Phraction Management LLC Acquires New Shares in Entegris, Inc. (NASDAQ:ENTG)

Phraction Management LLC bought a new position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,672 shares of the semiconductor company's stock, valued at approximately $1,354,000.

A number of other large investors have also bought and sold shares of ENTG. Van ECK Associates Corp boosted its position in shares of Entegris by 3.1% during the 4th quarter. Van ECK Associates Corp now owns 110,364 shares of the semiconductor company's stock worth $10,933,000 after purchasing an additional 3,267 shares in the last quarter. Values First Advisors Inc. boosted its holdings in Entegris by 55.0% in the fourth quarter. Values First Advisors Inc. now owns 6,004 shares of the semiconductor company's stock worth $595,000 after acquiring an additional 2,130 shares in the last quarter. Louisbourg Investments Inc. acquired a new stake in Entegris in the fourth quarter valued at approximately $2,156,000. Equitable Trust Co. increased its holdings in shares of Entegris by 61.0% during the fourth quarter. Equitable Trust Co. now owns 10,468 shares of the semiconductor company's stock valued at $1,037,000 after acquiring an additional 3,967 shares in the last quarter. Finally, Empowered Funds LLC raised its position in shares of Entegris by 19.8% during the fourth quarter. Empowered Funds LLC now owns 23,101 shares of the semiconductor company's stock worth $2,288,000 after purchasing an additional 3,816 shares during the period.

Entegris Stock Performance

ENTG stock traded down $1.73 during midday trading on Monday, 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. The stock has a market cap of $16.18 billion, a price-to-earnings ratio of 55.50, a PEG ratio of 1.49 and a beta of 1.24. 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 50-day moving average price is $103.20 and its 200 day moving average price is $106.28. Entegris, Inc. has a 1 year low of $94.92 and a 1 year high of $147.57.

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 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 13.00%. On average, equities analysts forecast that Entegris, Inc. will post 3.63 EPS for the current year.

Entegris Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Mizuho decreased 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. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Entegris from $145.00 to $115.00 and set a "buy" rating on the stock in a report on Tuesday, November 5th. Citigroup cut their price target on Entegris from $130.00 to $123.00 and set a "buy" rating for the company in a research note on Wednesday, November 6th. KeyCorp dropped their target price on Entegris from $150.00 to $141.00 and set an "overweight" rating on the stock in a report on Friday, February 7th. Finally, BMO Capital Markets decreased their price target on Entegris from $145.00 to $135.00 and set an "outperform" rating for the company in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, Entegris has an average rating of "Moderate Buy" and an average price target of $128.78.

Insider Buying and Selling

In related news, SVP Clinton M. Haris sold 12,652 shares of Entegris stock in a transaction dated 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 completion of the sale, the senior vice president now owns 34,820 shares of the company's stock, valued at approximately $3,722,954.40. This trade represents a 26.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.67% of the stock is currently 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).