Inceptionr LLC Purchases New Position in Entegris, Inc. (NASDAQ:ENTG)

Inceptionr LLC purchased a new stake in shares of Entegris, Inc. (NASDAQ:ENTG) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,866 shares of the semiconductor company’s stock, valued at approximately $482,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ENTG. Janney Montgomery Scott LLC bought a new position in Entegris during the third quarter valued at approximately $1,158,000. Asset Management One Co. Ltd. lifted its stake in shares of Entegris by 0.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 53,689 shares of the semiconductor company’s stock valued at $6,042,000 after purchasing an additional 152 shares during the last quarter. QRG Capital Management Inc. lifted its stake in shares of Entegris by 3.4% in the 3rd quarter. QRG Capital Management Inc. now owns 8,483 shares of the semiconductor company’s stock valued at $955,000 after purchasing an additional 280 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Entegris in the 3rd quarter valued at approximately $29,000. Finally, Equitable Trust Co. lifted its stake in shares of Entegris by 2.2% in the 3rd quarter. Equitable Trust Co. now owns 6,501 shares of the semiconductor company’s stock valued at $732,000 after purchasing an additional 138 shares during the last quarter.

Insiders Place Their Bets

In other Entegris news, SVP Clinton M. Haris sold 12,652 shares of the firm’s stock in a transaction on 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 directly owns 34,820 shares in the company, valued at $3,722,954.40. This trade represents a 26.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Olivier Blachier sold 984 shares of the firm’s stock in a transaction 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 $1,177,524. The trade was a 8.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ENTG shares. StockNews.com lowered Entegris from a “hold” rating to a “sell” rating in a research note on Thursday, February 27th. KeyCorp lowered their price objective on Entegris from $150.00 to $141.00 and set an “overweight” rating for the company in a research note on Friday, February 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 price objective on shares of Entegris in a research note on Friday, February 7th. Finally, Mizuho lowered their price objective on Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. One 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.com, Entegris currently has an average rating of “Moderate Buy” and an average price target of $124.88.

Entegris Price Performance

Shares of ENTG stock opened at $102.93 on Friday. 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 1.08, a quick ratio of 1.86 and a current ratio of 3.08. The firm has a market capitalization of $15.56 billion, a P/E ratio of 53.33, a P/E/G ratio of 1.50 and a beta of 1.32. The stock has a 50 day moving average price of $102.66 and a 200 day moving average price of $105.83.

Entegris (NASDAQ:ENTG) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.77 by $0.07. Entegris had a return on equity of 12.83% and a net margin of 9.03%. As a group, sell-side analysts predict that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Dividend Announcement

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 was Wednesday, January 29th. This represents a $0.40 annualized dividend and a yield of 0.39%. Entegris’s payout ratio is currently 20.73%.

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).