Louisbourg Investments Inc. Purchases New Shares in Entegris, Inc. (NASDAQ:ENTG)

Louisbourg Investments Inc. acquired a new position in Entegris, Inc. (NASDAQ:ENTG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 21,765 shares of the semiconductor company’s stock, valued at approximately $2,156,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. AQR Capital Management LLC lifted its position in Entegris by 19.3% during the 2nd quarter. AQR Capital Management LLC now owns 2,999 shares of the semiconductor company’s stock worth $406,000 after buying an additional 486 shares in the last quarter. CWM LLC raised its stake in shares of Entegris by 18.0% in the third quarter. CWM LLC now owns 2,960 shares of the semiconductor company’s stock worth $333,000 after acquiring an additional 452 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of Entegris by 276.8% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,089 shares of the semiconductor company’s stock worth $123,000 after purchasing an additional 800 shares in the last quarter. Creative Planning grew its stake in shares of Entegris by 17.9% during the third quarter. Creative Planning now owns 14,212 shares of the semiconductor company’s stock valued at $1,599,000 after purchasing an additional 2,153 shares during the last quarter. Finally, Swedbank AB grew its stake in shares of Entegris by 249.7% during the third quarter. Swedbank AB now owns 1,050,361 shares of the semiconductor company’s stock valued at $118,197,000 after purchasing an additional 750,000 shares during the last quarter.

Wall Street Analyst Weigh In

Several research analysts have issued reports on ENTG shares. KeyCorp reduced their price objective on Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. UBS Group cut their price target on Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lowered their price objective on Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Mizuho cut their target price on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Finally, BMO Capital Markets lowered their price target on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $130.60.

Entegris Stock Performance

Shares of ENTG stock opened at $105.74 on Wednesday. The company has a market capitalization of $15.97 billion, a P/E ratio of 54.79, a price-to-earnings-growth ratio of 1.49 and a beta of 1.24. Entegris, Inc. has a 52 week low of $94.92 and a 52 week high of $147.57. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.83 and a current ratio of 2.92. The company’s 50 day moving average price is $103.26 and its two-hundred day moving average price is $106.59.

Entegris (NASDAQ:ENTG) last announced its earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.07. Entegris had a net margin of 9.03% and a return on equity of 13.00%. On average, analysts expect that Entegris, Inc. will post 3.63 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date is Wednesday, January 29th. Entegris’s dividend payout ratio (DPR) is currently 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).