BNP Paribas Financial Markets Raises Stock Position in Entegris, Inc. (NASDAQ:ENTG)

BNP Paribas Financial Markets boosted its position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 25.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 220,365 shares of the semiconductor company's stock after buying an additional 44,292 shares during the period. BNP Paribas Financial Markets owned 0.15% of Entegris worth $21,829,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in Entegris by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 15,202,146 shares of the semiconductor company's stock valued at $1,505,925,000 after purchasing an additional 169,180 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Entegris by 33.8% in the fourth 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 in the last quarter. Norges Bank acquired a new position in Entegris during the fourth quarter worth about $445,988,000. D1 Capital Partners L.P. grew its stake in Entegris by 329.4% during 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 acquiring an additional 2,111,801 shares in the last quarter. Finally, Cantillon Capital Management LLC raised its holdings in Entegris by 12.6% in the 4th quarter. Cantillon Capital Management LLC now owns 2,616,354 shares of the semiconductor company's stock valued at $259,176,000 after acquiring an additional 291,893 shares during the last quarter.

Insider Activity at Entegris

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. UBS Group decreased 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, May 8th. Citigroup reduced their price objective on Entegris from $125.00 to $102.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. KeyCorp lowered their price objective on Entegris from $130.00 to $117.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. StockNews.com downgraded Entegris from a "hold" rating to a "sell" rating in a research note on Saturday, April 19th. Finally, Needham & Company LLC reduced their price target on Entegris from $120.00 to $100.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. One equities research 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. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $113.00.

Entegris Trading Down 1.6%

Shares of NASDAQ:ENTG traded down $1.36 during mid-day trading on Wednesday, reaching $81.78. 2,432,583 shares of the company were exchanged, compared to its average volume of 2,447,798. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.08 and a quick ratio of 1.86. The firm has a market cap of $12.38 billion, a price-to-earnings ratio of 42.37, a P/E/G ratio of 1.50 and a beta of 1.33. The firm's 50-day simple moving average is $82.30 and its 200 day simple moving average is $96.30. Entegris, Inc. has a 1 year low of $60.75 and a 1 year high of $147.57.

Entegris (NASDAQ:ENTG - Get Free Report) last released its quarterly 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). The firm had revenue of $773.20 million for the quarter, compared to analysts' expectations of $790.75 million. Entegris had a return on equity of 12.83% and a net margin of 9.03%. The company's quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.68 earnings per share. Equities research analysts forecast that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 21st. Investors of record on Wednesday, April 30th will be paid 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 0.49%. Entegris's payout ratio is 19.61%.

About Entegris

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).