Norges Bank Acquires Shares of 4,502,200 Entegris, Inc. (NASDAQ:ENTG)

Norges Bank acquired a new stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,502,200 shares of the semiconductor company's stock, valued at approximately $445,988,000. Norges Bank owned 2.98% of Entegris as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Entegris by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 15,202,146 shares of the semiconductor company's stock worth $1,505,925,000 after acquiring an additional 169,180 shares during the period. Mountaineer Partners Management LLC boosted its holdings in Entegris by 16,255.1% in the 3rd quarter. Mountaineer Partners Management LLC now owns 11,044,594 shares of the semiconductor company's stock valued at $1,242,848,000 after purchasing an additional 10,977,064 shares in the last quarter. Cantillon Capital Management LLC increased its position in Entegris by 12.6% during the 4th quarter. Cantillon Capital Management LLC now owns 2,616,354 shares of the semiconductor company's stock worth $259,176,000 after purchasing an additional 291,893 shares during the period. Geode Capital Management LLC raised its stake in shares of Entegris by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,537,948 shares of the semiconductor company's stock worth $284,941,000 after buying an additional 49,846 shares in the last quarter. Finally, Swedbank AB lifted its holdings in shares of Entegris by 47.7% in the 4th 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 during the period.

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Entegris Trading Up 0.7 %

NASDAQ:ENTG traded up $0.59 during mid-day trading on Wednesday, reaching $86.79. The company's stock had a trading volume of 813,865 shares, compared to its average volume of 2,924,815. The stock has a market cap of $13.13 billion, a P/E ratio of 44.97, a P/E/G ratio of 1.50 and a beta of 1.32. Entegris, Inc. has a twelve month low of $83.97 and a twelve month high of $147.57. 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 company's fifty day simple moving average is $100.55 and its two-hundred day simple moving average is $103.83.

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

Entegris Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Investors 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 annualized dividend and a dividend yield of 0.46%. Entegris's payout ratio is 20.73%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on ENTG shares. Mizuho cut their price objective on Entegris from $125.00 to $120.00 and set an "outperform" rating for the company in a research report on Tuesday, January 7th. Needham & Company LLC reiterated a "buy" rating and issued a $120.00 price target on shares of Entegris in a report on Friday, February 7th. StockNews.com downgraded shares of Entegris from a "hold" rating to a "sell" rating in a report on Monday, March 24th. Finally, KeyCorp dropped their target price 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. One 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's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $124.88.

Insider Buying and Selling

In other news, SVP Olivier Blachier sold 984 shares of the business'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 transaction, the senior vice president now directly owns 10,903 shares of the company's stock, 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 SEC, which is available at this hyperlink. Also, SVP Clinton M. Haris sold 12,652 shares of the firm's stock in a transaction on 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 sale, the senior vice president now directly owns 34,820 shares of the company's stock, valued at approximately $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. 0.67% of the stock is owned by corporate insiders.

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).