Zurcher Kantonalbank Zurich Cantonalbank Has $10.74 Million Stock Position in Entegris, Inc. (NASDAQ:ENTG)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 38.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,653 shares of the semiconductor company's stock after buying an additional 24,887 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.06% of Entegris worth $10,742,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Main Street Research LLC purchased a new stake in shares of Entegris during the 4th quarter valued at $216,000. Strs Ohio increased its stake in Entegris by 8.6% during the fourth quarter. Strs Ohio now owns 88,956 shares of the semiconductor company's stock worth $10,658,000 after acquiring an additional 7,064 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its holdings in shares of Entegris by 0.7% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 71,800 shares of the semiconductor company's stock worth $8,603,000 after purchasing an additional 500 shares during the period. WCM Investment Management LLC raised its holdings in shares of Entegris by 0.4% in the 4th quarter. WCM Investment Management LLC now owns 5,173,163 shares of the semiconductor company's stock worth $628,177,000 after purchasing an additional 22,249 shares during the period. Finally, NewEdge Wealth LLC acquired a new position in shares of Entegris in the 4th quarter valued at about $502,000.

Entegris Stock Performance

Shares of NASDAQ:ENTG traded down $4.89 during trading on Friday, hitting $122.20. 1,687,491 shares of the company traded hands, compared to its average volume of 1,065,095. The stock has a market capitalization of $18.42 billion, a price-to-earnings ratio of 102.69 and a beta of 1.32. Entegris, Inc. has a one year low of $69.37 and a one year high of $146.91. The company has a quick ratio of 2.67, a current ratio of 3.85 and a debt-to-equity ratio of 1.35. The business's fifty day moving average is $136.04 and its 200-day moving average is $117.14.

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

Entegris Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 1st will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date is Tuesday, April 30th. Entegris's payout ratio is 33.61%.

Analyst Ratings Changes

Several research firms recently commented on ENTG. Needham & Company LLC restated a "buy" rating and issued a $150.00 price target on shares of Entegris in a report on Thursday, March 7th. UBS Group increased their price target on Entegris from $90.00 to $130.00 and gave the company a "neutral" rating in a report on Thursday, February 15th. Mizuho restated a "neutral" rating and set a $140.00 price objective on shares of Entegris in a research note on Tuesday, February 20th. StockNews.com lowered Entegris from a "hold" rating to a "sell" rating in a research note on Thursday, February 22nd. Finally, BMO Capital Markets raised their target price on Entegris from $130.00 to $160.00 and gave the company an "outperform" rating in a report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $141.64.

Insiders Place Their Bets

In related news, insider Daniel D. Woodland sold 9,000 shares of the firm's stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $139.50, for a total value of $1,255,500.00. Following the sale, the insider now directly owns 32,730 shares in the company, valued at approximately $4,565,835. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Entegris news, CAO Michael Sauer sold 1,897 shares of the business's stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $132.54, for a total transaction of $251,428.38. Following the sale, the chief accounting officer now directly owns 1,779 shares in the company, valued at approximately $235,788.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Daniel D. Woodland sold 9,000 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $139.50, for a total transaction of $1,255,500.00. Following the completion of the transaction, the insider now owns 32,730 shares of the company's stock, valued at $4,565,835. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,082 shares of company stock worth $5,606,849. 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).