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

FORA Capital LLC acquired a new position in shares of Entegris, Inc. (NASDAQ:ENTG) during the 4th quarter, Holdings Channel.com reports. The fund acquired 16,072 shares of the semiconductor company’s stock, valued at approximately $1,592,000.

Several other hedge funds also recently modified their holdings of ENTG. Norges Bank bought a new stake in Entegris during the 4th quarter worth approximately $445,988,000. Price T Rowe Associates Inc. MD raised its position in Entegris by 33.8% in 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 purchasing an additional 2,826,463 shares during the last quarter. D1 Capital Partners L.P. boosted its stake in 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. Deutsche Bank AG grew its holdings in shares of Entegris by 434.1% during the fourth quarter. Deutsche Bank AG now owns 1,470,162 shares of the semiconductor company’s stock worth $145,634,000 after purchasing an additional 1,194,903 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Entegris in the fourth quarter valued at $91,869,000.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. UBS Group reduced their price target on shares of Entegris from $90.00 to $85.00 and set a “neutral” rating on the stock in a research report on Thursday. StockNews.com lowered shares of Entegris from a “hold” rating to a “sell” rating in a research report on Saturday, April 19th. 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 report on Thursday. Needham & Company LLC reduced their price objective on Entegris from $120.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday. Finally, KeyCorp lowered their target price on Entegris from $130.00 to $117.00 and set an “overweight” rating for the company in a research note on Thursday. One investment 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, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.00.

Entegris Price Performance

ENTG opened at $77.08 on Friday. The company has a fifty day moving average price of $83.48 and a two-hundred day moving average price of $96.83. 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 $11.66 billion, a PE ratio of 39.94, a P/E/G ratio of 1.50 and a beta of 1.33. Entegris, Inc. has a 52 week low of $60.75 and a 52 week high of $147.57.

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

Entegris Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.52%. Entegris’s dividend payout ratio is 20.73%.

Insider Activity at Entegris

In related news, SVP Olivier Blachier sold 984 shares of the company’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 directly owns 10,903 shares of the company’s stock, valued at approximately $1,177,524. This represents a 8.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Clinton M. Haris sold 12,652 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at $3,722,954.40. This represents a 26.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is owned by corporate insiders.

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).