Mesirow Institutional Investment Management Inc. Buys 8,870 Shares of Entegris, Inc. (NASDAQ:ENTG)

Mesirow Institutional Investment Management Inc. boosted its position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 36.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 33,488 shares of the semiconductor company's stock after purchasing an additional 8,870 shares during the period. Mesirow Institutional Investment Management Inc.'s holdings in Entegris were worth $3,317,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in ENTG. Fortitude Family Office LLC grew its holdings in shares of Entegris by 195.7% during 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. Promus Capital LLC purchased a new position in Entegris during the 4th quarter valued at about $71,000. Eagle Bay Advisors LLC increased its holdings in shares of Entegris by 4,375.0% in the 4th quarter. Eagle Bay Advisors LLC now owns 716 shares of the semiconductor company's stock valued at $71,000 after purchasing an additional 700 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of Entegris by 27.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 731 shares of the semiconductor company's stock worth $73,000 after purchasing an additional 158 shares in the last quarter. Finally, Blue Trust Inc. grew its position in Entegris by 121.3% during the fourth quarter. Blue Trust Inc. now owns 768 shares of the semiconductor company's stock valued at $76,000 after purchasing an additional 421 shares in the last quarter.

Entegris Stock Up 4.4 %

Shares of NASDAQ ENTG traded up $3.08 during mid-day trading on Wednesday, reaching $72.41. 2,680,308 shares of the company traded hands, compared to its average volume of 2,312,001. The company's fifty day moving average is $88.54 and its two-hundred day moving average is $98.84. 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, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $147.57. The stock has a market cap of $10.96 billion, a PE ratio of 37.52, a price-to-earnings-growth ratio of 1.50 and a beta of 1.36.

Entegris (NASDAQ:ENTG - Get Free Report) last released 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%. On average, analysts expect that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Wednesday, April 30th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend is Wednesday, April 30th. Entegris's dividend payout ratio (DPR) is 20.73%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ENTG. Needham & Company LLC reissued a "buy" rating and set a $120.00 target price on shares of Entegris in a research note on Friday, February 7th. StockNews.com cut Entegris from a "hold" rating to a "sell" rating in a research report on Saturday. KeyCorp dropped their target price on Entegris from $141.00 to $130.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Finally, Mizuho reduced their price target on Entegris from $125.00 to $120.00 and set an "outperform" rating for the company in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Entegris has an average rating of "Moderate Buy" and an average target price of $123.50.

Insider Activity

In other Entegris news, SVP Clinton M. Haris sold 12,652 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The stock was 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 owns 34,820 shares of the company's stock, valued at $3,722,954.40. This trade represents a 26.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 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 value of $106,272.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by company insiders.

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).