Narwhal Capital Management Purchases 8,804 Shares of Entegris, Inc. (NASDAQ:ENTG)

Narwhal Capital Management increased its stake in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 15.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 66,307 shares of the semiconductor company's stock after buying an additional 8,804 shares during the period. Narwhal Capital Management's holdings in Entegris were worth $7,945,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. raised its stake in Entegris by 2.4% in the 1st quarter. BlackRock Inc. now owns 16,294,681 shares of the semiconductor company's stock worth $1,336,327,000 after purchasing an additional 386,767 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Entegris by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 14,452,886 shares of the semiconductor company's stock valued at $1,357,271,000 after buying an additional 107,989 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Entegris by 7.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,672,981 shares of the semiconductor company's stock valued at $700,041,000 after buying an additional 748,491 shares in the last quarter. Sands Capital Management LLC raised its position in shares of Entegris by 6.1% in the 2nd quarter. Sands Capital Management LLC now owns 9,329,123 shares of the semiconductor company's stock valued at $1,033,853,000 after buying an additional 536,532 shares in the last quarter. Finally, WCM Investment Management LLC raised its position in shares of Entegris by 1.0% in the 3rd quarter. WCM Investment Management LLC now owns 5,150,914 shares of the semiconductor company's stock valued at $483,722,000 after buying an additional 53,011 shares in the last quarter.

Insider Activity

In other news, SVP Michael Besnard sold 12,667 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $135.78, for a total value of $1,719,925.26. Following the completion of the sale, the senior vice president now owns 10,213 shares in the company, valued at $1,386,721.14. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, SVP Susan G. Rice sold 17,518 shares of the firm's stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $135.86, for a total transaction of $2,379,995.48. Following the completion of the sale, the senior vice president now owns 42,931 shares in the company, valued at $5,832,605.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Michael Besnard sold 12,667 shares of the firm's stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $135.78, for a total transaction of $1,719,925.26. Following the sale, the senior vice president now owns 10,213 shares of the company's stock, valued at approximately $1,386,721.14. The disclosure for this sale can be found here. Insiders sold a total of 41,082 shares of company stock worth $5,606,849 over the last quarter. Insiders own 0.67% of the company's stock.

Entegris Stock Up 2.6 %

NASDAQ ENTG traded up $3.57 on Friday, hitting $138.85. 935,332 shares of the company were exchanged, compared to its average volume of 1,279,662. The company has a market cap of $20.93 billion, a PE ratio of 116.68 and a beta of 1.32. Entegris, Inc. has a 12 month low of $69.37 and a 12 month high of $146.91. The stock has a fifty day moving average of $133.73 and a 200-day moving average of $114.25. The company has a current ratio of 3.85, a quick ratio of 2.67 and a debt-to-equity ratio of 1.35.

Entegris (NASDAQ:ENTG - Get Free Report) last released its quarterly earnings data on Tuesday, February 13th. The semiconductor company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.06. Entegris had a net margin of 5.13% and a return on equity of 12.00%. The firm had revenue of $812.30 million for the quarter, compared to the consensus estimate of $780.95 million. During the same quarter in the prior year, the company posted $0.83 earnings per share. The business's revenue was down 14.1% on a year-over-year basis. As a group, analysts forecast that Entegris, Inc. will post 3.31 earnings per share for the current year.

Entegris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 21st. Shareholders of record on Wednesday, January 31st were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $0.40 annualized dividend and a yield of 0.29%. Entegris's payout ratio is 33.61%.

Wall Street Analyst Weigh In

ENTG has been the subject of several analyst reports. KeyCorp boosted their target price on shares of Entegris from $136.00 to $164.00 and gave the company an "overweight" rating in a research report on Thursday, February 15th. Mizuho restated a "neutral" rating and issued a $140.00 target price on shares of Entegris in a research report on Tuesday, February 20th. StockNews.com cut shares of Entegris from a "hold" rating to a "sell" rating in a research report on Thursday, February 22nd. Citigroup upped their price objective on shares of Entegris from $117.00 to $134.00 and gave the stock a "neutral" rating in a research report on Friday, February 16th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $150.00 price objective on shares of Entegris in a research report on Thursday, March 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, Entegris has a consensus rating of "Moderate Buy" and an average price target of $141.64.

Entegris Company 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).