Inceptionr LLC Takes Position in Entegris, Inc. (NASDAQ:ENTG)

Inceptionr LLC purchased a new stake in Entegris, Inc. (NASDAQ:ENTG) during the fourth quarter, Holdings Channel.com reports. The firm purchased 4,866 shares of the semiconductor company’s stock, valued at approximately $482,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Synovus Financial Corp boosted its position in shares of Entegris by 102.3% in the 3rd quarter. Synovus Financial Corp now owns 38,253 shares of the semiconductor company’s stock worth $4,305,000 after purchasing an additional 19,340 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Entegris by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,065,812 shares of the semiconductor company’s stock worth $119,936,000 after purchasing an additional 14,650 shares in the last quarter. Swedbank AB boosted its position in shares of Entegris by 47.7% in the 4th quarter. Swedbank AB now owns 1,550,942 shares of the semiconductor company’s stock worth $153,636,000 after purchasing an additional 500,581 shares in the last quarter. Argent Capital Management LLC boosted its position in shares of Entegris by 9.9% in the 4th quarter. Argent Capital Management LLC now owns 31,066 shares of the semiconductor company’s stock worth $3,077,000 after purchasing an additional 2,793 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Entegris in the 3rd quarter worth $1,158,000.

Entegris Stock Performance

Shares of ENTG opened at $102.93 on Friday. The stock has a market cap of $15.56 billion, a P/E ratio of 53.33, a P/E/G ratio of 1.50 and a beta of 1.32. The stock has a 50-day moving average of $102.66 and a two-hundred day moving average of $105.83. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.86 and a current ratio of 3.08. Entegris, Inc. has a one year low of $94.92 and a one year high of $147.57.

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

Entegris Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th were issued a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $0.40 annualized dividend and a dividend yield of 0.39%. Entegris’s dividend payout ratio (DPR) is presently 20.73%.

Insider Activity

In related news, SVP Olivier Blachier sold 984 shares of Entegris stock in a transaction dated 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 owns 10,903 shares in the company, valued at $1,177,524. The trade was a 8.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 value of $1,352,751.84. Following the completion of the transaction, the senior vice president now owns 34,820 shares of the company’s stock, valued at approximately $3,722,954.40. This represents a 26.65 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

ENTG has been the subject of a number of recent analyst reports. StockNews.com cut Entegris from a “hold” rating to a “sell” rating in a research report on Thursday, February 27th. Needham & Company LLC reissued a “buy” rating and issued a $120.00 price objective on shares of Entegris in a research report on Friday, February 7th. KeyCorp lowered their price target on Entegris from $150.00 to $141.00 and set an “overweight” rating for the company in a research report on Friday, February 7th. Finally, Mizuho lowered their price target on Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Entegris has a consensus rating of “Moderate Buy” and a consensus price target of $124.88.

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).