Entegris, Inc. (NASDAQ:ENTG) Shares Purchased by National Bank of Canada FI

National Bank of Canada FI raised its stake in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 66,855.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 490,780 shares of the semiconductor company's stock after buying an additional 490,047 shares during the quarter. National Bank of Canada FI owned about 0.33% of Entegris worth $48,617,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Mountaineer Partners Management LLC boosted its position in shares of 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 acquiring an additional 10,977,064 shares during the last quarter. Norges Bank bought a new position in shares of Entegris during the 4th quarter valued at about $445,988,000. Raymond James Financial Inc. bought a new position in shares of Entegris during the 4th quarter valued at about $91,869,000. Principal Financial Group Inc. grew its position in shares of Entegris by 130.8% during 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 purchasing an additional 781,955 shares in the last quarter. Finally, James Hambro & Partners LLP bought a new stake in shares of Entegris in the fourth quarter worth about $72,845,000.

Insiders Place Their Bets

In related news, SVP Clinton M. Haris sold 12,652 shares of the business'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 sale, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Olivier Blachier sold 984 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $108.00, for a total value 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. This represents a 8.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by company insiders.

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Entegris Stock Down 9.1 %

Shares of ENTG traded down $6.55 during midday trading on Friday, hitting $65.39. 9,577,103 shares of the company's stock traded hands, compared to its average volume of 2,159,452. The firm's fifty day moving average is $99.45 and its 200-day moving average is $103.48. The stock has a market capitalization of $9.89 billion, a price-to-earnings ratio of 33.88, a price-to-earnings-growth ratio of 1.50 and a beta of 1.36. 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, Inc. has a 1 year low of $61.27 and a 1 year high of $147.57.

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, topping 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 anticipate that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th were given a $0.10 dividend. The ex-dividend date was Wednesday, January 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.61%. Entegris's dividend payout ratio (DPR) is currently 20.73%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. KeyCorp cut their price target on Entegris from $150.00 to $141.00 and set an "overweight" rating for the company in a report on Friday, February 7th. StockNews.com raised shares of Entegris from a "sell" rating to a "hold" rating in a report on Thursday. Needham & Company LLC reiterated a "buy" rating and set a $120.00 price objective on shares of Entegris in a research report on Friday, February 7th. Finally, Mizuho reduced 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. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $124.88.

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).