Louisbourg Investments Inc. Purchases Shares of 21,765 Entegris, Inc. (NASDAQ:ENTG)

Louisbourg Investments Inc. purchased a new stake in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 21,765 shares of the semiconductor company's stock, valued at approximately $2,156,000.

Other hedge funds have also added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new stake in shares of Entegris during the third quarter worth $29,000. Blue Trust Inc. increased its position in shares of Entegris by 221.3% in the third quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company's stock worth $39,000 after purchasing an additional 239 shares during the period. Fortitude Family Office LLC increased its position 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 worth $41,000 after purchasing an additional 274 shares during the period. Covestor Ltd grew its position in Entegris by 241.8% in the third quarter. Covestor Ltd now owns 417 shares of the semiconductor company's stock valued at $47,000 after acquiring an additional 295 shares during the last quarter. Finally, Huntington National Bank grew its position in Entegris by 41.0% in the third quarter. Huntington National Bank now owns 454 shares of the semiconductor company's stock valued at $51,000 after acquiring an additional 132 shares during the last quarter.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. BMO Capital Markets reduced their price target on Entegris from $145.00 to $135.00 and set an "outperform" rating on the stock in a report on Tuesday, November 5th. Needham & Company LLC restated a "buy" rating and set a $120.00 price target on shares of Entegris in a report on Friday, February 7th. Citigroup reduced their price target on Entegris from $130.00 to $123.00 and set a "buy" rating on the stock in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft reduced their price target on Entegris from $145.00 to $115.00 and set a "buy" rating on the stock in a report on Tuesday, November 5th. Finally, UBS Group cut 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. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $130.60.

Entegris Trading Down 1.6 %

ENTG traded down $1.73 during trading on Friday, hitting $107.12. The company's stock had a trading volume of 1,709,676 shares, compared to its average volume of 2,516,464. Entegris, Inc. has a twelve month low of $94.92 and a twelve month high of $147.57. The company has a quick ratio of 1.83, a current ratio of 2.92 and a debt-to-equity ratio of 1.14. The stock's fifty day moving average price is $103.20 and its 200-day moving average price is $106.47. The firm has a market capitalization of $16.18 billion, a P/E ratio of 55.50, a PEG ratio of 1.49 and a beta of 1.24.

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 (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.07. Entegris had a return on equity of 13.00% and a net margin of 9.03%. Analysts anticipate that Entegris, Inc. will post 3.63 EPS for the current year.

Entegris Dividend Announcement

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

Insider Transactions at Entegris

In related news, SVP Clinton M. Haris sold 12,652 shares of the company's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $106.92, for a total transaction of $1,352,751.84. Following the completion of the sale, the senior vice president now owns 34,820 shares in the company, valued at approximately $3,722,954.40. This represents a 26.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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).