Tidal Investments LLC Purchases 2,387 Shares of Entegris, Inc. (NASDAQ:ENTG)

Tidal Investments LLC boosted its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 5.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 45,167 shares of the semiconductor company’s stock after purchasing an additional 2,387 shares during the quarter. Tidal Investments LLC’s holdings in Entegris were worth $4,474,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of ENTG. Corient Private Wealth LLC grew its position in shares of Entegris by 1.1% during the 4th quarter. Corient Private Wealth LLC now owns 11,862 shares of the semiconductor company’s stock worth $1,175,000 after buying an additional 128 shares in the last quarter. Torray Investment Partners LLC lifted its stake in Entegris by 0.9% in the fourth quarter. Torray Investment Partners LLC now owns 15,266 shares of the semiconductor company’s stock worth $1,512,000 after acquiring an additional 129 shares during the period. Metis Global Partners LLC lifted its stake in Entegris by 7.1% in the fourth quarter. Metis Global Partners LLC now owns 2,049 shares of the semiconductor company’s stock worth $203,000 after acquiring an additional 135 shares during the period. HighPoint Advisor Group LLC grew its holdings in Entegris by 4.3% during the 4th quarter. HighPoint Advisor Group LLC now owns 3,559 shares of the semiconductor company’s stock worth $376,000 after acquiring an additional 146 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its position in Entegris by 6.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 2,482 shares of the semiconductor company’s stock valued at $246,000 after purchasing an additional 147 shares during the period.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ENTG. Citigroup lowered their price target on shares of Entegris from $125.00 to $102.00 and set a “buy” rating for the company in a research report on Thursday, May 8th. StockNews.com downgraded shares of Entegris from a “hold” rating to a “sell” rating in a research note on Saturday, April 19th. UBS Group dropped their target price on Entegris from $90.00 to $85.00 and set a “neutral” rating on the stock in a research report on Thursday, May 8th. KeyCorp cut their price target on Entegris from $130.00 to $117.00 and set an “overweight” rating on the stock in a report on Thursday, May 8th. Finally, Needham & Company LLC restated a “buy” rating and set a $100.00 price objective on shares of Entegris in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $113.00.

Entegris Price Performance

Shares of ENTG opened at $76.27 on Wednesday. The company has a market cap of $11.55 billion, a price-to-earnings ratio of 39.52, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33. Entegris, Inc. has a twelve month low of $60.75 and a twelve month high of $147.57. 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 company has a 50 day moving average of $80.42 and a two-hundred day moving average of $95.30.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings data on Wednesday, May 7th. The semiconductor company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.02). Entegris had a net margin of 9.03% and a return on equity of 12.83%. The business had revenue of $773.20 million for the quarter, compared to analysts’ expectations of $790.75 million. During the same quarter in the prior year, the company posted $0.68 EPS. The business’s revenue for the quarter was up .3% on a year-over-year basis. As a group, analysts predict that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Wednesday, April 30th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend is Wednesday, April 30th. Entegris’s dividend payout ratio is presently 19.61%.

Insiders Place Their Bets

In other Entegris news, SVP Olivier Blachier sold 984 shares of the firm’s stock in a transaction on 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 approximately $1,177,524. This trade 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 the SEC website. 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).