Entegris, Inc. (NASDAQ:ENTG) Shares Purchased by GW&K Investment Management LLC

GW&K Investment Management LLC raised its position in Entegris, Inc. (NASDAQ:ENTG) by 0.1% in the 4th quarter, Holdings Channel reports. The fund owned 901,979 shares of the semiconductor company’s stock after purchasing an additional 933 shares during the period. Entegris accounts for 0.8% of GW&K Investment Management LLC’s holdings, making the stock its 19th biggest holding. GW&K Investment Management LLC’s holdings in Entegris were worth $89,350,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in ENTG. Capital Performance Advisors LLP acquired a new stake in Entegris during the 3rd quarter valued at $29,000. Blue Trust Inc. boosted its position in Entegris by 221.3% in the 3rd quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 239 shares during the last quarter. Fortitude Family Office LLC grew its stake in shares of Entegris by 195.7% during the fourth quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 274 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Entegris during the fourth quarter worth about $42,000. Finally, Covestor Ltd lifted its stake in shares of Entegris by 241.8% in the third quarter. Covestor Ltd now owns 417 shares of the semiconductor company’s stock worth $47,000 after acquiring an additional 295 shares in the last quarter.

Insider Activity

In other news, SVP Clinton M. Haris sold 12,652 shares of Entegris 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 sale, the senior vice president now owns 34,820 shares of the company’s stock, valued at approximately $3,722,954.40. The trade was a 26.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company’s stock.

Entegris Price Performance

Shares of NASDAQ:ENTG opened at $97.48 on Friday. The company has a market cap of $14.73 billion, a PE ratio of 50.51, a P/E/G ratio of 1.50 and a beta of 1.24. Entegris, Inc. has a fifty-two week low of $94.92 and a fifty-two week high of $147.57. The firm has a 50-day simple moving average of $102.85 and a 200 day simple moving average of $106.29. The company has a quick ratio of 1.86, a current ratio of 3.08 and a debt-to-equity ratio of 1.08.

Entegris (NASDAQ:ENTG) last posted its earnings results on Thursday, February 6th. The semiconductor company reported $0.84 EPS for the quarter, beating 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%. On average, sell-side analysts anticipate that Entegris, Inc. will post 3.51 EPS 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 $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date of this dividend was Wednesday, January 29th. Entegris’s payout ratio is 20.73%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Mizuho lowered their price objective on Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. UBS Group cut their price target on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Citigroup decreased their price objective on shares of Entegris from $130.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. StockNews.com lowered shares of Entegris from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $120.00 price target on shares of Entegris in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $128.78.

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).