CenterBook Partners LP Invests $1.92 Million in Entegris, Inc. (NASDAQ:ENTG)

CenterBook Partners LP acquired a new position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 19,369 shares of the semiconductor company's stock, valued at approximately $1,919,000.

A number of other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Entegris by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 15,202,146 shares of the semiconductor company's stock worth $1,505,925,000 after acquiring an additional 169,180 shares in the last quarter. Norges Bank purchased a new position in Entegris during the 4th quarter valued at approximately $445,988,000. Cantillon Capital Management LLC lifted its stake in shares of Entegris by 12.6% in the 4th quarter. Cantillon Capital Management LLC now owns 2,616,354 shares of the semiconductor company's stock valued at $259,176,000 after purchasing an additional 291,893 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Entegris by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 2,560,896 shares of the semiconductor company's stock valued at $253,225,000 after purchasing an additional 22,948 shares during the period. Finally, Swedbank AB grew its holdings 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 in the last quarter.

Analyst Ratings Changes

A number of brokerages recently issued reports on ENTG. StockNews.com downgraded shares of Entegris from a "hold" rating to a "sell" rating in a report on Friday, April 11th. Needham & Company LLC restated a "buy" rating and set a $120.00 price target on shares of Entegris in a research note on Friday, February 7th. KeyCorp reduced their price objective on Entegris from $141.00 to $130.00 and set an "overweight" rating on the stock in a research report on Monday. Finally, Mizuho lowered their price objective on shares of Entegris from $125.00 to $120.00 and set an "outperform" rating for the company in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $123.50.

Entegris Stock Down 5.4 %

NASDAQ ENTG traded down $3.92 on Wednesday, hitting $68.18. The stock had a trading volume of 875,637 shares, compared to its average volume of 2,268,133. The business's fifty day moving average price is $93.11 and its 200 day moving average price is $100.53. Entegris, Inc. has a 52-week low of $60.75 and a 52-week 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 stock has a market cap of $10.32 billion, a price-to-earnings ratio of 35.33, a price-to-earnings-growth ratio of 1.50 and a beta of 1.36.

Entegris (NASDAQ:ENTG - Get Free Report) last announced its quarterly earnings data 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%. Equities research analysts anticipate that Entegris, Inc. will post 3.51 earnings per share for the current year.

Insiders Place Their Bets

In related news, SVP Olivier Blachier sold 984 shares of the firm'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 transaction of $106,272.00. Following the completion of the transaction, the senior vice president now owns 10,903 shares in the company, valued at $1,177,524. This trade represents a 8.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Clinton M. Haris sold 12,652 shares of the company's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $106.92, for a total transaction of $1,352,751.84. Following the transaction, 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 disclosure for this sale can be found here. 0.67% of the stock is currently owned by insiders.

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).