FORA Capital LLC Makes New Investment in Entegris, Inc. (NASDAQ:ENTG)

FORA Capital LLC acquired a new stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 16,072 shares of the semiconductor company's stock, valued at approximately $1,592,000.

A number of other institutional investors also recently bought and sold shares of ENTG. Vanguard Group Inc. increased its stake in shares of 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 acquiring an additional 169,180 shares during the period. Price T Rowe Associates Inc. MD grew its position 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 buying an additional 2,826,463 shares during the period. Norges Bank acquired a new stake in shares of Entegris in the fourth quarter valued at approximately $445,988,000. D1 Capital Partners L.P. grew its position in shares of Entegris by 329.4% in the fourth quarter. D1 Capital Partners L.P. now owns 2,752,902 shares of the semiconductor company's stock valued at $272,702,000 after purchasing an additional 2,111,801 shares during the last quarter. Finally, Cantillon Capital Management LLC boosted its position in Entegris by 12.6% during the fourth quarter. Cantillon Capital Management LLC now owns 2,616,354 shares of the semiconductor company's stock worth $259,176,000 after acquiring an additional 291,893 shares during the last quarter.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other Entegris 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 transaction 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. This trade represents a 8.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.67% of the company's stock.

Entegris Price Performance

Shares of NASDAQ ENTG traded up $6.03 during mid-day trading on Monday, reaching $82.39. 7,413,504 shares of the company traded hands, compared to its average volume of 2,435,372. Entegris, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $147.57. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.08 and a quick ratio of 1.86. The firm has a market cap of $12.47 billion, a PE ratio of 42.69, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33. The stock has a fifty day simple moving average of $82.64 and a 200-day simple moving average of $96.39.

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). The business had revenue of $773.20 million during the quarter, compared to analyst estimates of $790.75 million. Entegris had a return on equity of 12.83% and a net margin of 9.03%. The company's quarterly revenue was up .3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.68 EPS. Equities research analysts anticipate that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Wednesday, April 30th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend is Wednesday, April 30th. Entegris's payout ratio is 19.61%.

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).