 and set an "outperform" rating for the company in a research report on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $128.78.

Entegris Stock Down 3.0 %

ENTG traded down $3.17 on Friday, hitting $104.09. The company had a trading volume of 2,379,834 shares, compared to its average volume of 2,301,648. The stock has a fifty day moving average price of $103.09 and a 200-day moving average price of $106.33. Entegris, Inc. has a 12-month low of $94.92 and a 12-month 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. The stock has a market capitalization of $15.73 billion, a price-to-earnings ratio of 53.93, a P/E/G ratio of 1.51 and a beta of 1.24.

Entegris (NASDAQ:ENTG - Get Free Report) last posted its 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%. Analysts predict that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th were paid a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $0.40 annualized dividend and a yield of 0.38%. Entegris's dividend payout ratio (DPR) is presently 20.73%.

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).