Gallo Partners LP Invests $2.34 Million in Entegris, Inc. (NASDAQ:ENTG)

Gallo Partners LP acquired a new position in Entegris, Inc. (NASDAQ:ENTG - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 23,589 shares of the semiconductor company's stock, valued at approximately $2,337,000. Entegris makes up approximately 1.7% of Gallo Partners LP's portfolio, making the stock its 22nd largest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new stake in Entegris in the fourth quarter valued at $445,988,000. Price T Rowe Associates Inc. MD grew its stake in shares of Entegris by 33.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 11,194,612 shares of the semiconductor company's stock valued at $1,108,940,000 after buying an additional 2,826,463 shares during the period. D1 Capital Partners L.P. increased its position in Entegris by 329.4% in the 4th quarter. D1 Capital Partners L.P. now owns 2,752,902 shares of the semiconductor company's stock valued at $272,702,000 after buying an additional 2,111,801 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Entegris during the 4th quarter worth approximately $91,869,000. Finally, Principal Financial Group Inc. boosted its holdings in Entegris by 130.8% in the third quarter. Principal Financial Group Inc. now owns 1,379,963 shares of the semiconductor company's stock worth $155,287,000 after acquiring an additional 781,955 shares in the last quarter.

Wall Street Analyst Weigh In

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

Insider Transactions at Entegris

In other Entegris news, SVP Olivier Blachier sold 984 shares of the stock in a transaction dated 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 transaction, the senior vice president now owns 10,903 shares in the company, valued at $1,177,524. This trade represents a 8.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Clinton M. Haris sold 12,652 shares of the business's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $106.92, for a total transaction of $1,352,751.84. Following the completion of the sale, the senior vice president now directly owns 34,820 shares in the company, valued at approximately $3,722,954.40. This trade represents a 26.65 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is owned by corporate insiders.

Entegris Stock Up 5.2 %

ENTG stock traded up $4.11 during trading on Friday, reaching $83.41. The stock had a trading volume of 2,901,384 shares, compared to its average volume of 2,335,189. The company has a quick ratio of 1.86, a current ratio of 3.08 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $12.62 billion, a price-to-earnings ratio of 43.22, a P/E/G ratio of 1.50 and a beta of 1.33. Entegris, Inc. has a one year low of $60.75 and a one year high of $147.57. The company's 50 day moving average is $85.01 and its two-hundred day moving average is $97.46.

Entegris (NASDAQ:ENTG - Get Free Report) last released its earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.07. Entegris had a return on equity of 12.83% and a net margin of 9.03%. Equities research analysts forecast that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Wednesday, April 30th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.48%. Entegris's dividend payout ratio is presently 20.73%.

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).