Quantinno Capital Management LP Purchases 3,607 Shares of Entegris, Inc. (NASDAQ:ENTG)

Quantinno Capital Management LP boosted its holdings in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 11.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,797 shares of the semiconductor company's stock after buying an additional 3,607 shares during the quarter. Quantinno Capital Management LP's holdings in Entegris were worth $3,447,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ENTG. Man Group plc bought a new position in Entegris during the 4th quarter worth approximately $360,000. Nissay Asset Management Corp Japan ADV raised its holdings in Entegris by 2.3% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 50,595 shares of the semiconductor company's stock worth $5,149,000 after purchasing an additional 1,120 shares during the last quarter. Meridiem Capital Partners LP bought a new position in Entegris during the 4th quarter worth approximately $11,986,000. Mountaineer Partners Management LLC raised its holdings in Entegris by 1.7% during the 4th quarter. Mountaineer Partners Management LLC now owns 99,860 shares of the semiconductor company's stock worth $9,892,000 after purchasing an additional 1,712 shares during the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC raised its holdings in Entegris by 4.0% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 5,218 shares of the semiconductor company's stock worth $517,000 after purchasing an additional 200 shares during the last quarter.

Insider Activity at Entegris

In related news, SVP Olivier Blachier sold 984 shares of Entegris stock in a transaction 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 sale, 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 can be accessed through the SEC website. 0.67% of the stock is currently owned by insiders.

Entegris Trading Up 1.0%

Shares of NASDAQ:ENTG traded up $0.74 during mid-day trading on Thursday, hitting $73.17. The company had a trading volume of 2,326,790 shares, compared to its average volume of 2,498,259. The firm has a fifty day moving average price of $79.35 and a 200 day moving average price of $94.96. The company has a market capitalization of $11.08 billion, a PE ratio of 37.91, a price-to-earnings-growth 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.

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 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 during the quarter, compared to analyst estimates of $790.75 million. During the same period in the previous year, the business posted $0.68 EPS. The business's revenue for the quarter was up .3% compared to the same quarter last year. As a group, research analysts forecast that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Wednesday, April 30th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend was Wednesday, April 30th. Entegris's payout ratio is currently 19.61%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. KeyCorp lowered their price target on shares of Entegris from $130.00 to $117.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. UBS Group lowered their price target on shares of Entegris from $90.00 to $85.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Needham & Company LLC restated a "buy" rating and set a $100.00 price target on shares of Entegris in a report on Tuesday. Wall Street Zen lowered shares of Entegris from a "hold" rating to a "sell" rating in a research note on Saturday, April 19th. Finally, Citigroup lowered their price objective on shares of Entegris from $125.00 to $102.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Entegris has a consensus rating of "Moderate Buy" and an average price target of $113.00.

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).