Durable Capital Partners LP Acquires 288,213 Shares of Entegris, Inc. (NASDAQ:ENTG)

Durable Capital Partners LP increased its position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 16.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,033,219 shares of the semiconductor company's stock after purchasing an additional 288,213 shares during the quarter. Entegris makes up about 1.6% of Durable Capital Partners LP's holdings, making the stock its 24th biggest position. Durable Capital Partners LP owned approximately 1.35% of Entegris worth $201,411,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Corient Private Wealth LLC increased its holdings 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 buying an additional 128 shares during the period. Torray Investment Partners LLC increased its stake in Entegris by 0.9% in the 4th quarter. Torray Investment Partners LLC now owns 15,266 shares of the semiconductor company's stock worth $1,512,000 after purchasing an additional 129 shares during the period. Metis Global Partners LLC increased its stake in Entegris by 7.1% in the 4th quarter. Metis Global Partners LLC now owns 2,049 shares of the semiconductor company's stock worth $203,000 after purchasing an additional 135 shares during the period. HighPoint Advisor Group LLC lifted its position 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 purchasing an additional 146 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in shares of Entegris by 6.3% during the fourth 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.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. UBS Group dropped their price target on shares of Entegris from $90.00 to $85.00 and set a "neutral" rating for the company in a research report on Thursday. KeyCorp reduced their price target on Entegris from $130.00 to $117.00 and set an "overweight" rating on the stock in a report on Thursday. Needham & Company LLC cut their price objective on Entegris from $120.00 to $100.00 and set a "buy" rating on the stock 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 note on Thursday. Finally, StockNews.com cut shares of Entegris from a "hold" rating to a "sell" rating in a report on Saturday, April 19th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $113.00.

Entegris Stock Up 7.9%

NASDAQ:ENTG traded up $6.01 during mid-day trading on Monday, hitting $82.37. 3,461,594 shares of the company's stock were exchanged, compared to its average volume of 2,420,247. The company has a market cap of $12.46 billion, a PE ratio of 42.87, a P/E/G ratio of 1.50 and a beta of 1.33. 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, Inc. has a one year low of $60.75 and a one year high of $147.57. The business has a fifty day moving average price of $83.04 and a 200 day moving average price of $96.55.

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 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 company had revenue of $773.20 million during the quarter, compared to analysts' expectations of $790.75 million. During the same quarter in the previous year, the company earned $0.68 EPS. The business's quarterly revenue was up .3% on a year-over-year basis. Equities analysts predict that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Dividend Announcement

The firm also recently announced 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 of this dividend is Wednesday, April 30th. This represents a $0.40 annualized dividend and a yield of 0.49%. Entegris's dividend payout ratio is 20.73%.

Insider Activity

In related news, SVP Olivier Blachier sold 984 shares of Entegris 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 completion of the sale, the senior vice president now owns 10,903 shares of the company's stock, valued at $1,177,524. The trade was a 8.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.67% of the company's stock.

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).