Steph & Co. Takes Position in Entegris, Inc. (NASDAQ:ENTG)

Steph & Co. purchased a new position in Entegris, Inc. (NASDAQ:ENTG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,257 shares of the semiconductor company’s stock, valued at approximately $151,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Entegris by 38.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 89,653 shares of the semiconductor company’s stock worth $10,742,000 after purchasing an additional 24,887 shares during the last quarter. Main Street Research LLC acquired a new position in shares of Entegris during the 4th quarter worth $216,000. Strs Ohio boosted its stake in Entegris by 8.6% in the fourth quarter. Strs Ohio now owns 88,956 shares of the semiconductor company’s stock valued at $10,658,000 after buying an additional 7,064 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in Entegris by 0.7% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 71,800 shares of the semiconductor company’s stock worth $8,603,000 after acquiring an additional 500 shares in the last quarter. Finally, WCM Investment Management LLC lifted its holdings in shares of Entegris by 0.4% in the fourth quarter. WCM Investment Management LLC now owns 5,173,163 shares of the semiconductor company’s stock worth $628,177,000 after acquiring an additional 22,249 shares during the last quarter.

Analyst Ratings Changes

ENTG has been the topic of several research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $150.00 price target on shares of Entegris in a report on Thursday, March 7th. StockNews.com downgraded shares of Entegris from a “hold” rating to a “sell” rating in a report on Thursday, February 22nd. The Goldman Sachs Group boosted their price objective on Entegris from $104.00 to $147.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Citigroup raised their price target on shares of Entegris from $117.00 to $134.00 and gave the company a “neutral” rating in a research note on Friday, February 16th. Finally, Craig Hallum raised Entegris from a “hold” rating to a “buy” rating and set a $150.00 target price for the company in a research report on Thursday, February 15th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $141.64.

Insider Activity at Entegris

In other Entegris news, CAO Michael Sauer sold 1,897 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $132.54, for a total transaction of $251,428.38. Following the transaction, the chief accounting officer now directly owns 1,779 shares in the company, valued at approximately $235,788.66. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Entegris news, CAO Michael Sauer sold 1,897 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $132.54, for a total value of $251,428.38. Following the completion of the sale, the chief accounting officer now directly owns 1,779 shares of the company’s stock, valued at approximately $235,788.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Daniel D. Woodland sold 9,000 shares of Entegris stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $139.50, for a total transaction of $1,255,500.00. Following the transaction, the insider now directly owns 32,730 shares in the company, valued at approximately $4,565,835. The disclosure for this sale can be found here. Insiders have sold a total of 41,082 shares of company stock valued at $5,606,849 over the last 90 days. Insiders own 0.67% of the company’s stock.

Entegris Stock Down 1.3 %

Shares of Entegris stock traded down $1.75 during trading hours on Wednesday, reaching $129.25. The company’s stock had a trading volume of 1,658,443 shares, compared to its average volume of 1,383,007. The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.67 and a current ratio of 3.85. The stock’s fifty day simple moving average is $135.90 and its two-hundred day simple moving average is $116.60. The company has a market capitalization of $19.48 billion, a P/E ratio of 110.08 and a beta of 1.32. Entegris, Inc. has a one year low of $69.37 and a one year high of $146.91.

Entegris (NASDAQ:ENTG) last released its quarterly earnings results on Tuesday, February 13th. The semiconductor company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. The business had revenue of $812.30 million during the quarter, compared to the consensus estimate of $780.95 million. Entegris had a return on equity of 12.00% and a net margin of 5.13%. The company’s quarterly revenue was down 14.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.83 EPS. On average, research analysts forecast that Entegris, Inc. will post 3.31 earnings per share for the current year.

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).