Harber Asset Management LLC Purchases Shares of 69,600 Entegris, Inc. (NASDAQ:ENTG)

Harber Asset Management LLC acquired a new position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 69,600 shares of the semiconductor company's stock, valued at approximately $6,895,000. Entegris accounts for about 2.1% of Harber Asset Management LLC's portfolio, making the stock its 22nd biggest position.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Argent Trust Co boosted its holdings in Entegris by 24.4% in the 4th quarter. Argent Trust Co now owns 4,347 shares of the semiconductor company's stock valued at $431,000 after purchasing an additional 853 shares in the last quarter. Treasurer of the State of North Carolina lifted its holdings in shares of Entegris by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 66,217 shares of the semiconductor company's stock valued at $6,559,000 after buying an additional 420 shares during the period. Capital Fund Management S.A. purchased a new stake in shares of Entegris in the fourth quarter valued at approximately $2,887,000. F M Investments LLC acquired a new position in Entegris during the fourth quarter worth $285,000. Finally, Evexia Wealth LLC purchased a new position in Entegris in the fourth quarter worth $280,000.

Analyst Ratings Changes

A number of research firms have recently weighed in on ENTG. Needham & Company LLC reaffirmed a "buy" rating and set a $120.00 price target on shares of Entegris in a research note on Friday, February 7th. StockNews.com lowered Entegris from a "hold" rating to a "sell" rating in a research note on Saturday. Mizuho dropped their price objective on Entegris from $125.00 to $120.00 and set an "outperform" rating for the company in a research note on Tuesday, January 7th. Finally, KeyCorp lowered their target price on Entegris from $141.00 to $130.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $123.50.

Insider Transactions at Entegris

In related news, SVP Clinton M. Haris sold 12,652 shares of the firm's stock in a transaction that occurred 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 sale, the senior vice president now directly owns 34,820 shares of the company's stock, valued at approximately $3,722,954.40. This trade 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 at the SEC website. Also, SVP Olivier Blachier sold 984 shares of the company's stock in a transaction that occurred on 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 directly owns 10,903 shares of the company's stock, valued at $1,177,524. This trade 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 Price Performance

Shares of NASDAQ ENTG traded up $1.13 during trading on Friday, reaching $68.73. The company had a trading volume of 2,973,305 shares, compared to its average volume of 2,293,814. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08. The stock has a market capitalization 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. Entegris, Inc. has a twelve month low of $60.75 and a twelve month high of $147.57. The stock has a 50-day moving average price of $90.83 and a two-hundred day moving average price of $99.71.

Entegris (NASDAQ:ENTG - Get Free Report) last announced its 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 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. Shareholders 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 dividend yield of 0.58%. The ex-dividend date is Wednesday, April 30th. Entegris's dividend payout ratio is presently 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).