Van ECK Associates Corp Buys 3,267 Shares of Entegris, Inc. (NASDAQ:ENTG)

Van ECK Associates Corp grew its holdings in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 3.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 110,364 shares of the semiconductor company's stock after purchasing an additional 3,267 shares during the quarter. Van ECK Associates Corp owned about 0.07% of Entegris worth $10,933,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Mountaineer Partners Management LLC boosted its position in Entegris by 16,255.1% during the third quarter. Mountaineer Partners Management LLC now owns 11,044,594 shares of the semiconductor company's stock worth $1,242,848,000 after purchasing an additional 10,977,064 shares during the period. Geode Capital Management LLC boosted its position in shares of Entegris by 2.0% in the third quarter. Geode Capital Management LLC now owns 2,537,948 shares of the semiconductor company's stock valued at $284,941,000 after acquiring an additional 49,846 shares during the period. Swedbank AB boosted its position in shares of Entegris by 47.7% in the fourth quarter. Swedbank AB now owns 1,550,942 shares of the semiconductor company's stock valued at $153,636,000 after acquiring an additional 500,581 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of Entegris by 0.9% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,503,656 shares of the semiconductor company's stock valued at $169,206,000 after acquiring an additional 12,913 shares during the period. Finally, Principal Financial Group Inc. boosted its position in shares of Entegris by 130.8% in the third quarter. Principal Financial Group Inc. now owns 1,379,963 shares of the semiconductor company's stock valued at $155,287,000 after acquiring an additional 781,955 shares during the period.

Insiders Place Their Bets

In other Entegris 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 value of $1,352,751.84. Following the completion of the transaction, the senior vice president now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.67% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ENTG. KeyCorp cut their price objective on shares of Entegris from $150.00 to $141.00 and set an "overweight" rating for the company in a research report on Friday, February 7th. StockNews.com upgraded shares of Entegris from a "sell" rating to a "hold" rating in a research report on Wednesday. Needham & Company LLC restated a "buy" rating and issued a $120.00 price objective on shares of Entegris in a research report on Friday, February 7th. Craig Hallum lowered their target price on shares of Entegris from $150.00 to $130.00 and set a "buy" rating on the stock in a research note on Tuesday, November 5th. Finally, Citigroup lowered their target price on shares of Entegris from $130.00 to $123.00 and set a "buy" rating on the stock in a research note on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $128.78.

Entegris Trading Down 0.7 %

Shares of Entegris stock traded down $0.73 on Thursday, hitting $107.26. The stock had a trading volume of 1,723,552 shares, compared to its average volume of 2,299,280. The company has a quick ratio of 1.86, a current ratio of 3.08 and a debt-to-equity ratio of 1.08. Entegris, Inc. has a one year low of $94.92 and a one year high of $147.57. The stock has a market cap of $16.21 billion, a price-to-earnings ratio of 55.58, a PEG ratio of 1.51 and a beta of 1.24. The stock's 50-day simple moving average is $103.14 and its two-hundred day simple moving average is $106.31.

Entegris (NASDAQ:ENTG - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share for the quarter, beating the consensus estimate 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 EPS for the current year.

Entegris Dividend Announcement

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

About Entegris

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).