D1 Capital Partners L.P. Has $272.70 Million Stake in Entegris, Inc. (NASDAQ:ENTG)

D1 Capital Partners L.P. lifted its stake in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 329.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,752,902 shares of the semiconductor company's stock after buying an additional 2,111,801 shares during the quarter. Entegris comprises about 4.5% of D1 Capital Partners L.P.'s portfolio, making the stock its 6th largest holding. D1 Capital Partners L.P. owned approximately 1.82% of Entegris worth $272,702,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Fortitude Family Office LLC raised its stake in Entegris by 195.7% in the fourth quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company's stock valued at $41,000 after purchasing an additional 274 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in Entegris during the 4th quarter worth approximately $42,000. Eagle Bay Advisors LLC grew its stake in shares of Entegris by 4,375.0% in the fourth quarter. Eagle Bay Advisors LLC now owns 716 shares of the semiconductor company's stock worth $71,000 after purchasing an additional 700 shares during the last quarter. Promus Capital LLC bought a new position in shares of Entegris during the fourth quarter worth about $71,000. Finally, Smartleaf Asset Management LLC lifted its position in shares of Entegris by 27.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 731 shares of the semiconductor company's stock worth $73,000 after purchasing an additional 158 shares during the period.

Entegris Stock Performance

NASDAQ:ENTG traded up $1.02 on Friday, reaching $80.73. 2,787,961 shares of the company's stock were exchanged, compared to its average volume of 2,335,294. The stock has a fifty day simple moving average of $87.46 and a 200-day simple moving average of $98.35. 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 firm has a market cap of $12.22 billion, a price-to-earnings ratio of 41.83, a P/E/G ratio of 1.50 and a beta of 1.36.

Entegris (NASDAQ:ENTG - Get Free Report) last released 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%. As a group, sell-side analysts predict that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 21st. Investors of record on Wednesday, April 30th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend is Wednesday, April 30th. Entegris's dividend payout ratio (DPR) is presently 20.73%.

Insider Activity at Entegris

In related news, SVP Clinton M. Haris sold 12,652 shares of the company's stock in a transaction 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 completion of the transaction, the senior vice president now directly 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 the SEC website. Also, SVP Olivier Blachier sold 984 shares of the 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 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 ownership of the stock. The disclosure for this sale can be found here. 0.61% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

ENTG has been the topic of several research analyst reports. StockNews.com lowered shares of Entegris from a "hold" rating to a "sell" rating in a research note on Saturday, April 19th. KeyCorp lowered their price target on Entegris from $141.00 to $130.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Mizuho cut 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. Finally, Needham & Company LLC restated a "buy" rating and set a $120.00 price objective on shares of Entegris in a report on Friday, February 7th. One research 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, Entegris presently has a consensus rating of "Moderate Buy" and a consensus price target of $123.50.

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).