Tower Research Capital LLC TRC Has $2.59 Million Stake in Entegris, Inc. (NASDAQ:ENTG)

Tower Research Capital LLC TRC lifted its stake in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 26.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,173 shares of the semiconductor company's stock after purchasing an additional 5,398 shares during the period. Tower Research Capital LLC TRC's holdings in Entegris were worth $2,593,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in ENTG. Norges Bank bought a new position in Entegris in the 4th quarter valued at about $445,988,000. Raymond James Financial Inc. acquired a new stake in shares of Entegris during the 4th quarter worth approximately $91,869,000. Principal Financial Group Inc. grew its stake in Entegris by 130.8% in the third quarter. Principal Financial Group Inc. now owns 1,379,963 shares of the semiconductor company's stock valued at $155,287,000 after acquiring an additional 781,955 shares during the period. James Hambro & Partners LLP purchased a new stake in shares of Entegris in the fourth quarter valued at about $72,845,000. Finally, Wealthfront Advisers LLC purchased a new position in shares of Entegris in the 4th quarter worth about $68,661,000.

Entegris Trading Up 1.3 %

ENTG traded up $1.02 on Friday, hitting $80.73. The company had a trading volume of 2,787,961 shares, compared to its average volume of 2,326,279. Entegris, Inc. has a 1 year low of $60.75 and a 1 year high of $147.57. The company's fifty day moving average price is $87.99 and its 200 day moving average price is $98.63. The firm has a market cap of $12.22 billion, a P/E ratio of 41.83, a PEG ratio of 1.50 and a beta of 1.36. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08.

Entegris (NASDAQ:ENTG - Get Free Report) last issued its quarterly earnings data 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 return on equity of 12.83% and a net margin of 9.03%. As a group, equities analysts expect that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Wednesday, April 30th will be issued a dividend of $0.10 per share. The ex-dividend date is Wednesday, April 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.50%. Entegris's dividend payout ratio (DPR) is presently 20.73%.

Insider Transactions at Entegris

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

Analyst Ratings Changes

ENTG has been the topic of a number of analyst reports. Needham & Company LLC reaffirmed a "buy" rating and set a $120.00 target price on shares of Entegris in a report on Friday, February 7th. KeyCorp lowered their price target on shares of Entegris from $141.00 to $130.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Mizuho decreased their target price on Entegris from $125.00 to $120.00 and set an "outperform" rating for the company in a report on Tuesday, January 7th. Finally, StockNews.com cut Entegris from a "hold" rating to a "sell" rating in a research note on Saturday, April 19th. One investment 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. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $123.50.

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).