EFG Asset Management North America Corp. Increases Stock Holdings in Entegris, Inc. (NASDAQ:ENTG)

EFG Asset Management North America Corp. raised its position in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 34.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,594 shares of the semiconductor company's stock after purchasing an additional 5,493 shares during the quarter. EFG Asset Management North America Corp.'s holdings in Entegris were worth $2,139,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Synovus Financial Corp lifted its stake in Entegris by 102.3% in the 3rd quarter. Synovus Financial Corp now owns 38,253 shares of the semiconductor company's stock valued at $4,305,000 after purchasing an additional 19,340 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Entegris by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,065,812 shares of the semiconductor company's stock valued at $119,936,000 after purchasing an additional 14,650 shares during the period. Swedbank AB grew its holdings in Entegris by 47.7% in the 4th 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 in the last quarter. Argent Capital Management LLC increased its position in Entegris by 9.9% during the 4th quarter. Argent Capital Management LLC now owns 31,066 shares of the semiconductor company's stock worth $3,077,000 after buying an additional 2,793 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Entegris by 14.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,060,378 shares of the semiconductor company's stock worth $105,041,000 after buying an additional 137,046 shares in the last quarter.

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Analyst Ratings Changes

A number of equities analysts recently commented on ENTG shares. Needham & Company LLC reaffirmed a "buy" rating and set a $120.00 price target on shares of Entegris in a research report on Friday, February 7th. 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. 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 report on Tuesday, January 7th. Finally, StockNews.com downgraded shares of Entegris from a "hold" rating to a "sell" rating in a report on Monday, March 24th. 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. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $124.88.

Entegris Price Performance

Shares of NASDAQ ENTG traded down $3.80 during mid-day trading on Friday, hitting $88.74. 2,803,737 shares of the stock traded hands, compared to its average volume of 2,088,488. Entegris, Inc. has a twelve month low of $87.72 and a twelve month high of $147.57. The firm has a 50 day simple moving average of $101.34 and a two-hundred day simple moving average of $104.19. 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 company has a market cap of $13.43 billion, a PE ratio of 45.98, a price-to-earnings-growth ratio of 1.50 and a beta of 1.32.

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 (EPS) 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, equities research analysts forecast that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend was Wednesday, January 29th. Entegris's payout ratio is 20.73%.

Insider Transactions at Entegris

In other Entegris 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 sale, the senior vice president now directly owns 34,820 shares of the company's stock, valued at $3,722,954.40. This represents a 26.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Olivier Blachier sold 984 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $108.00, for a total transaction of $106,272.00. Following the transaction, the senior vice president now owns 10,903 shares of the company's stock, valued at $1,177,524. This represents a 8.28 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.67% of the company's stock.

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).