OP Asset Management Ltd bought a new stake in shares of Entegris, Inc. (NASDAQ:ENTG – Free Report) during the 1st quarter, HoldingsChannel reports. The institutional investor bought 14,712 shares of the semiconductor company’s stock, valued at approximately $1,725,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Ameriflex Group Inc. bought a new stake in Entegris in the third quarter worth $25,000. Steph & Co. bought a new position in Entegris during the fourth quarter valued at $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Entegris during the fourth quarter valued at $29,000. Johnson Financial Group Inc. raised its stake in shares of Entegris by 147.5% in the fourth quarter. Johnson Financial Group Inc. now owns 396 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 236 shares during the period. Finally, Sound Income Strategies LLC raised its stake in shares of Entegris by 407.0% in the fourth quarter. Sound Income Strategies LLC now owns 507 shares of the semiconductor company’s stock valued at $43,000 after acquiring an additional 407 shares during the period.
Entegris Price Performance
Shares of ENTG stock opened at $161.43 on Monday. The company has a market capitalization of $24.62 billion, a P/E ratio of 93.31, a P/E/G ratio of 2.01 and a beta of 1.37. The company’s 50-day simple moving average is $146.86 and its two-hundred day simple moving average is $125.17. Entegris, Inc. has a one year low of $67.97 and a one year high of $186.94. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.21 and a quick ratio of 2.05.
Entegris Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Wednesday, April 29th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, April 29th. This represents a $0.40 dividend on an annualized basis and a yield of 0.2%. Entegris’s payout ratio is 23.12%.
Analysts Set New Price Targets
A number of equities analysts recently commented on ENTG shares. UBS Group lifted their price target on shares of Entegris from $185.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Mizuho increased their price objective on shares of Entegris from $175.00 to $180.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Needham & Company LLC raised their price objective on shares of Entegris from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. The Goldman Sachs Group restated a “sell” rating and set a $115.00 target price on shares of Entegris in a research report on Friday, May 1st. Finally, Weiss Ratings raised Entegris from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Seven investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $154.33.
Check Out Our Latest Stock Analysis on Entegris
Insiders Place Their Bets
In other news, SVP Olivier Blachier sold 2,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $140.04, for a total transaction of $280,080.00. Following the transaction, the senior vice president owned 34,897 shares in the company, valued at approximately $4,886,975.88. This trade represents a 5.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director James P. Lederer sold 3,569 shares of Entegris stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $143.59, for a total value of $512,472.71. Following the completion of the sale, the director owned 18,277 shares of the company’s stock, valued at $2,624,394.43. The trade was a 16.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 107,867 shares of company stock worth $15,215,629. 0.53% of the stock is owned by company insiders.
Entegris Profile
Entegris, Inc is a leading provider of advanced materials and process control solutions for the semiconductor and other high-technology industries. The company develops and supplies a broad portfolio of products designed to ensure purity and reliability throughout the manufacturing process, helping customers address critical contamination and yield challenges.
Entegris’s product offerings include high-purity chemicals and specialty materials, liquid and gas filtration and purification systems, and sophisticated wafer and chip handling solutions.
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