DigitalBridge Group Inc. bought a new position in Entegris, Inc. (NASDAQ:ENTG – Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The firm bought 426,348 shares of the semiconductor company’s stock, valued at approximately $39,420,000. Entegris accounts for approximately 3.1% of DigitalBridge Group Inc.’s investment portfolio, making the stock its 10th largest holding.
Several other hedge funds and other institutional investors also recently modified their holdings of ENTG. Verdence Capital Advisors LLC raised its stake in Entegris by 2.7% in the third quarter. Verdence Capital Advisors LLC now owns 4,817 shares of the semiconductor company’s stock worth $454,000 after buying an additional 126 shares in the last quarter. National Bank of Canada FI lifted its holdings in Entegris by 7.5% in the third quarter. National Bank of Canada FI now owns 2,154 shares of the semiconductor company’s stock worth $199,000 after buying an additional 151 shares during the period. First National Advisers LLC lifted its holdings in Entegris by 0.5% in the second quarter. First National Advisers LLC now owns 28,895 shares of the semiconductor company’s stock worth $2,330,000 after buying an additional 154 shares during the period. Argent Trust Co boosted its position in Entegris by 2.7% during the 3rd quarter. Argent Trust Co now owns 7,000 shares of the semiconductor company’s stock valued at $647,000 after acquiring an additional 184 shares in the last quarter. Finally, Blair William & Co. IL grew its holdings in shares of Entegris by 1.9% during the 3rd quarter. Blair William & Co. IL now owns 10,121 shares of the semiconductor company’s stock worth $936,000 after acquiring an additional 187 shares during the period.
Entegris Trading Up 4.0%
NASDAQ:ENTG opened at $116.08 on Wednesday. The stock has a market cap of $17.64 billion, a price-to-earnings ratio of 75.38, a PEG ratio of 2.10 and a beta of 1.30. The company has a quick ratio of 2.04, a current ratio of 3.35 and a debt-to-equity ratio of 0.94. The company’s 50 day moving average price is $120.32 and its 200-day moving average price is $98.90. Entegris, Inc. has a 52 week low of $60.75 and a 52 week high of $142.50.
Entegris Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 18th. Stockholders of record on Wednesday, January 28th were paid a $0.10 dividend. The ex-dividend date was Wednesday, January 28th. This represents a $0.40 annualized dividend and a dividend yield of 0.3%. Entegris’s payout ratio is currently 25.97%.
Insider Activity
In related news, SVP Daniel D. Woodland sold 30,474 shares of the stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $130.65, for a total transaction of $3,981,428.10. Following the sale, the senior vice president directly owned 46,904 shares of the company’s stock, valued at $6,128,007.60. This trade represents a 39.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Olivier Blachier sold 1,664 shares of Entegris stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $131.49, for a total value of $218,799.36. Following the completion of the sale, the senior vice president owned 29,497 shares of the company’s stock, valued at $3,878,560.53. The trade was a 5.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 226,074 shares of company stock valued at $29,640,758. Corporate insiders own 0.61% of the company’s stock.
Analysts Set New Price Targets
Several research analysts have recently issued reports on ENTG shares. KeyCorp increased their target price on Entegris from $111.00 to $156.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 11th. The Goldman Sachs Group upped their price target on Entegris from $75.00 to $95.00 and gave the stock a “sell” rating in a research note on Wednesday, February 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Entegris in a report on Monday, December 29th. Mizuho set a $150.00 price objective on Entegris in a research report on Wednesday, February 11th. Finally, Zacks Research raised shares of Entegris from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $133.78.
View Our Latest Stock Report on ENTG
Entegris Company Profile
Entegris, Inc is a leading provider of advanced materials and process control solutions for the semiconductor and other high-technology industries. The company develops and supplies a broad portfolio of products designed to ensure purity and reliability throughout the manufacturing process, helping customers address critical contamination and yield challenges.
Entegris’s product offerings include high-purity chemicals and specialty materials, liquid and gas filtration and purification systems, and sophisticated wafer and chip handling solutions.
Further Reading
Want to see what other hedge funds are holding ENTG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Entegris, Inc. (NASDAQ:ENTG – Free Report).
Receive News & Ratings for Entegris Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entegris and related companies with MarketBeat.com's FREE daily email newsletter.
