Polar Asset Management Partners Inc. Boosts Stock Position in Entegris, Inc. (NASDAQ:ENTG)

Polar Asset Management Partners Inc. boosted its position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 192.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 153,900 shares of the semiconductor company's stock after buying an additional 101,200 shares during the period. Polar Asset Management Partners Inc. owned 0.10% of Entegris worth $15,245,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP acquired a new position in shares of Entegris in the 4th quarter valued at $28,000. Neo Ivy Capital Management purchased a new position in Entegris during the 4th quarter worth $34,000. Parvin Asset Management LLC acquired a new position in Entegris in the fourth quarter valued at $69,000. Promus Capital LLC acquired a new position in Entegris in the fourth quarter valued at $71,000. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Entegris by 27.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 731 shares of the semiconductor company's stock valued at $73,000 after buying an additional 158 shares during the last quarter.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Wall Street Zen lowered Entegris from a "hold" rating to a "sell" rating in a report on Saturday, April 19th. KeyCorp dropped their target price on Entegris from $130.00 to $117.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. Citigroup decreased their price target on Entegris from $125.00 to $102.00 and set a "buy" rating for the company in a report on Thursday, May 8th. UBS Group dropped their price objective 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. Finally, Needham & Company LLC restated a "buy" rating and issued a $100.00 target price on shares of Entegris in a research note on Tuesday, May 20th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Entegris presently has a consensus rating of "Moderate Buy" and a consensus target price of $113.00.

Entegris Price Performance

Entegris stock traded down $2.30 during trading hours on Wednesday, hitting $72.63. The stock had a trading volume of 2,679,174 shares, compared to its average volume of 2,519,909. Entegris, Inc. has a 1-year low of $60.75 and a 1-year high of $147.57. The stock has a market capitalization of $11.00 billion, a price-to-earnings ratio of 37.63, a PEG ratio of 1.50 and a beta of 1.33. The stock's fifty day moving average is $77.75 and its two-hundred day moving average is $94.21. 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 (NASDAQ:ENTG - Get Free Report) last posted its 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 net margin of 9.03% and a return on equity of 12.83%. The business had revenue of $773.20 million for the quarter, compared to analysts' expectations of $790.75 million. During the same quarter last year, the business posted $0.68 earnings per share. The business's revenue was up .3% compared to the same quarter last year. As a group, analysts predict 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 was paid on Wednesday, May 21st. Investors of record on Wednesday, April 30th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date was Wednesday, April 30th. Entegris's dividend payout ratio is presently 19.61%.

Entegris Company 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).