Proficio Capital Partners LLC Acquires New Holdings in Entegris, Inc. (NASDAQ:ENTG)

Proficio Capital Partners LLC acquired a new stake in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 41,833 shares of the semiconductor company's stock, valued at approximately $42,000.

Several other institutional investors have also bought and sold shares of the stock. M&T Bank Corp raised its position in shares of Entegris by 10.0% during the 4th quarter. M&T Bank Corp now owns 60,728 shares of the semiconductor company's stock worth $6,015,000 after buying an additional 5,506 shares in the last quarter. Atria Investments Inc raised its holdings in Entegris by 11.1% during the fourth quarter. Atria Investments Inc now owns 28,896 shares of the semiconductor company's stock worth $2,862,000 after purchasing an additional 2,897 shares in the last quarter. Torray Investment Partners LLC raised its holdings in Entegris by 0.9% during the fourth quarter. Torray Investment Partners LLC now owns 15,266 shares of the semiconductor company's stock worth $1,512,000 after purchasing an additional 129 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Entegris by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,090,813 shares of the semiconductor company's stock worth $108,056,000 after purchasing an additional 25,001 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its stake in Entegris by 26.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,303 shares of the semiconductor company's stock valued at $228,000 after purchasing an additional 484 shares in the last quarter.

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Entegris Stock Down 0.4 %

Shares of ENTG stock traded down $0.38 on Wednesday, reaching $85.82. 2,909,784 shares of the company's stock traded hands, compared to its average volume of 2,103,279. The company has a market capitalization of $12.99 billion, a P/E ratio of 44.47, a price-to-earnings-growth ratio of 1.50 and a beta of 1.36. Entegris, Inc. has a 12-month low of $83.97 and a 12-month high of $147.57. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.86 and a current ratio of 3.08. The business's 50 day moving average price is $100.13 and its two-hundred day moving average price is $103.70.

Entegris (NASDAQ:ENTG - Get Free Report) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share for the quarter, beating analysts' consensus estimates of $0.77 by $0.07. Entegris had a return on equity of 12.83% and a net margin of 9.03%. On average, equities analysts forecast that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date was Wednesday, January 29th. Entegris's dividend payout ratio (DPR) is currently 20.73%.

Wall Street Analysts Forecast Growth

ENTG has been the topic of a number of research reports. KeyCorp dropped their price objective on Entegris from $150.00 to $141.00 and set an "overweight" rating on the stock in a research note on Friday, February 7th. Mizuho dropped their target price on shares of Entegris from $125.00 to $120.00 and set an "outperform" rating on the stock in a report on Tuesday, January 7th. Needham & Company LLC restated a "buy" rating and set a $120.00 target price on shares of Entegris in a report on Friday, February 7th. Finally, StockNews.com lowered shares of Entegris from a "hold" rating to a "sell" rating in a research report on Monday, March 24th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Entegris has a consensus rating of "Moderate Buy" and a consensus price target of $124.88.

Insider Activity

In other news, SVP Olivier Blachier sold 984 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $108.00, for a total transaction of $106,272.00. Following the completion of the sale, the senior vice president now directly 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Clinton M. Haris sold 12,652 shares of the firm's stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 34,820 shares in the company, valued at approximately $3,722,954.40. The trade was 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 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).