Madison Investment Advisors LLC Acquires New Position in Entegris, Inc. (NASDAQ:ENTG)

Madison Investment Advisors LLC bought a new position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 46,577 shares of the semiconductor company's stock, valued at approximately $4,614,000.

A number of other large investors have also recently made changes to their positions in the stock. Fortitude Family Office LLC lifted its holdings in Entegris by 195.7% during the 4th quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company's stock worth $41,000 after purchasing an additional 274 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Entegris in the fourth quarter worth about $42,000. Covestor Ltd lifted its holdings in shares of Entegris by 241.8% in the third quarter. Covestor Ltd now owns 417 shares of the semiconductor company's stock worth $47,000 after buying an additional 295 shares in the last quarter. Huntington National Bank boosted its position in shares of 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 period. Finally, Eagle Bay Advisors LLC grew its stake in Entegris by 4,375.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 716 shares of the semiconductor company's stock valued at $71,000 after acquiring an additional 700 shares in the last quarter.

Insider Activity

In other news, SVP Clinton M. Haris sold 12,652 shares of the stock in a transaction dated Monday, February 10th. The shares were 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 directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Olivier Blachier sold 984 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $108.00, for a total value of $106,272.00. Following the completion of the sale, the senior vice president now owns 10,903 shares of the company's stock, valued at approximately $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.

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Entegris Price Performance

Shares of Entegris stock traded down $0.65 during trading on Tuesday, hitting $100.15. 1,414,525 shares of the stock traded hands, compared to its average volume of 1,899,661. The stock has a market cap of $15.14 billion, a price-to-earnings ratio of 51.89, a PEG ratio of 1.50 and a beta of 1.32. The company has a quick ratio of 1.86, a current ratio of 3.08 and a debt-to-equity ratio of 1.08. Entegris, Inc. has a 52 week low of $92.84 and a 52 week high of $147.57. The firm's fifty day moving average is $102.31 and its 200-day moving average is $105.05.

Entegris (NASDAQ:ENTG - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.84 EPS for the quarter, beating 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%. Research analysts expect that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, January 29th. This represents a $0.40 annualized dividend and a yield of 0.40%. Entegris's payout ratio is 20.73%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. KeyCorp cut their price target on shares of Entegris from $150.00 to $141.00 and set an "overweight" rating for the company in a report on Friday, February 7th. Needham & Company LLC reissued a "buy" rating and set a $120.00 price objective on shares of Entegris in a research note on Friday, February 7th. Mizuho decreased their target price on Entegris from $125.00 to $120.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. Finally, StockNews.com upgraded Entegris from a "sell" rating to a "hold" rating in a research report on Thursday, March 13th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Entegris currently has an average rating of "Moderate Buy" and a consensus target price of $124.88.

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).