Gallo Partners LP Invests $2.34 Million in Entegris, Inc. (NASDAQ:ENTG)

Gallo Partners LP purchased a new position in shares of Entegris, Inc. (NASDAQ:ENTG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 23,589 shares of the semiconductor company’s stock, valued at approximately $2,337,000. Entegris comprises approximately 1.7% of Gallo Partners LP’s holdings, making the stock its 22nd biggest position.

Other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP acquired a new position in Entegris during the fourth quarter worth about $28,000. Fortitude Family Office LLC grew its holdings in shares of Entegris by 195.7% in the 4th quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 274 shares during the period. Promus Capital LLC acquired a new stake in shares of Entegris in the 4th quarter worth approximately $71,000. Eagle Bay Advisors LLC increased its stake in Entegris by 4,375.0% in the 4th quarter. Eagle Bay Advisors LLC now owns 716 shares of the semiconductor company’s stock valued at $71,000 after purchasing an additional 700 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in Entegris by 27.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 731 shares of the semiconductor company’s stock worth $73,000 after purchasing an additional 158 shares during the last quarter.

Insider Activity

In related news, SVP Olivier Blachier sold 984 shares of the stock in a transaction that occurred on 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 represents a 8.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Clinton M. Haris sold 12,652 shares of the stock in a transaction that occurred on 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 transaction, the senior vice president now owns 34,820 shares in the company, valued at $3,722,954.40. This represents a 26.65 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

ENTG has been the subject of several recent research reports. Needham & Company LLC reissued a “buy” rating and set a $120.00 price target on shares of Entegris in a research report on Friday, February 7th. Mizuho reduced 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. UBS Group lowered their price objective on Entegris from $115.00 to $90.00 and set a “neutral” rating for the company in a research report on Tuesday. StockNews.com downgraded Entegris from a “hold” rating to a “sell” rating in a research report on Saturday, April 19th. Finally, KeyCorp lowered their price target on Entegris from $141.00 to $130.00 and set an “overweight” rating for the company in a report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $120.38.

Entegris Stock Performance

Shares of NASDAQ ENTG opened at $78.69 on Wednesday. Entegris, Inc. has a 52-week low of $60.75 and a 52-week high of $147.57. The stock has a market capitalization of $11.91 billion, a price-to-earnings ratio of 40.77, a PEG ratio of 1.50 and a beta of 1.36. The company has a quick ratio of 1.86, a current ratio of 3.08 and a debt-to-equity ratio of 1.08. The stock’s fifty day simple moving average is $86.33 and its 200 day simple moving average is $97.94.

Entegris (NASDAQ:ENTG) last posted 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 net margin of 9.03% and a return on equity of 12.83%. As a group, sell-side analysts forecast that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Wednesday, April 30th will be issued a $0.10 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.51%. Entegris’s dividend payout ratio is 20.73%.

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).