Entegris, Inc. (NASDAQ:ENTG) Position Boosted by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 81.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 335,375 shares of the semiconductor company's stock after acquiring an additional 150,157 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.22% of Entegris worth $40,185,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of ENTG. Legacy Financial Group LLC acquired a new position in Entegris during the 3rd quarter worth approximately $30,000. Quent Capital LLC raised its position in Entegris by 59.1% in the 4th quarter. Quent Capital LLC now owns 366 shares of the semiconductor company's stock valued at $44,000 after purchasing an additional 136 shares during the last quarter. Arlington Trust Co LLC acquired a new stake in Entegris during the 4th quarter worth $46,000. KB Financial Partners LLC acquired a new position in Entegris in the first quarter valued at $34,000. Finally, Belpointe Asset Management LLC boosted its stake in shares of Entegris by 51.1% during the first quarter. Belpointe Asset Management LLC now owns 485 shares of the semiconductor company's stock worth $40,000 after buying an additional 164 shares during the period.

Entegris Price Performance

Shares of NASDAQ:ENTG traded down $6.22 during midday trading on Friday, hitting $132.87. 1,242,274 shares of the stock were exchanged, compared to its average volume of 1,380,473. The stock has a market cap of $20.03 billion, a P/E ratio of 116.88 and a beta of 1.32. Entegris, Inc. has a twelve month low of $69.37 and a twelve month high of $146.91. The company has a 50 day moving average price of $135.14 and a 200-day moving average price of $115.39. 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 announced its quarterly earnings results on Tuesday, February 13th. The semiconductor company reported $0.65 earnings per share (EPS) for the quarter, beating 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 company 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 firm earned $0.83 earnings per share. The company's revenue for the quarter was down 14.1% compared to the same quarter last year. On average, research analysts forecast that Entegris, Inc. will post 3.31 earnings per share for the current year.

Entegris Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 21st. Stockholders of record on Wednesday, January 31st were given a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.30%. Entegris's dividend payout ratio is currently 33.61%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on ENTG shares. BMO Capital Markets lifted their target price on Entegris from $130.00 to $160.00 and gave the company an "outperform" rating in a research note on Friday, February 16th. Mizuho restated a "neutral" rating and set a $140.00 price objective on shares of Entegris in a research report on Tuesday, February 20th. The Goldman Sachs Group lifted their target price on shares of Entegris from $104.00 to $147.00 and gave the company a "buy" rating in a report on Thursday, February 15th. UBS Group increased their price target on shares of Entegris from $90.00 to $130.00 and gave the stock a "neutral" rating in a report on Thursday, February 15th. Finally, Craig Hallum raised Entegris from a "hold" rating to a "buy" rating and set a $150.00 price objective on the stock in a report on Thursday, February 15th. One equities research 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 data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $141.64.

Insider Activity at Entegris

In other news, SVP Susan G. Rice sold 17,518 shares of Entegris 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 directly owns 42,931 shares in the company, valued at $5,832,605.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Entegris news, CAO Michael Sauer sold 1,897 shares of Entegris stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $132.54, for a total value of $251,428.38. Following the completion of the sale, the chief accounting officer now owns 1,779 shares in the company, valued at approximately $235,788.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Susan G. Rice sold 17,518 shares of the 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 transaction, 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 have sold a total of 41,082 shares of company stock valued at $5,606,849 over the last quarter. Insiders own 0.67% of the company's stock.

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).