Skandinaviska Enskilda Banken AB publ Acquires 3,300 Shares of Entegris, Inc. (NASDAQ:ENTG)

Skandinaviska Enskilda Banken AB publ increased its holdings in Entegris, Inc. (NASDAQ:ENTG) by 11.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,032 shares of the semiconductor company’s stock after purchasing an additional 3,300 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Entegris were worth $3,185,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of ENTG. Mountaineer Partners Management LLC increased its position in Entegris by 16,255.1% in the third quarter. Mountaineer Partners Management LLC now owns 11,044,594 shares of the semiconductor company’s stock worth $1,242,848,000 after purchasing an additional 10,977,064 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Entegris in the fourth quarter worth $91,869,000. Principal Financial Group Inc. increased 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 purchasing an additional 781,955 shares during the last quarter. Swedbank AB boosted 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 buying an additional 750,000 shares during the period. Finally, James Hambro & Partners LLP purchased a new position in Entegris during the fourth quarter worth $72,845,000.

Analyst Upgrades and Downgrades

ENTG has been the subject of several recent analyst reports. KeyCorp dropped their price objective on shares of Entegris from $150.00 to $141.00 and set an “overweight” rating for the company in a research note on Friday, February 7th. Mizuho dropped their price objective on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $120.00 price objective on shares of Entegris in a research note on Friday, February 7th. Finally, StockNews.com raised shares of Entegris from a “sell” rating to a “hold” rating in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $124.88.

Entegris Stock Up 4.2 %

Shares of ENTG opened at $98.37 on Monday. The firm has a market capitalization of $14.87 billion, a P/E ratio of 50.97, a P/E/G ratio of 1.50 and a beta of 1.32. Entegris, Inc. has a 12-month low of $92.84 and a 12-month high of $147.57. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08. The firm has a fifty day moving average price of $102.34 and a 200-day moving average price of $105.13.

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

Entegris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date was Wednesday, January 29th. Entegris’s dividend payout ratio (DPR) is presently 20.73%.

Insider Buying and Selling

In related news, SVP Clinton M. Haris sold 12,652 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $106.92, for a total value of $1,352,751.84. Following the completion of the sale, the senior vice president now directly owns 34,820 shares of the company’s stock, valued at $3,722,954.40. This 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 company’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $108.00, for a total transaction of $106,272.00. Following the completion of the sale, the senior vice president now directly owns 10,903 shares of the company’s stock, valued at approximately $1,177,524. This trade represents a 8.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is owned by insiders.

About Entegris

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).