Entegris, Inc. (NASDAQ:ENTG) Position Raised by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lifted its position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 43.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 522,765 shares of the semiconductor company's stock after buying an additional 159,368 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.35% of Entegris worth $62,832,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of ENTG. Legacy Financial Group LLC bought a new stake in Entegris during the 3rd quarter valued at $30,000. KB Financial Partners LLC bought a new stake in Entegris during the first quarter valued at about $34,000. Belpointe Asset Management LLC grew its stake in Entegris by 51.1% in the first quarter. Belpointe Asset Management LLC now owns 485 shares of the semiconductor company's stock valued at $40,000 after purchasing an additional 164 shares during the last quarter. Quent Capital LLC raised its holdings in Entegris by 59.1% in the fourth quarter. Quent Capital LLC now owns 366 shares of the semiconductor company's stock worth $44,000 after purchasing an additional 136 shares in the last quarter. Finally, Stonebridge Capital Advisors LLC lifted its position in shares of Entegris by 3,909.1% during the first quarter. Stonebridge Capital Advisors LLC now owns 882 shares of the semiconductor company's stock valued at $116,000 after buying an additional 860 shares during the last quarter.

Entegris Stock Performance

Entegris stock traded up $3.57 during midday trading on Friday, hitting $138.85. 935,332 shares of the company's stock were exchanged, compared to its average volume of 1,279,662. The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.67 and a current ratio of 3.85. The stock has a market cap of $20.93 billion, a price-to-earnings 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 firm's 50 day simple moving average is $133.73 and its 200 day simple moving average is $114.41.

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

Entegris Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. KeyCorp boosted their price objective on shares of Entegris from $136.00 to $164.00 and gave the stock an "overweight" rating in a research note on Thursday, February 15th. Mizuho reissued a "neutral" rating and issued a $140.00 price objective on shares of Entegris in a research report on Tuesday, February 20th. StockNews.com lowered Entegris from a "hold" rating to a "sell" rating in a research report on Thursday, February 22nd. Citigroup increased their price target on Entegris from $117.00 to $134.00 and gave the company a "neutral" rating in a research note on Friday, February 16th. Finally, The Goldman Sachs Group boosted their price target on Entegris from $104.00 to $147.00 and gave the stock a "buy" rating in a research note on Thursday, February 15th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $141.64.

Insider Activity

In other Entegris news, SVP Susan G. Rice sold 17,518 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $135.86, for a total value of $2,379,995.48. Following the completion of the transaction, the senior vice president now owns 42,931 shares in the company, valued at $5,832,605.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Michael Besnard sold 12,667 shares of the firm's stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $135.78, for a total value of $1,719,925.26. Following the completion of the transaction, the senior vice president now owns 10,213 shares in the company, valued at $1,386,721.14. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Susan G. Rice sold 17,518 shares of the business's stock in a transaction dated Friday, February 16th. The stock was 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 disclosure for this sale can be found here. Insiders sold 41,082 shares of company stock valued at $5,606,849 in the last three months. 0.67% of the stock is currently owned by company insiders.

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).