Entegris, Inc. (NASDAQ:ENTG) Shares Bought by D1 Capital Partners L.P.

D1 Capital Partners L.P. lifted its stake in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 329.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,752,902 shares of the semiconductor company's stock after buying an additional 2,111,801 shares during the quarter. Entegris makes up about 4.5% of D1 Capital Partners L.P.'s investment portfolio, making the stock its 6th largest holding. D1 Capital Partners L.P. owned approximately 1.82% of Entegris worth $272,702,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Entegris by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 15,202,146 shares of the semiconductor company's stock worth $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 Entegris by 33.8% during 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 purchasing an additional 2,826,463 shares during the last quarter. Norges Bank bought a new position in Entegris during the fourth quarter worth $445,988,000. Cantillon Capital Management LLC boosted its holdings in shares of Entegris by 12.6% during the fourth 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 period. Finally, Geode Capital Management LLC boosted its holdings in shares of Entegris by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 2,560,896 shares of the semiconductor company's stock valued at $253,225,000 after acquiring an additional 22,948 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. StockNews.com cut shares of Entegris from a "hold" rating to a "sell" rating in a report on Saturday, April 19th. Mizuho decreased their price objective on shares of Entegris from $125.00 to $120.00 and set an "outperform" rating for the company in a report on Tuesday, January 7th. UBS Group decreased their price objective on shares of Entegris from $115.00 to $90.00 and set a "neutral" rating for the company in a report on Tuesday. KeyCorp decreased their price objective on shares of Entegris from $141.00 to $130.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $120.00 price objective on shares of Entegris in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $120.38.

Insider Buying and Selling

In related 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 value 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 trade represents a 8.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Clinton M. Haris sold 12,652 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $106.92, for a total transaction of $1,352,751.84. Following the completion of the transaction, the senior vice president now directly owns 34,820 shares of the company's stock, valued at $3,722,954.40. This represents a 26.65 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.67% of the company's stock.

Entegris Price Performance

ENTG stock traded down $0.88 on Tuesday, hitting $78.97. 320,344 shares of the company's stock traded hands, compared to its average volume of 2,327,153. Entegris, Inc. has a 1-year low of $60.75 and a 1-year high of $147.57. The stock has a market cap of $11.95 billion, a price-to-earnings ratio of 40.87, a P/E/G ratio of 1.50 and a beta of 1.36. The stock has a fifty day moving average of $86.90 and a 200-day moving average of $98.08. 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 (NASDAQ:ENTG - Get Free Report) last released its earnings results on Thursday, February 6th. The semiconductor company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.77 by $0.07. Entegris had a net margin of 9.03% and a return on equity of 12.83%. On average, analysts forecast that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 21st. Investors of record on Wednesday, April 30th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date is Wednesday, April 30th. Entegris's dividend payout ratio is 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).