Polen Capital Management LLC Takes Position in Entegris, Inc. (NASDAQ:ENTG)

Polen Capital Management LLC bought a new stake in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,026 shares of the semiconductor company's stock, valued at approximately $1,092,000.

Other large investors also recently added to or reduced their stakes in the company. Synovus Financial Corp grew its position in Entegris by 102.3% during the third quarter. Synovus Financial Corp now owns 38,253 shares of the semiconductor company's stock valued at $4,305,000 after buying an additional 19,340 shares during the period. Charles Schwab Investment Management Inc. grew its position in Entegris by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,065,812 shares of the semiconductor company's stock valued at $119,936,000 after buying an additional 14,650 shares during the period. Swedbank AB grew its position in Entegris by 47.7% during the fourth 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. Argent Capital Management LLC boosted its position in shares of Entegris by 9.9% in the fourth quarter. Argent Capital Management LLC now owns 31,066 shares of the semiconductor company's stock worth $3,077,000 after purchasing an additional 2,793 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in shares of Entegris by 14.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,060,378 shares of the semiconductor company's stock worth $105,041,000 after purchasing an additional 137,046 shares during the period.

Remove Ads

Entegris Trading Down 1.3 %

Shares of Entegris stock traded down $1.32 during trading on Thursday, hitting $99.05. The stock had a trading volume of 2,002,485 shares, compared to its average volume of 1,906,008. The firm's fifty day simple moving average is $102.30 and its 200-day simple moving average is $104.90. The stock has a market cap of $14.97 billion, a PE ratio of 51.32, a PEG ratio of 1.50 and a beta of 1.32. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.08 and a quick ratio of 1.86. Entegris, Inc. has a 12 month low of $92.84 and a 12 month high of $147.57.

Entegris (NASDAQ:ENTG - Get Free Report) last released its earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.07. Entegris had a net margin of 9.03% and a return on equity of 12.83%. As a group, sell-side analysts expect that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ENTG. Mizuho dropped their price target on shares of Entegris from $125.00 to $120.00 and set an "outperform" rating for the company in a research report on Tuesday, January 7th. KeyCorp dropped their price target on shares of Entegris from $150.00 to $141.00 and set an "overweight" rating for the company in a research report on Friday, February 7th. Needham & Company LLC reiterated a "buy" rating and issued a $120.00 price target on shares of Entegris in a research report on Friday, February 7th. Finally, StockNews.com upgraded shares of Entegris from a "sell" rating to a "hold" rating in a research report on Thursday, March 13th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Entegris presently has a consensus rating of "Moderate Buy" and a consensus price target of $124.88.

Insider Buying and Selling

In related news, SVP Olivier Blachier sold 984 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were 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 $1,177,524. This trade represents a 8.28 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Clinton M. Haris sold 12,652 shares of the firm's 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 transaction, the senior vice president now directly owns 34,820 shares in the company, valued at $3,722,954.40. This trade represents a 26.65 % decrease in their position. The disclosure for this sale can be found here. 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).