Equitable Trust Co. Purchases 3,967 Shares of Entegris, Inc. (NASDAQ:ENTG)

Equitable Trust Co. raised its holdings in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 61.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,468 shares of the semiconductor company's stock after purchasing an additional 3,967 shares during the quarter. Equitable Trust Co.'s holdings in Entegris were worth $1,037,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Mountaineer Partners Management LLC lifted its holdings in shares of Entegris by 16,255.1% in the third quarter. Mountaineer Partners Management LLC now owns 11,044,594 shares of the semiconductor company's stock valued at $1,242,848,000 after purchasing an additional 10,977,064 shares in the last quarter. Assenagon Asset Management S.A. raised its position in Entegris by 1,076.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 923,332 shares of the semiconductor company's stock valued at $103,903,000 after buying an additional 844,837 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Entegris by 130.8% during the 3rd 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 in the last quarter. Swedbank AB lifted its stake in Entegris by 249.7% during the 3rd quarter. Swedbank AB now owns 1,050,361 shares of the semiconductor company's stock valued at $118,197,000 after acquiring an additional 750,000 shares in the last quarter. Finally, James Hambro & Partners LLP bought a new position in Entegris during the 4th quarter valued at $72,845,000.

Analysts Set New Price Targets

Several equities analysts have weighed in on ENTG shares. KeyCorp dropped their price objective on Entegris from $150.00 to $141.00 and set an "overweight" rating on the stock in a research note on Friday, February 7th. UBS Group dropped their price objective on Entegris from $130.00 to $115.00 and set a "neutral" rating on the stock in a research note on Tuesday, November 5th. Mizuho dropped their price objective on Entegris from $125.00 to $120.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. Needham & Company LLC restated a "buy" rating and set a $120.00 price objective on shares of Entegris in a research note on Friday, February 7th. Finally, Craig Hallum dropped their price objective on Entegris from $150.00 to $130.00 and set a "buy" rating on the stock in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $130.60.

Entegris Stock Performance

Shares of NASDAQ ENTG traded down $1.73 during mid-day trading on Friday, hitting $107.12. The company had a trading volume of 1,709,676 shares, compared to its average volume of 2,359,518. The stock's 50-day moving average price is $103.20 and its 200-day moving average price is $106.47. The company has a market capitalization of $16.17 billion, a price-to-earnings ratio of 55.50, a P/E/G ratio of 1.49 and a beta of 1.24. The company has a current ratio of 2.92, a quick ratio of 1.83 and a debt-to-equity ratio of 1.14. Entegris, Inc. has a 1 year low of $94.92 and a 1 year high of $147.57.

Entegris (NASDAQ:ENTG - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.84 EPS 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 13.00%. On average, sell-side analysts forecast that Entegris, Inc. will post 3.63 earnings per share for the current year.

Entegris Announces Dividend

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

Insider Buying and Selling at Entegris

In related news, SVP Clinton M. Haris sold 12,652 shares of the stock in a transaction on 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 transaction, the senior vice president now 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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).