Ironvine Capital Partners LLC Takes $2.57 Million Position in Entegris, Inc. (NASDAQ:ENTG)

Ironvine Capital Partners LLC bought a new stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 25,975 shares of the semiconductor company's stock, valued at approximately $2,573,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD grew its stake in shares of Entegris by 33.8% in the fourth 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 in the last quarter. Hsbc Holdings PLC grew its position in shares of Entegris by 146.7% in the 4th quarter. Hsbc Holdings PLC now owns 91,985 shares of the semiconductor company's stock valued at $9,096,000 after acquiring an additional 54,703 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Entegris by 26.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 26,173 shares of the semiconductor company's stock worth $2,593,000 after purchasing an additional 5,398 shares during the last quarter. Transce3nd LLC bought a new stake in shares of Entegris in the 4th quarter valued at about $188,000. Finally, MML Investors Services LLC grew its holdings in Entegris by 0.6% during the fourth quarter. MML Investors Services LLC now owns 84,560 shares of the semiconductor company's stock worth $8,376,000 after purchasing an additional 496 shares during the period.

Insider Buying and Selling 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 transaction of $106,272.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Clinton M. Haris sold 12,652 shares of the company's stock in a transaction 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 sale, the senior vice president now directly owns 34,820 shares in the company, valued at $3,722,954.40. This trade represents a 26.65 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company's stock.

Entegris Price Performance

Shares of NASDAQ:ENTG traded down $3.06 during trading on Monday, hitting $77.67. 525,894 shares of the company were exchanged, compared to its average volume of 2,328,224. Entegris, Inc. has a 1-year low of $60.75 and a 1-year high of $147.57. The company has a market capitalization of $11.75 billion, a P/E ratio of 40.23, a price-to-earnings-growth ratio of 1.50 and a beta of 1.36. 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 business's 50 day moving average is $87.46 and its 200-day moving average is $98.28.

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

Entegris Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Wednesday, April 30th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.52%. The ex-dividend date is Wednesday, April 30th. Entegris's payout ratio is presently 20.73%.

Wall Street Analysts Forecast Growth

ENTG has been the topic of several research analyst reports. Mizuho dropped their price objective on Entegris from $125.00 to $120.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. KeyCorp dropped their price objective on shares of Entegris from $141.00 to $130.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Needham & Company LLC reaffirmed a "buy" rating and set a $120.00 target price on shares of Entegris in a report on Friday, February 7th. Finally, StockNews.com cut Entegris from a "hold" rating to a "sell" rating in a 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. According to data from MarketBeat, Entegris has a consensus rating of "Moderate Buy" and a consensus price target of $123.50.

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).