Geode Capital Management LLC lifted its holdings in shares of Entegris Inc (NASDAQ:ENTG) by 3.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,402,887 shares of the semiconductor company’s stock after acquiring an additional 50,809 shares during the period. Geode Capital Management LLC owned approximately 0.99% of Entegris worth $42,717,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the company. Carillon Tower Advisers Inc. purchased a new stake in shares of Entegris during the fourth quarter worth about $51,256,000. OppenheimerFunds Inc. boosted its position in Entegris by 1.6% in the fourth quarter. OppenheimerFunds Inc. now owns 1,211,946 shares of the semiconductor company’s stock valued at $36,904,000 after buying an additional 19,175 shares during the last quarter. Schroder Investment Management Group boosted its position in Entegris by 0.5% in the fourth quarter. Schroder Investment Management Group now owns 1,188,643 shares of the semiconductor company’s stock valued at $36,194,000 after buying an additional 5,556 shares during the last quarter. Wells Fargo & Company MN boosted its position in Entegris by 19.9% in the third quarter. Wells Fargo & Company MN now owns 1,170,846 shares of the semiconductor company’s stock valued at $33,779,000 after buying an additional 194,301 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Entegris by 13.8% in the fourth quarter. Bank of New York Mellon Corp now owns 961,062 shares of the semiconductor company’s stock valued at $29,264,000 after buying an additional 116,891 shares during the last quarter. Institutional investors and hedge funds own 96.47% of the company’s stock.
Entegris stock opened at $36.10 on Monday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.95 and a current ratio of 3.63. The firm has a market capitalization of $5,095.20, a P/E ratio of 25.07, a PEG ratio of 1.83 and a beta of 1.44. Entegris Inc has a 52 week low of $21.77 and a 52 week high of $36.88.
Entegris (NASDAQ:ENTG) last announced its earnings results on Tuesday, February 6th. The semiconductor company reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.04. The business had revenue of $350.56 million during the quarter, compared to the consensus estimate of $340.68 million. Entegris had a return on equity of 20.95% and a net margin of 6.34%. research analysts anticipate that Entegris Inc will post 1.75 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 21st. Stockholders of record on Wednesday, January 31st were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.78%. The ex-dividend date was Tuesday, January 30th. Entegris’s payout ratio is 23.73%.
A number of equities research analysts recently commented on ENTG shares. Stifel Nicolaus reiterated a “buy” rating and issued a $42.00 target price on shares of Entegris in a research report on Monday. Zacks Investment Research upgraded Entegris from a “sell” rating to a “hold” rating and set a $34.00 target price on the stock in a research report on Thursday, February 8th. Seaport Global Securities assumed coverage on Entegris in a research report on Friday, December 15th. They issued a “buy” rating and a $37.00 target price on the stock. Dougherty & Co upped their price objective on Entegris from $36.00 to $37.50 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Finally, Citigroup upgraded Entegris from a “neutral” rating to a “buy” rating and set a $34.00 price objective on the stock in a research report on Thursday, February 15th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $34.45.
In other news, SVP Gregory Bryan Marshall sold 5,464 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $33.42, for a total transaction of $182,606.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Michael Sauer sold 4,317 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $33.58, for a total value of $144,964.86. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 335,754 shares of company stock valued at $11,317,780. Corporate insiders own 1.50% of the company’s stock.
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Entegris, Inc is a global developer, manufacturer and supplier of microcontamination control products, specialty chemicals and materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries. The Company operates in three business segments: Specialty Chemicals and Engineered Materials (SCEM), Advanced Materials Handling (AMH) and Microcontamination Control (MC).
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