Renaissance Technologies LLC Invests $7.55 Million in Entegris, Inc. (NASDAQ:ENTG)

Renaissance Technologies LLC purchased a new position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 76,210 shares of the semiconductor company's stock, valued at approximately $7,549,000. Renaissance Technologies LLC owned 0.05% of Entegris at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fortitude Family Office LLC boosted its position in Entegris by 195.7% in the 4th 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 during the period. Proficio Capital Partners LLC purchased a new stake in Entegris in the fourth quarter valued at $42,000. Eagle Bay Advisors LLC boosted its position 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. Promus Capital LLC acquired a new position in Entegris in the fourth quarter valued at $71,000. Finally, Smartleaf Asset Management LLC boosted its holdings 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 valued at $73,000 after acquiring an additional 158 shares in the last quarter.

Insiders Place Their Bets

In other news, SVP Olivier Blachier sold 984 shares of the firm's stock in a transaction 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 completion of the sale, the senior vice president now directly owns 10,903 shares in the company, valued at approximately $1,177,524. This trade represents a 8.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Clinton M. Haris sold 12,652 shares of the company's stock in a transaction dated Monday, February 10th. The stock was 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 owns 34,820 shares in the company, valued at approximately $3,722,954.40. This trade represents a 26.65 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.61% of the company's stock.

Entegris Trading Up 7.4 %

ENTG traded up $5.39 during midday trading on Thursday, hitting $77.88. The company's stock had a trading volume of 843,123 shares, compared to its average volume of 2,306,732. Entegris, Inc. has a 52-week low of $60.75 and a 52-week high of $147.57. The firm has a 50-day moving average price of $88.54 and a two-hundred day moving average price of $98.84. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08. The firm has a market cap of $11.78 billion, a P/E ratio of 40.33, a PEG ratio of 1.50 and a beta of 1.36.

Entegris (NASDAQ:ENTG - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, beating 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%. On average, research analysts anticipate that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 21st. Investors of record on Wednesday, April 30th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.51%. Entegris's dividend payout ratio is 20.73%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. KeyCorp decreased their target price on shares of Entegris from $141.00 to $130.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Needham & Company LLC restated a "buy" rating and issued a $120.00 price target on shares of Entegris in a report on Friday, February 7th. StockNews.com cut Entegris from a "hold" rating to a "sell" rating in a report on Saturday, April 19th. Finally, Mizuho decreased their price objective on shares of Entegris from $125.00 to $120.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $123.50.

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).