Hsbc Holdings PLC Boosts Stock Holdings in Entegris, Inc. (NASDAQ:ENTG)

Hsbc Holdings PLC boosted its position in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 146.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 91,985 shares of the semiconductor company's stock after purchasing an additional 54,703 shares during the period. Hsbc Holdings PLC owned about 0.06% of Entegris worth $9,096,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in ENTG. Fortitude Family Office LLC boosted its stake in shares of Entegris by 195.7% in the fourth quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company's stock valued at $41,000 after buying an additional 274 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Entegris in the fourth quarter valued at about $42,000. Eagle Bay Advisors LLC boosted its holdings in Entegris by 4,375.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 716 shares of the semiconductor company's stock worth $71,000 after buying an additional 700 shares in the last quarter. Promus Capital LLC purchased a new position in Entegris in the fourth quarter valued at about $71,000. Finally, Smartleaf Asset Management LLC lifted its position in shares of Entegris by 27.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 731 shares of the semiconductor company's stock valued at $73,000 after acquiring an additional 158 shares during the period.

Entegris Stock Performance

Shares of ENTG opened at $80.73 on Monday. Entegris, Inc. has a 1 year low of $60.75 and a 1 year high of $147.57. The company's 50 day simple moving average is $87.46 and its 200 day simple moving average is $98.28. The company has a market capitalization of $12.22 billion, a price-to-earnings ratio of 41.83, a PEG ratio of 1.50 and a beta of 1.36. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.86 and a current ratio of 3.08.

Entegris (NASDAQ:ENTG - Get Free Report) last issued its quarterly earnings results 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 return on equity of 12.83% and a net margin of 9.03%. On average, sell-side analysts predict that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 21st. Investors of record on Wednesday, April 30th will be given a $0.10 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.50%. Entegris's dividend payout ratio is presently 20.73%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on ENTG shares. 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. StockNews.com downgraded Entegris from a "hold" rating to a "sell" rating in a research note on Saturday, April 19th. KeyCorp lowered their price objective on shares of Entegris from $141.00 to $130.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Finally, Needham & Company LLC restated a "buy" rating and set a $120.00 target price on shares of Entegris in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Entegris currently has a consensus rating of "Moderate Buy" and a consensus price target of $123.50.

Insider Activity 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 transaction, the senior vice president now owns 34,820 shares in the company, 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 filing with the SEC, which is accessible through the SEC website. Also, SVP Olivier Blachier sold 984 shares of the firm's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $108.00, for a total transaction of $106,272.00. Following the completion of the transaction, the senior vice president now directly owns 10,903 shares in the company, valued at approximately $1,177,524. This represents a 8.28 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is owned by insiders.

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).

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