Polen Capital Management LLC Takes $1.09 Million Position in Entegris, Inc. (NASDAQ:ENTG)

Polen Capital Management LLC purchased a new position in shares of Entegris, Inc. (NASDAQ:ENTG) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 11,026 shares of the semiconductor company’s stock, valued at approximately $1,092,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Fortitude Family Office LLC boosted its stake in Entegris by 195.7% in the 4th quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 274 shares during the period. Proficio Capital Partners LLC purchased a new stake in Entegris in the 4th quarter worth approximately $42,000. Huntington National Bank boosted its stake in shares of Entegris by 41.0% during the 3rd quarter. Huntington National Bank now owns 454 shares of the semiconductor company’s stock valued at $51,000 after purchasing an additional 132 shares in the last quarter. Eagle Bay Advisors LLC raised its holdings in Entegris by 4,375.0% in the fourth quarter. Eagle Bay Advisors LLC now owns 716 shares of the semiconductor company’s stock worth $71,000 after purchasing an additional 700 shares in the last quarter. Finally, Promus Capital LLC purchased a new position in shares of Entegris during the fourth quarter valued at approximately $71,000.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Needham & Company LLC restated a “buy” rating and issued a $120.00 price objective on shares of Entegris in a report on Friday, February 7th. KeyCorp dropped their price objective on Entegris from $150.00 to $141.00 and set an “overweight” rating for the company in a research note on Friday, February 7th. StockNews.com raised Entegris from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, Mizuho decreased their target price on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Entegris presently has an average rating of “Moderate Buy” and a consensus target price of $124.88.

Entegris Stock Performance

Shares of ENTG stock opened at $98.37 on Monday. 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, Inc. has a 52-week low of $92.84 and a 52-week high of $147.57. The business has a 50-day simple moving average of $102.34 and a 200-day simple moving average of $105.13. The stock has a market cap of $14.87 billion, a PE ratio of 50.97, a price-to-earnings-growth ratio of 1.50 and a beta of 1.32.

Entegris (NASDAQ:ENTG) last released its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.07. Entegris had a return on equity of 12.83% and a net margin of 9.03%. On average, equities analysts expect that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend was Wednesday, January 29th. Entegris’s payout ratio is 20.73%.

Insider Activity

In other news, SVP Olivier Blachier sold 984 shares of Entegris stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $108.00, for a total transaction of $106,272.00. Following the sale, the senior vice president now owns 10,903 shares of the company’s stock, valued at approximately $1,177,524. The trade was a 8.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Clinton M. Haris sold 12,652 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was 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 $3,722,954.40. The trade was 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.

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).