Caprock Group LLC Raises Stock Position in Entegris, Inc. (NASDAQ:ENTG)

Caprock Group LLC raised its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 30.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,121 shares of the semiconductor company’s stock after purchasing an additional 1,209 shares during the quarter. Caprock Group LLC’s holdings in Entegris were worth $507,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Quarry LP purchased a new position in Entegris during the 2nd quarter valued at $27,000. Capital Performance Advisors LLP purchased a new position in Entegris during the 3rd quarter valued at $29,000. Blue Trust Inc. boosted its holdings in shares of Entegris by 221.3% during 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 in the last quarter. Fortitude Family Office LLC boosted its holdings in shares of Entegris by 195.7% during 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 in the last quarter. Finally, Covestor Ltd boosted its holdings in shares of Entegris by 241.8% during the 3rd quarter. Covestor Ltd now owns 417 shares of the semiconductor company’s stock valued at $47,000 after buying an additional 295 shares in the last quarter.

Entegris Trading Up 1.7 %

Entegris stock opened at $101.19 on Wednesday. The firm has a 50 day moving average of $103.26 and a 200 day moving average of $107.35. The firm has a market capitalization of $15.28 billion, a price-to-earnings ratio of 67.01, a P/E/G ratio of 1.38 and a beta of 1.24. Entegris, Inc. has a 12-month low of $94.92 and a 12-month high of $147.57. The company has a current ratio of 2.92, a quick ratio of 1.83 and a debt-to-equity ratio of 1.14.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). Entegris had a net margin of 7.13% and a return on equity of 12.24%. The company had revenue of $807.70 million for the quarter, compared to analysts’ expectations of $832.44 million. During the same period last year, the business earned $0.68 earnings per share. The company’s quarterly revenue was down 9.1% compared to the same quarter last year. As a group, research analysts predict that Entegris, Inc. will post 2.94 earnings per share for the current year.

Entegris Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend is Wednesday, January 29th. Entegris’s dividend payout ratio (DPR) is currently 26.49%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on ENTG shares. KeyCorp dropped their target price on shares of Entegris from $154.00 to $150.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. Mizuho dropped their target price on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. UBS Group dropped their target price 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. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, Craig Hallum dropped their price target on shares of Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $134.50.

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).