KLP Kapitalforvaltning AS Acquires Shares of 47,500 Entegris, Inc. (NASDAQ:ENTG)

KLP Kapitalforvaltning AS purchased a new position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 47,500 shares of the semiconductor company's stock, valued at approximately $4,705,000.

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

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Analyst Ratings Changes

Several equities analysts have weighed in on ENTG shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $120.00 target price on shares of Entegris in a research report on Friday, February 7th. KeyCorp lowered their price objective on shares of Entegris from $150.00 to $141.00 and set an "overweight" rating for the company in a research note on Friday, February 7th. StockNews.com downgraded shares of Entegris from a "hold" rating to a "sell" rating in a research note on Monday, March 24th. Finally, Mizuho dropped their price target on shares of Entegris from $125.00 to $120.00 and set an "outperform" rating for the company in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $124.88.

Insider Transactions at Entegris

In other news, SVP Olivier Blachier sold 984 shares of Entegris 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 sale, the senior vice president now owns 10,903 shares in the company, valued at approximately $1,177,524. The trade was a 8.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Clinton M. Haris sold 12,652 shares of the business's stock in a transaction dated 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 directly owns 34,820 shares of the company's stock, valued at $3,722,954.40. The trade was a 26.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.67% of the company's stock.

Entegris Stock Down 4.1 %

Shares of Entegris stock traded down $3.80 during trading on Friday, hitting $88.74. 2,803,737 shares of the stock were exchanged, compared to its average volume of 2,088,488. 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 firm's 50-day moving average price is $101.34 and its 200 day moving average price is $104.19. The stock has a market cap of $13.43 billion, a price-to-earnings ratio of 45.98, a price-to-earnings-growth ratio of 1.50 and a beta of 1.32. Entegris, Inc. has a 12-month low of $87.72 and a 12-month high of $147.57.

Entegris (NASDAQ:ENTG - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share (EPS) 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%. As a group, analysts forecast that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $0.40 dividend on an annualized basis and a yield of 0.45%. Entegris's payout ratio is currently 20.73%.

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).