Raymond James Financial Inc. Buys Shares of 927,404 Entegris, Inc. (NASDAQ:ENTG)

Raymond James Financial Inc. bought a new stake in shares of Entegris, Inc. (NASDAQ:ENTG) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 927,404 shares of the semiconductor company’s stock, valued at approximately $91,869,000. Raymond James Financial Inc. owned about 0.61% of Entegris at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in ENTG. Mountaineer Partners Management LLC boosted its stake in Entegris by 16,255.1% during 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 purchasing an additional 10,977,064 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Entegris by 130.8% in the 3rd quarter. Principal Financial Group Inc. now owns 1,379,963 shares of the semiconductor company’s stock worth $155,287,000 after buying an additional 781,955 shares during the last quarter. Swedbank AB boosted its stake in shares of Entegris by 249.7% in the 3rd quarter. Swedbank AB now owns 1,050,361 shares of the semiconductor company’s stock worth $118,197,000 after buying an additional 750,000 shares during the last quarter. James Hambro & Partners LLP purchased a new position in shares of Entegris in the 4th quarter worth $72,845,000. Finally, D1 Capital Partners L.P. purchased a new position in shares of Entegris in the 3rd quarter worth $72,143,000.

Analyst Ratings Changes

A number of research firms have recently issued reports on ENTG. KeyCorp dropped their price target on Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a research note on Friday, February 7th. Mizuho dropped their price target on Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. StockNews.com downgraded Entegris from a “hold” rating to a “sell” rating in a research note on Thursday, February 27th. Finally, Needham & Company LLC restated a “buy” rating and issued a $120.00 price target on shares of Entegris in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Entegris has an average rating of “Moderate Buy” and an average target price of $124.88.

Entegris Price Performance

Shares of Entegris stock opened at $102.93 on Monday. Entegris, Inc. has a one year low of $94.92 and a one year high of $147.57. The stock’s fifty day moving average is $102.66 and its 200 day moving average is $105.76. The stock has a market cap of $15.56 billion, a P/E ratio of 53.33, a P/E/G ratio of 1.50 and a beta of 1.32. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.86 and a current ratio of 3.08.

Entegris (NASDAQ:ENTG) last announced its earnings results on Thursday, February 6th. The semiconductor company reported $0.84 EPS for the quarter, topping 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%. Sell-side analysts anticipate that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $0.40 dividend on an annualized basis and a yield of 0.39%. Entegris’s dividend payout ratio is presently 20.73%.

Insider Buying and Selling at Entegris

In other Entegris 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 transaction of $1,352,751.84. Following the sale, the senior vice president now directly owns 34,820 shares of the company’s stock, 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 through the SEC website. Also, SVP Olivier Blachier sold 984 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $108.00, for a total value of $106,272.00. Following the sale, the senior vice president now directly owns 10,903 shares in the company, valued at approximately $1,177,524. This represents a 8.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.67% of the company’s stock.

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).