Walnut Level Capital LLC Makes New $2.33 Million Investment in Entegris, Inc. (NASDAQ:ENTG)

Walnut Level Capital LLC bought a new stake in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 23,500 shares of the semiconductor company's stock, valued at approximately $2,328,000. Entegris makes up approximately 0.9% of Walnut Level Capital LLC's holdings, making the stock its 20th biggest position.

Several other hedge funds also recently bought and sold shares of the company. Corient Private Wealth LLC lifted its holdings in Entegris by 1.1% in the 4th quarter. Corient Private Wealth LLC now owns 11,862 shares of the semiconductor company's stock worth $1,175,000 after purchasing an additional 128 shares in the last quarter. Torray Investment Partners LLC raised its position in shares of Entegris by 0.9% during the fourth quarter. Torray Investment Partners LLC now owns 15,266 shares of the semiconductor company's stock valued at $1,512,000 after buying an additional 129 shares during the last quarter. Metis Global Partners LLC lifted its holdings in shares of Entegris by 7.1% in the fourth quarter. Metis Global Partners LLC now owns 2,049 shares of the semiconductor company's stock worth $203,000 after buying an additional 135 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of Entegris by 6.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 2,482 shares of the semiconductor company's stock worth $246,000 after acquiring an additional 147 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in Entegris by 27.6% during 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.

Remove Ads

Insider Activity at Entegris

In other 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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Clinton M. Haris sold 12,652 shares of the business's stock in a transaction that occurred 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 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 disclosure for this sale can be found here. 0.67% of the stock is owned by corporate insiders.

Entegris Stock Down 4.1 %

Entegris stock traded down $3.80 during midday trading on Friday, hitting $88.74. 2,803,737 shares of the company's stock were exchanged, compared to its average volume of 2,088,488. Entegris, Inc. has a 12 month low of $87.72 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 company has a market cap of $13.43 billion, a PE ratio of 45.98, a P/E/G ratio of 1.50 and a beta of 1.32. The firm has a 50-day moving average of $101.34 and a two-hundred day moving average of $104.22.

Entegris (NASDAQ:ENTG - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.84 EPS 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 12.83%. As a group, analysts expect that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors 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 0.45%. The ex-dividend date of this dividend was Wednesday, January 29th. Entegris's dividend payout ratio (DPR) is currently 20.73%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on ENTG shares. KeyCorp cut their price objective on 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 restated a "buy" rating and set 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 Monday. Finally, Mizuho cut their target price on shares of Entegris from $125.00 to $120.00 and set an "outperform" rating for the company in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $124.88.

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).