Entegris, Inc. (NASDAQ:ENTG) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Entegris, Inc. (NASDAQ:ENTG) by 38.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 89,653 shares of the semiconductor company’s stock after acquiring an additional 24,887 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.06% of Entegris worth $10,742,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Legacy Financial Group LLC purchased a new stake in Entegris during the third quarter valued at about $30,000. KB Financial Partners LLC purchased a new stake in Entegris during the first quarter valued at about $34,000. Belpointe Asset Management LLC lifted its stake in Entegris by 51.1% during the first quarter. Belpointe Asset Management LLC now owns 485 shares of the semiconductor company’s stock valued at $40,000 after buying an additional 164 shares in the last quarter. Quent Capital LLC lifted its stake in Entegris by 59.1% during the fourth quarter. Quent Capital LLC now owns 366 shares of the semiconductor company’s stock valued at $44,000 after buying an additional 136 shares in the last quarter. Finally, Arlington Trust Co LLC purchased a new stake in Entegris during the fourth quarter valued at about $46,000.

Analyst Ratings Changes

A number of analysts have recently issued reports on ENTG shares. Needham & Company LLC reissued a “buy” rating and issued a $150.00 price target on shares of Entegris in a research report on Thursday, March 7th. The Goldman Sachs Group increased their price target on shares of Entegris from $104.00 to $147.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. StockNews.com lowered shares of Entegris from a “hold” rating to a “sell” rating in a research report on Thursday, February 22nd. Citigroup increased their price objective on Entegris from $117.00 to $134.00 and gave the stock a “neutral” rating in a report on Friday, February 16th. Finally, Wolfe Research initiated coverage on Entegris in a report on Friday, March 1st. They issued an “outperform” rating and a $160.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $141.64.

Insider Buying and Selling

In related news, CAO Michael Sauer sold 1,897 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $132.54, for a total value of $251,428.38. Following the completion of the transaction, the chief accounting officer now directly owns 1,779 shares of the company’s stock, valued at $235,788.66. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Entegris news, SVP Michael Besnard sold 12,667 shares of Entegris stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $135.78, for a total transaction of $1,719,925.26. Following the completion of the transaction, the senior vice president now directly owns 10,213 shares of the company’s stock, valued at $1,386,721.14. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Michael Sauer sold 1,897 shares of Entegris stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $132.54, for a total value of $251,428.38. Following the transaction, the chief accounting officer now directly owns 1,779 shares of the company’s stock, valued at $235,788.66. The disclosure for this sale can be found here. Insiders sold a total of 41,082 shares of company stock valued at $5,606,849 over the last ninety days. 0.67% of the stock is owned by company insiders.

Entegris Stock Down 3.8 %

ENTG opened at $122.20 on Friday. Entegris, Inc. has a 1-year low of $69.37 and a 1-year 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. The stock has a market capitalization of $18.42 billion, a price-to-earnings ratio of 102.69 and a beta of 1.32. The business has a 50 day moving average of $136.04 and a 200-day moving average of $116.96.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Tuesday, February 13th. The semiconductor company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.06. Entegris had a return on equity of 12.00% and a net margin of 5.13%. The company had revenue of $812.30 million during the quarter, compared to analysts’ expectations of $780.95 million. During the same period in the prior year, the business earned $0.83 earnings per share. Entegris’s revenue for the quarter was down 14.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Entegris, Inc. will post 3.31 earnings per share for the current year.

Entegris Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 1st will be given a $0.10 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $0.40 annualized dividend and a yield of 0.33%. Entegris’s dividend payout ratio (DPR) is currently 33.61%.

Entegris Company Profile

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).