Brown Advisory Inc. Raises Stock Holdings in Entegris, Inc. (NASDAQ:ENTG)

Brown Advisory Inc. boosted its holdings in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 16.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,044,975 shares of the semiconductor company's stock after purchasing an additional 144,620 shares during the quarter. Brown Advisory Inc. owned about 0.69% of Entegris worth $103,515,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Corient Private Wealth LLC raised its stake in shares of Entegris by 1.1% in the fourth quarter. Corient Private Wealth LLC now owns 11,862 shares of the semiconductor company's stock worth $1,175,000 after purchasing an additional 128 shares during the last quarter. Torray Investment Partners LLC lifted its holdings in shares of Entegris by 0.9% during the 4th quarter. Torray Investment Partners LLC now owns 15,266 shares of the semiconductor company's stock valued at $1,512,000 after buying an additional 129 shares during the period. Metis Global Partners LLC increased its position in Entegris by 7.1% during the fourth quarter. Metis Global Partners LLC now owns 2,049 shares of the semiconductor company's stock valued at $203,000 after acquiring an additional 135 shares during the last quarter. HighPoint Advisor Group LLC lifted its holdings in Entegris by 4.3% in the fourth quarter. HighPoint Advisor Group LLC now owns 3,559 shares of the semiconductor company's stock valued at $376,000 after acquiring an additional 146 shares during the period. Finally, Sequoia Financial Advisors LLC grew its stake in shares of Entegris by 6.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 2,482 shares of the semiconductor company's stock valued at $246,000 after purchasing an additional 147 shares during the period.

Insider Activity at Entegris

In other Entegris news, SVP Olivier Blachier sold 984 shares of the company'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 transaction, the senior vice president now 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. Also, SVP Clinton M. Haris sold 12,652 shares of Entegris stock in a transaction on Monday, February 10th. The stock was sold at an average price of $106.92, for a total value of $1,352,751.84. Following the sale, the senior vice president now owns 34,820 shares of the company's stock, valued at approximately $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. 0.67% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

ENTG has been the topic of several recent research reports. StockNews.com downgraded Entegris from a "hold" rating to a "sell" rating in a research note on Saturday, April 19th. UBS Group dropped their price target on Entegris from $115.00 to $90.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. KeyCorp lowered their target price on shares of Entegris from $141.00 to $130.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Needham & Company LLC reissued a "buy" rating and set a $120.00 price objective on shares of Entegris in a report on Friday, February 7th. Finally, Mizuho reduced their target price on Entegris from $125.00 to $120.00 and set an "outperform" rating on the stock in a report on Tuesday, January 7th. 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's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $120.38.

Entegris Trading Up 5.2 %

ENTG opened at $83.41 on Monday. The stock has a 50-day moving average of $85.01 and a 200 day moving average of $97.38. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08. Entegris, Inc. has a 12 month low of $60.75 and a 12 month high of $147.57. The firm has a market cap of $12.62 billion, a P/E ratio of 43.22, a P/E/G ratio of 1.50 and a beta of 1.33.

Entegris (NASDAQ:ENTG - Get Free Report) last announced its earnings results on Thursday, February 6th. The semiconductor company reported $0.84 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.07. Entegris had a return on equity of 12.83% and a net margin of 9.03%. As a group, research analysts forecast that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Announces Dividend

The company also recently declared 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 0.48%. Entegris's dividend payout ratio is presently 20.73%.

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).

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