FORA Capital LLC Invests $1.59 Million in Entegris, Inc. (NASDAQ:ENTG)

FORA Capital LLC purchased a new stake in Entegris, Inc. (NASDAQ:ENTG) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 16,072 shares of the semiconductor company’s stock, valued at approximately $1,592,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ENTG. Vanguard Group Inc. boosted its position in shares of Entegris by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 15,202,146 shares of the semiconductor company’s stock worth $1,505,925,000 after buying an additional 169,180 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Entegris by 33.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 11,194,612 shares of the semiconductor company’s stock valued at $1,108,940,000 after acquiring an additional 2,826,463 shares in the last quarter. Norges Bank acquired a new position in shares of Entegris in the 4th quarter valued at about $445,988,000. D1 Capital Partners L.P. lifted its position in shares of Entegris by 329.4% in the fourth quarter. D1 Capital Partners L.P. now owns 2,752,902 shares of the semiconductor company’s stock worth $272,702,000 after purchasing an additional 2,111,801 shares in the last quarter. Finally, Cantillon Capital Management LLC boosted its holdings in shares of Entegris by 12.6% during the fourth quarter. Cantillon Capital Management LLC now owns 2,616,354 shares of the semiconductor company’s stock worth $259,176,000 after purchasing an additional 291,893 shares during the period.

Entegris Trading Down 1.7 %

Entegris stock opened at $77.08 on Friday. The business’s 50-day simple moving average is $83.48 and its 200-day simple moving average is $96.83. Entegris, Inc. has a 52 week low of $60.75 and a 52 week high of $147.57. The firm has a market capitalization of $11.66 billion, a PE ratio of 39.94, a PEG ratio of 1.50 and a beta of 1.33. 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 issued its quarterly earnings results on Wednesday, May 7th. The semiconductor company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.02). The business had revenue of $773.20 million for the quarter, compared to analyst estimates of $790.75 million. Entegris had a return on equity of 12.83% and a net margin of 9.03%. The firm’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.68 earnings per share. Equities research analysts forecast that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Wednesday, April 30th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend is Wednesday, April 30th. Entegris’s dividend payout ratio is presently 20.73%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ENTG. Needham & Company LLC cut their target price on shares of Entegris from $120.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday. StockNews.com lowered Entegris from a “hold” rating to a “sell” rating in a research report on Saturday, April 19th. KeyCorp dropped their price objective on Entegris from $130.00 to $117.00 and set an “overweight” rating on the stock in a report on Thursday. UBS Group reduced their target price on shares of Entegris from $90.00 to $85.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, Citigroup cut their price target on shares of Entegris from $125.00 to $102.00 and set a “buy” rating on the stock in a report on Thursday. One 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’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $113.00.

Insider Activity at Entegris

In related news, SVP Olivier Blachier sold 984 shares of the 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 completion of the transaction, the senior vice president now owns 10,903 shares of the company’s stock, valued at $1,177,524. This represents a 8.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 transaction, the senior vice president now owns 34,820 shares of the company’s stock, valued at approximately $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 currently owned by corporate 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).