Congress Asset Management Co. Boosts Stake in Entegris, Inc. (NASDAQ:ENTG)

Congress Asset Management Co. raised its holdings in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 8.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 144,512 shares of the semiconductor company's stock after purchasing an additional 10,714 shares during the period. Congress Asset Management Co. owned 0.10% of Entegris worth $14,315,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Capital Performance Advisors LLP bought a new stake in shares of Entegris during the third quarter valued at about $29,000. Blue Trust Inc. grew its stake in Entegris by 221.3% during the third quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company's stock valued at $39,000 after acquiring an additional 239 shares in the last quarter. Fortitude Family Office LLC increased 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 worth $41,000 after acquiring an additional 274 shares during the period. Covestor Ltd lifted its stake in Entegris by 241.8% in the 3rd quarter. Covestor Ltd now owns 417 shares of the semiconductor company's stock worth $47,000 after purchasing an additional 295 shares in the last quarter. Finally, Huntington National Bank boosted its holdings in Entegris by 41.0% in the 3rd quarter. Huntington National Bank now owns 454 shares of the semiconductor company's stock valued at $51,000 after purchasing an additional 132 shares during the period.

Analysts Set New Price Targets

ENTG has been the topic of a number of recent analyst reports. Craig Hallum lowered their price objective on Entegris from $150.00 to $130.00 and set a "buy" rating on the stock in a research report on Tuesday, November 5th. Mizuho decreased their target price on 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 dropped their price target on Entegris from $130.00 to $115.00 and set a "neutral" rating for the company in a research report on Tuesday, November 5th. StockNews.com upgraded shares of Entegris from a "sell" rating to a "hold" rating in a research report on Wednesday. Finally, Citigroup dropped their target price on shares of Entegris from $130.00 to $123.00 and set a "buy" rating for the company in a research report on Wednesday, November 6th. 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 a consensus rating of "Moderate Buy" and an average target price of $128.78.

Entegris Trading Down 0.7 %

Shares of ENTG traded down $0.73 during mid-day trading on Thursday, reaching $107.26. The company's stock had a trading volume of 1,723,565 shares, compared to its average volume of 2,299,280. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08. Entegris, Inc. has a 52 week low of $94.92 and a 52 week high of $147.57. The company's fifty day moving average price is $103.14 and its two-hundred day moving average price is $106.31. The stock has a market cap of $16.21 billion, a PE ratio of 55.58, a P/E/G ratio of 1.51 and a beta of 1.24.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.77 by $0.07. Entegris had a return on equity of 12.83% and a net margin of 9.03%. On average, analysts predict that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th were given a $0.10 dividend. The ex-dividend date was Wednesday, January 29th. This represents a $0.40 annualized dividend and a yield of 0.37%. Entegris's payout ratio is currently 20.73%.

Insider Activity

In other news, 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 completion of the transaction, the senior vice president now directly owns 34,820 shares of the company's stock, valued at approximately $3,722,954.40. This represents a 26.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.67% of the company's stock.

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).