Global Retirement Partners LLC Increases Holdings in Entegris, Inc. (NASDAQ:ENTG)

Global Retirement Partners LLC raised its stake in Entegris, Inc. (NASDAQ:ENTG) by 9.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,052 shares of the semiconductor company’s stock after buying an additional 362 shares during the quarter. Global Retirement Partners LLC’s holdings in Entegris were worth $401,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mountaineer Partners Management LLC grew its stake in shares of Entegris by 16,255.1% in the 3rd quarter. Mountaineer Partners Management LLC now owns 11,044,594 shares of the semiconductor company’s stock valued at $1,242,848,000 after buying an additional 10,977,064 shares during the period. Principal Financial Group Inc. grew its position in Entegris by 130.8% in the third quarter. Principal Financial Group Inc. now owns 1,379,963 shares of the semiconductor company’s stock worth $155,287,000 after acquiring an additional 781,955 shares during the period. Swedbank AB increased its stake in Entegris by 249.7% during the third quarter. Swedbank AB now owns 1,050,361 shares of the semiconductor company’s stock worth $118,197,000 after acquiring an additional 750,000 shares during the last quarter. James Hambro & Partners LLP acquired a new stake in shares of Entegris during the 4th quarter worth about $72,845,000. Finally, D1 Capital Partners L.P. purchased a new stake in Entegris in the 3rd quarter valued at about $72,143,000.

Insider Buying and Selling

In related news, SVP Clinton M. Haris sold 12,652 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $106.92, for a total value of $1,352,751.84. Following the transaction, the senior vice president now owns 34,820 shares in the company, valued at $3,722,954.40. This trade represents a 26.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.67% of the stock is owned by company insiders.

Entegris Stock Performance

ENTG opened at $104.09 on Monday. The business has a 50 day moving average price of $103.09 and a two-hundred day moving average price of $106.42. The company has a market capitalization of $15.73 billion, a price-to-earnings ratio of 53.93, a price-to-earnings-growth ratio of 1.50 and a beta of 1.24. Entegris, Inc. has a 1-year low of $94.92 and a 1-year high of $147.57. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.08 and a quick ratio of 1.86.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.07. Entegris had a return on equity of 12.83% and a net margin of 9.03%. Research analysts predict that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date of this dividend was Wednesday, January 29th. Entegris’s dividend payout ratio (DPR) is presently 20.73%.

Wall Street Analyst Weigh In

ENTG has been the topic of several research reports. Needham & Company LLC reissued a “buy” rating and set a $120.00 target price on shares of Entegris in a research note on Friday, February 7th. Citigroup cut their price objective on Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. BMO Capital Markets lowered their price objective on Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. Craig Hallum cut their price objective on shares of Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $128.78.

Entegris 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).