Entegris, Inc. (NASDAQ:ENTG) Shares Bought by EFG Asset Management North America Corp.

EFG Asset Management North America Corp. lifted its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 34.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,594 shares of the semiconductor company’s stock after acquiring an additional 5,493 shares during the quarter. EFG Asset Management North America Corp.’s holdings in Entegris were worth $2,139,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Walnut Level Capital LLC acquired a new position in shares of Entegris during the fourth quarter worth about $2,328,000. Vanguard Group Inc. grew its stake in shares of Entegris by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 15,202,146 shares of the semiconductor company’s stock valued at $1,505,925,000 after buying an additional 169,180 shares in the last quarter. LPL Financial LLC raised its holdings in shares of Entegris by 36.0% during the 4th quarter. LPL Financial LLC now owns 98,123 shares of the semiconductor company’s stock valued at $9,720,000 after buying an additional 25,980 shares during the period. KLP Kapitalforvaltning AS acquired a new position in Entegris during the 4th quarter worth approximately $4,705,000. Finally, 1620 Investment Advisors Inc. boosted its holdings in Entegris by 132.2% in the 4th quarter. 1620 Investment Advisors Inc. now owns 1,470 shares of the semiconductor company’s stock worth $146,000 after acquiring an additional 837 shares during the period.

Entegris Trading Down 4.2 %

NASDAQ ENTG opened at $94.22 on Wednesday. The company has a market capitalization of $14.26 billion, a price-to-earnings ratio of 48.82, a price-to-earnings-growth ratio of 1.50 and a beta of 1.32. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.08 and a quick ratio of 1.86. Entegris, Inc. has a 12 month low of $92.84 and a 12 month high of $147.57. The company’s fifty day moving average price is $102.13 and its two-hundred day moving average price is $104.50.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.84 EPS for the quarter, topping 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%. As a group, research analysts predict that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th were given a $0.10 dividend. The ex-dividend date was Wednesday, January 29th. This represents a $0.40 annualized dividend and a dividend yield of 0.42%. Entegris’s payout ratio is 20.73%.

Insider Activity

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 transaction, 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 SEC, which can be accessed through the SEC website. Also, SVP Clinton M. Haris sold 12,652 shares of Entegris stock in a transaction dated 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 completion of the transaction, the senior vice president now directly owns 34,820 shares of the company’s stock, valued at $3,722,954.40. This trade represents a 26.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. KeyCorp dropped their price objective on shares of Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a research note on Friday, February 7th. StockNews.com downgraded shares of Entegris from a “hold” rating to a “sell” rating in a research note on Monday. Needham & Company LLC reiterated a “buy” rating and issued a $120.00 price objective on shares of Entegris in a report on Friday, February 7th. Finally, Mizuho lowered their target price on Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price 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).