Bank of Montreal Can Grows Stake in Entegris, Inc. (NASDAQ:ENTG)

Bank of Montreal Can increased its stake in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 6.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 115,322 shares of the semiconductor company's stock after purchasing an additional 6,605 shares during the period. Bank of Montreal Can owned approximately 0.08% of Entegris worth $11,424,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Entegris by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 15,202,146 shares of the semiconductor company's stock valued at $1,505,925,000 after buying an additional 169,180 shares during the period. Norges Bank bought a new stake in shares of Entegris during the 4th quarter valued at about $445,988,000. Cantillon Capital Management LLC increased its position in shares of Entegris by 12.6% during 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 holdings in shares of Entegris by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 2,560,896 shares of the semiconductor company's stock worth $253,225,000 after buying an additional 22,948 shares during the last quarter. Finally, Swedbank AB grew its position in Entegris by 47.7% during the fourth quarter. Swedbank AB now owns 1,550,942 shares of the semiconductor company's stock valued at $153,636,000 after buying an additional 500,581 shares during the period.

Insider Buying and Selling at Entegris

In related news, SVP Olivier Blachier sold 984 shares of Entegris stock in a transaction dated Friday, February 21st. The shares were 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 directly owns 10,903 shares of the company's stock, valued at approximately $1,177,524. The trade was a 8.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Clinton M. Haris sold 12,652 shares of the firm'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 completion of the sale, the senior vice president now directly owns 34,820 shares of the company's stock, valued at approximately $3,722,954.40. The trade was a 26.65 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

Entegris Price Performance

Shares of NASDAQ:ENTG traded up $1.13 during midday trading on Friday, reaching $68.73. 2,973,305 shares of the company were exchanged, compared to its average volume of 2,290,136. The stock has a market cap of $10.40 billion, a PE ratio of 35.61, a price-to-earnings-growth ratio of 1.50 and a beta of 1.36. The business's fifty day moving average is $91.57 and its two-hundred day moving average is $100.00. Entegris, Inc. has a one year low of $60.75 and a one year high of $147.57. 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 (NASDAQ:ENTG - Get Free Report) last issued 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 return on equity of 12.83% and a net margin of 9.03%. As a group, analysts predict that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 21st. Investors of record on Wednesday, April 30th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend is Wednesday, April 30th. Entegris's payout ratio is 20.73%.

Entegris Company 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).