Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Entegris, Inc. (NASDAQ:ENTG – Get Rating) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 7,837 shares of the semiconductor company’s stock, valued at approximately $514,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in ENTG. Exchange Traded Concepts LLC bought a new stake in Entegris in the fourth quarter worth about $27,000. Neo Ivy Capital Management purchased a new position in Entegris in the third quarter valued at approximately $54,000. Stonebridge Capital Advisors LLC grew its holdings in Entegris by 3,909.1% during the first quarter. Stonebridge Capital Advisors LLC now owns 882 shares of the semiconductor company’s stock valued at $116,000 after purchasing an additional 860 shares during the period. Covestor Ltd increased its position in Entegris by 103.9% in the first quarter. Covestor Ltd now owns 952 shares of the semiconductor company’s stock worth $125,000 after buying an additional 485 shares during the last quarter. Finally, Edge Capital Group LLC raised its stake in shares of Entegris by 19.9% in the third quarter. Edge Capital Group LLC now owns 1,121 shares of the semiconductor company’s stock valued at $93,000 after buying an additional 186 shares during the period. 98.21% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on ENTG. Deutsche Bank Aktiengesellschaft increased their price target on Entegris from $90.00 to $100.00 in a research note on Thursday, May 11th. StockNews.com upgraded Entegris to a “sell” rating in a research note on Monday, March 20th. Needham & Company LLC boosted their price objective on Entegris from $100.00 to $106.00 in a research note on Friday, May 12th. Citigroup cut Entegris from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $92.00 to $86.00 in a research note on Monday, April 3rd. Finally, Loop Capital lowered their price objective on Entegris from $143.00 to $123.00 in a research note on Monday, May 15th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $111.45.
Entegris Trading Up 5.3 %
Entegris Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 24th. Stockholders of record on Wednesday, May 3rd were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.40%. The ex-dividend date was Tuesday, May 2nd. Entegris’s payout ratio is 2,000.00%.
Insider Transactions at Entegris
In other news, SVP James Anthony O’neill sold 4,845 shares of the business’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $90.72, for a total transaction of $439,538.40. Following the completion of the transaction, the senior vice president now owns 15,588 shares of the company’s stock, valued at $1,414,143.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.81% of the stock is owned by insiders.
Entegris, Inc engages in the development, manufacture, and supply of specialty materials for the microelectronics industry. It operates through the following business segments: Specialty Chemicals and Engineered Materials (SCEM), Advanced Materials Handling (AMH), and Microcontamination Control (MC).
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