Entegris, Inc. (NASDAQ:ENTG) Shares Acquired by Brown Advisory Inc.

Brown Advisory Inc. boosted its stake in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 16.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,044,975 shares of the semiconductor company's stock after buying an additional 144,620 shares during the quarter. Brown Advisory Inc. owned approximately 0.69% of Entegris worth $103,515,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Quarry LP bought a new position in shares of Entegris during the fourth quarter valued at approximately $28,000. Fortitude Family Office LLC boosted its position in Entegris by 195.7% during the 4th quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company's stock valued at $41,000 after acquiring an additional 274 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Entegris in the 4th quarter valued at $42,000. Parvin Asset Management LLC bought a new position in shares of Entegris in the 4th quarter worth $69,000. Finally, Eagle Bay Advisors LLC lifted its stake in shares of Entegris by 4,375.0% during the 4th quarter. Eagle Bay Advisors LLC now owns 716 shares of the semiconductor company's stock worth $71,000 after purchasing an additional 700 shares during the last quarter.

Insider Activity

In other news, SVP Clinton M. Haris sold 12,652 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $106.92, for a total transaction of $1,352,751.84. Following the sale, the senior vice president now owns 34,820 shares of the company's stock, valued at $3,722,954.40. This trade represents a 26.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Olivier Blachier sold 984 shares of the business's stock in a transaction 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 owns 10,903 shares of the company's stock, valued at approximately $1,177,524. This represents a 8.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.67% of the company's stock.

Entegris Stock Performance

Shares of NASDAQ:ENTG traded down $0.72 during trading on Friday, hitting $76.36. The stock had a trading volume of 3,241,671 shares, compared to its average volume of 2,415,381. 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, Inc. has a 12-month low of $60.75 and a 12-month high of $147.57. The stock has a market capitalization of $11.55 billion, a price-to-earnings ratio of 39.56, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33. The stock has a 50-day simple moving average of $83.04 and a two-hundred day simple moving average of $96.60.

Entegris (NASDAQ:ENTG - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.69 by ($0.02). The business 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 business's quarterly revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.68 earnings per share. On average, equities research analysts expect that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Wednesday, April 30th will be paid a dividend of $0.10 per share. The ex-dividend date is Wednesday, April 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.52%. Entegris's payout ratio is currently 20.73%.

Analyst Upgrades and Downgrades

ENTG has been the topic of a number of analyst reports. UBS Group cut their price objective on shares of Entegris from $90.00 to $85.00 and set a "neutral" 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. KeyCorp lowered their price objective on Entegris from $130.00 to $117.00 and set an "overweight" rating for the company in a research report on Thursday. Citigroup reduced their target price on Entegris from $125.00 to $102.00 and set a "buy" rating on the stock in a research report on Thursday. Finally, Needham & Company LLC lowered their price target on Entegris from $120.00 to $100.00 and set a "buy" rating for the company in a report on Thursday. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $113.00.

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).