North Dakota State Investment Board purchased a new stake in Entegris, Inc. (NASDAQ:ENTG – Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 5,277 shares of the semiconductor company’s stock, valued at approximately $445,000.
A number of other institutional investors have also made changes to their positions in ENTG. Ameriflex Group Inc. bought a new stake in shares of Entegris in the 3rd quarter valued at approximately $25,000. Steph & Co. bought a new stake in shares of Entegris in the 4th quarter valued at approximately $25,000. SBI Securities Co. Ltd. increased its holdings in shares of Entegris by 260.8% in the 3rd quarter. SBI Securities Co. Ltd. now owns 285 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 206 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Entegris in the 4th quarter valued at approximately $29,000. Finally, Sound Income Strategies LLC increased its holdings in shares of Entegris by 407.0% in the 4th quarter. Sound Income Strategies LLC now owns 507 shares of the semiconductor company’s stock valued at $43,000 after acquiring an additional 407 shares during the last quarter.
Entegris Stock Performance
ENTG opened at $135.28 on Friday. The business’s 50 day moving average is $131.71 and its 200-day moving average is $112.68. The stock has a market cap of $20.63 billion, a PE ratio of 78.20, a price-to-earnings-growth ratio of 1.64 and a beta of 1.39. The company has a current ratio of 3.21, a quick ratio of 2.05 and a debt-to-equity ratio of 0.91. Entegris, Inc. has a twelve month low of $66.32 and a twelve month high of $159.15.
Entegris Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Wednesday, April 29th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Wednesday, April 29th. Entegris’s payout ratio is 23.12%.
Insider Activity at Entegris
In other Entegris news, insider Bertrand Loy sold 59,516 shares of the business’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $138.95, for a total transaction of $8,269,748.20. Following the completion of the transaction, the insider owned 268,089 shares in the company, valued at approximately $37,250,966.55. The trade was a 18.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Susan G. Rice sold 19,893 shares of the business’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $132.84, for a total value of $2,642,586.12. Following the transaction, the senior vice president owned 69,038 shares of the company’s stock, valued at $9,171,007.92. This trade represents a 22.37% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 207,288 shares of company stock worth $28,865,724 in the last ninety days. 0.53% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the company. Citigroup reiterated a “buy” rating on shares of Entegris in a report on Thursday, April 30th. Mizuho set a $175.00 price objective on Entegris in a research report on Friday, May 1st. Oppenheimer restated an “outperform” rating and set a $160.00 price objective on shares of Entegris in a research report on Friday, May 1st. Wall Street Zen upgraded Entegris from a “hold” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings upgraded Entegris from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Seven equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $153.78.
View Our Latest Stock Analysis 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.
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