Hsbc Holdings PLC Raises Holdings in Entegris, Inc. (NASDAQ:ENTG)

Hsbc Holdings PLC lifted its holdings in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 146.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 91,985 shares of the semiconductor company's stock after acquiring an additional 54,703 shares during the quarter. Hsbc Holdings PLC owned 0.06% of Entegris worth $9,096,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Corient Private Wealth LLC grew its position in Entegris by 1.1% during the fourth quarter. Corient Private Wealth LLC now owns 11,862 shares of the semiconductor company's stock valued at $1,175,000 after buying an additional 128 shares during the period. Torray Investment Partners LLC grew its position in Entegris by 0.9% during the fourth quarter. Torray Investment Partners LLC now owns 15,266 shares of the semiconductor company's stock valued at $1,512,000 after buying an additional 129 shares during the period. Metis Global Partners LLC grew its position in Entegris by 7.1% during the fourth quarter. Metis Global Partners LLC now owns 2,049 shares of the semiconductor company's stock valued at $203,000 after buying an additional 135 shares during the period. HighPoint Advisor Group LLC grew its position in Entegris by 4.3% during the fourth quarter. HighPoint Advisor Group LLC now owns 3,559 shares of the semiconductor company's stock valued at $376,000 after buying an additional 146 shares during the period. Finally, Sequoia Financial Advisors LLC grew its position in Entegris by 6.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 2,482 shares of the semiconductor company's stock valued at $246,000 after buying an additional 147 shares during the period.

Analyst Ratings Changes

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

Entegris Price Performance

ENTG traded up $0.18 during midday trading on Thursday, hitting $79.30. 2,141,062 shares of the company traded hands, compared to its average volume of 2,331,394. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $12.00 billion, a price-to-earnings ratio of 41.09, a PEG ratio of 1.50 and a beta of 1.36. Entegris, Inc. has a 52-week low of $60.75 and a 52-week high of $147.57. The business has a 50 day simple moving average of $85.83 and a two-hundred day simple moving average of $97.81.

Entegris (NASDAQ:ENTG - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share for the quarter, topping 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, equities analysts forecast that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Wednesday, April 30th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend is Wednesday, April 30th. Entegris's dividend payout ratio is currently 20.73%.

Insider Transactions at Entegris

In other news, SVP Olivier Blachier sold 984 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $108.00, for a total value of $106,272.00. Following the transaction, the senior vice president now directly owns 10,903 shares of the company's stock, valued at approximately $1,177,524. This trade represents a 8.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Clinton M. Haris sold 12,652 shares of the firm's stock in a transaction dated 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 in the company, valued at approximately $3,722,954.40. This represents a 26.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.67% of the company's stock.

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).