Raymond James & Associates Acquires 1,723 Shares of Entegris, Inc. (NASDAQ:ENTG)

Raymond James & Associates grew its holdings in Entegris, Inc. (NASDAQ:ENTGFree Report) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 110,314 shares of the semiconductor company’s stock after purchasing an additional 1,723 shares during the period. Raymond James & Associates owned approximately 0.07% of Entegris worth $13,218,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of ENTG. BlackRock Inc. lifted its position in shares of Entegris by 2.4% during the first quarter. BlackRock Inc. now owns 16,294,681 shares of the semiconductor company’s stock worth $1,336,327,000 after acquiring an additional 386,767 shares in the last quarter. Vanguard Group Inc. boosted its stake in Entegris by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 14,452,886 shares of the semiconductor company’s stock worth $1,357,271,000 after purchasing an additional 107,989 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Entegris by 7.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,672,981 shares of the semiconductor company’s stock valued at $700,041,000 after buying an additional 748,491 shares in the last quarter. Sands Capital Management LLC increased its position in shares of Entegris by 6.1% during the second quarter. Sands Capital Management LLC now owns 9,329,123 shares of the semiconductor company’s stock valued at $1,033,853,000 after buying an additional 536,532 shares during the period. Finally, WCM Investment Management LLC lifted its holdings in shares of Entegris by 1.0% in the third quarter. WCM Investment Management LLC now owns 5,150,914 shares of the semiconductor company’s stock worth $483,722,000 after buying an additional 53,011 shares in the last quarter.

Insider Transactions at Entegris

In related news, SVP Susan G. Rice sold 17,518 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $135.86, for a total transaction of $2,379,995.48. Following the completion of the sale, the senior vice president now directly owns 42,931 shares in the company, valued at approximately $5,832,605.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Entegris news, SVP Susan G. Rice sold 17,518 shares of Entegris stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $135.86, for a total value of $2,379,995.48. Following the transaction, the senior vice president now directly owns 42,931 shares of the company’s stock, valued at approximately $5,832,605.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Michael Besnard sold 12,667 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $135.78, for a total value of $1,719,925.26. Following the sale, the senior vice president now directly owns 10,213 shares of the company’s stock, valued at approximately $1,386,721.14. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,082 shares of company stock worth $5,606,849. Company insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on ENTG. KeyCorp boosted their price objective on shares of Entegris from $136.00 to $164.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. BMO Capital Markets upped their price target on shares of Entegris from $130.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. Mizuho reissued a “neutral” rating and set a $140.00 price objective on shares of Entegris in a research note on Tuesday, February 20th. Craig Hallum upgraded Entegris from a “hold” rating to a “buy” rating and set a $150.00 target price on the stock in a research note on Thursday, February 15th. Finally, Wolfe Research started coverage on Entegris in a report on Friday, March 1st. They issued an “outperform” rating and a $160.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $141.64.

Check Out Our Latest Stock Report on ENTG

Entegris Price Performance

Shares of Entegris stock opened at $140.41 on Thursday. The business’s 50-day moving average price is $133.13 and its 200-day moving average price is $113.62. The firm has a market capitalization of $21.16 billion, a PE ratio of 117.99 and a beta of 1.32. Entegris, Inc. has a 12 month low of $69.37 and a 12 month high of $146.91. The company has a current ratio of 3.85, a quick ratio of 2.67 and a debt-to-equity ratio of 1.35.

Entegris (NASDAQ:ENTGGet Free Report) last issued its quarterly earnings results on Tuesday, February 13th. The semiconductor company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. Entegris had a net margin of 5.13% and a return on equity of 12.00%. The business had revenue of $812.30 million for the quarter, compared to analysts’ expectations of $780.95 million. During the same period last year, the business earned $0.83 earnings per share. The business’s quarterly revenue was down 14.1% on a year-over-year basis. Sell-side analysts forecast that Entegris, Inc. will post 3.31 EPS for the current fiscal year.

Entegris Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 21st. Stockholders of record on Wednesday, January 31st were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.28%. Entegris’s dividend payout ratio (DPR) is currently 33.61%.

Entegris Company Profile

(Free Report)

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).

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Institutional Ownership by Quarter for Entegris (NASDAQ:ENTG)

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