Sora Investors LLC Makes New $7.08 Million Investment in Entegris, Inc. (NASDAQ:ENTG)

Sora Investors LLC acquired a new stake in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 71,428 shares of the semiconductor company's stock, valued at approximately $7,076,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Swedbank AB boosted its position in Entegris by 47.7% in the fourth quarter. Swedbank AB now owns 1,550,942 shares of the semiconductor company's stock valued at $153,636,000 after buying an additional 500,581 shares in the last quarter. National Bank of Canada FI raised its stake in shares of Entegris by 66,855.0% in the fourth quarter. National Bank of Canada FI now owns 490,780 shares of the semiconductor company's stock valued at $48,617,000 after acquiring an additional 490,047 shares during the last quarter. Argent Capital Management LLC boosted its holdings in shares of Entegris by 9.9% in the 4th quarter. Argent Capital Management LLC now owns 31,066 shares of the semiconductor company's stock worth $3,077,000 after acquiring an additional 2,793 shares in the last quarter. Callan Family Office LLC bought a new stake in Entegris during the 4th quarter worth approximately $308,000. Finally, Renaissance Technologies LLC bought a new position in Entegris in the 4th quarter valued at $7,549,000.

Insider Activity

In other news, SVP Olivier Blachier sold 984 shares of the company's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $108.00, for a total value of $106,272.00. Following the completion of the sale, the senior vice president now directly owns 10,903 shares of the company's stock, valued at $1,177,524. This represents a 8.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.67% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

ENTG has been the subject of several research analyst reports. Needham & Company LLC cut their price objective on Entegris from $120.00 to $100.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. 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, May 8th. UBS Group reduced their price objective on Entegris from $90.00 to $85.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. KeyCorp decreased their price objective on Entegris from $130.00 to $117.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. Finally, StockNews.com downgraded Entegris from a "hold" rating to a "sell" rating in a research report on Saturday, April 19th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, Entegris has a consensus rating of "Moderate Buy" and an average price target of $113.00.

Entegris Trading Down 3.5%

NASDAQ ENTG traded down $2.71 during trading hours on Monday, hitting $75.53. The company's stock had a trading volume of 2,856,956 shares, compared to its average volume of 2,476,739. The stock has a fifty day moving average of $81.18 and a 200 day moving average of $95.66. Entegris, Inc. has a twelve month low of $60.75 and a twelve month high of $147.57. The firm has a market capitalization of $11.44 billion, a P/E ratio of 39.13, a PEG ratio of 1.50 and a beta of 1.33. The company has a quick ratio of 1.86, a current ratio of 3.08 and a debt-to-equity ratio of 1.08.

Entegris (NASDAQ:ENTG - Get Free Report) 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. Equities research analysts forecast that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Wednesday, April 30th will be paid a $0.10 dividend. 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 0.53%. Entegris's dividend payout ratio (DPR) is presently 19.61%.

Entegris Company 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).