Amica Mutual Insurance Co. Purchases 40,472 Shares of Entegris, Inc. (NASDAQ:ENTG)

Amica Mutual Insurance Co. increased its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 78.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 91,849 shares of the semiconductor company’s stock after purchasing an additional 40,472 shares during the period. Entegris comprises about 0.9% of Amica Mutual Insurance Co.’s investment portfolio, making the stock its 24th largest position. Amica Mutual Insurance Co. owned about 0.06% of Entegris worth $9,099,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Mountaineer Partners Management LLC boosted its holdings in Entegris by 16,255.1% during the third 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 in the last quarter. Raymond James Financial Inc. acquired a new stake in Entegris in the 4th quarter valued at $91,869,000. 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 valued at $155,287,000 after acquiring an additional 781,955 shares during the period. James Hambro & Partners LLP acquired a new position in Entegris during the fourth quarter worth $72,845,000. Finally, Wealthfront Advisers LLC bought a new position in shares of Entegris during the fourth quarter valued at $68,661,000.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ENTG. StockNews.com lowered shares of Entegris from a “hold” rating to a “sell” rating in a report on Monday. KeyCorp decreased their price objective on shares of Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a research note on Friday, February 7th. Mizuho cut their target price 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. Finally, Needham & Company LLC reissued a “buy” rating and issued a $120.00 target price on shares of Entegris in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $124.88.

Entegris Price Performance

ENTG opened at $92.44 on Thursday. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.08 and a quick ratio of 1.86. The company’s 50 day simple moving average is $101.94 and its 200-day simple moving average is $104.41. Entegris, Inc. has a one year low of $91.29 and a one year high of $147.57. The stock has a market capitalization of $13.99 billion, a P/E ratio of 47.90, a price-to-earnings-growth ratio of 1.50 and a beta of 1.32.

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

Entegris Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 0.43%. Entegris’s dividend payout ratio is currently 20.73%.

Insider Buying and Selling at Entegris

In related news, SVP Clinton M. Haris sold 12,652 shares of the company’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 completion of the sale, the senior vice president now owns 34,820 shares in the company, valued at approximately $3,722,954.40. This represents a 26.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Olivier Blachier sold 984 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $108.00, for a total value of $106,272.00. Following the transaction, the senior vice president now owns 10,903 shares in the company, valued at approximately $1,177,524. This trade represents a 8.28 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company’s stock.

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).