Ameriprise Financial Inc. Acquires 312,042 Shares of Entegris, Inc. (NASDAQ:ENTG)

Ameriprise Financial Inc. grew its holdings in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 16.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,199,161 shares of the semiconductor company's stock after buying an additional 312,042 shares during the quarter. Ameriprise Financial Inc. owned 1.46% of Entegris worth $217,850,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in Entegris during the 4th quarter valued at approximately $445,988,000. Price T Rowe Associates Inc. MD lifted its position in shares of 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 worth $1,108,940,000 after buying an additional 2,826,463 shares during the last quarter. D1 Capital Partners L.P. boosted its holdings in shares of Entegris by 329.4% in the 4th quarter. D1 Capital Partners L.P. now owns 2,752,902 shares of the semiconductor company's stock valued at $272,702,000 after buying an additional 2,111,801 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Entegris during the 4th quarter valued at about $91,869,000. Finally, Principal Financial Group Inc. boosted its position in Entegris by 130.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,379,963 shares of the semiconductor company's stock valued at $155,287,000 after purchasing an additional 781,955 shares during the period.

Analysts Set New Price Targets

ENTG has been the subject of several recent analyst reports. Needham & Company LLC decreased their price target on Entegris from $120.00 to $100.00 and set a "buy" rating for the company in a research note on Thursday. UBS Group lowered their target price on shares of Entegris from $90.00 to $85.00 and set a "neutral" rating on the stock in a research note on Thursday. Citigroup lowered their price target on Entegris from $125.00 to $102.00 and set a "buy" rating on the stock in a research report on Thursday. StockNews.com lowered Entegris from a "hold" rating to a "sell" rating in a report on Saturday, April 19th. Finally, KeyCorp dropped their price target on shares of Entegris from $130.00 to $117.00 and set an "overweight" rating on the stock in a research report on Thursday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, Entegris currently has an average rating of "Moderate Buy" and an average target price of $113.00.

Insiders Place Their Bets

In other news, SVP Olivier Blachier sold 984 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $108.00, for a total transaction 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 $1,177,524. This trade represents a 8.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Clinton M. Haris sold 12,652 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $106.92, for a total value 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 trade represents a 26.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.67% of the company's stock.

Entegris Stock Down 0.9 %

Entegris stock traded down $0.72 during trading hours on Friday, hitting $76.36. The company had a trading volume of 3,241,671 shares, compared to its average volume of 2,415,381. The firm's fifty day moving average is $83.04 and its 200-day moving average is $96.60. The firm has a market capitalization of $11.55 billion, a P/E ratio of 39.56, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33. Entegris, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $147.57. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.08 and a quick ratio of 1.86.

Entegris (NASDAQ:ENTG - Get Free Report) last posted its earnings results on Wednesday, May 7th. The semiconductor company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.02). Entegris had a return on equity of 12.83% and a net margin of 9.03%. The business had revenue of $773.20 million during the quarter, compared to the consensus estimate of $790.75 million. During the same period in the prior year, the firm earned $0.68 earnings per share. The business's revenue was up .3% on a year-over-year basis. On average, research analysts forecast that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 21st. Investors of record on Wednesday, April 30th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date is Wednesday, April 30th. Entegris's dividend 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).