Northern Trust Corp Has $120.16 Million Stake in Entegris, Inc. (NASDAQ:ENTG)

Northern Trust Corp increased its stake in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 17.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,213,028 shares of the semiconductor company's stock after buying an additional 177,250 shares during the quarter. Northern Trust Corp owned about 0.80% of Entegris worth $120,163,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in ENTG. Quarry LP acquired a new position in Entegris during the 4th quarter worth $28,000. Fortitude Family Office LLC lifted its holdings in Entegris by 195.7% in the fourth quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company's stock worth $41,000 after purchasing an additional 274 shares during the period. Proficio Capital Partners LLC acquired a new position in Entegris during the 4th quarter valued at about $42,000. Eagle Bay Advisors LLC raised its position in shares of Entegris by 4,375.0% during the 4th quarter. Eagle Bay Advisors LLC now owns 716 shares of the semiconductor company's stock worth $71,000 after buying an additional 700 shares in the last quarter. Finally, Promus Capital LLC acquired a new stake in shares of Entegris in the 4th quarter worth approximately $71,000.

Entegris Stock Down 2.2 %

ENTG stock traded down $1.66 during mid-day trading on Friday, hitting $75.42. The stock had a trading volume of 1,505,214 shares, compared to its average volume of 2,400,330. Entegris, Inc. has a 1-year low of $60.75 and a 1-year high of $147.57. The company has a fifty day moving average of $83.48 and a 200 day moving average of $96.83. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $11.41 billion, a price-to-earnings ratio of 39.08, a PEG ratio of 1.50 and a beta of 1.33.

Entegris (NASDAQ:ENTG - Get Free Report) last posted its earnings results on Wednesday, May 7th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.69 by ($0.02). The business had revenue of $773.20 million during the quarter, compared to analyst estimates of $790.75 million. Entegris had a net margin of 9.03% and a return on equity of 12.83%. Entegris's revenue was up .3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.68 earnings per share. On average, equities analysts expect that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 21st. Investors of record on Wednesday, April 30th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date is Wednesday, April 30th. Entegris's payout ratio is 20.73%.

Insider Buying and Selling

In related news, SVP Clinton M. Haris sold 12,652 shares of the business'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 transaction, the senior vice president now owns 34,820 shares of the company's stock, valued at approximately $3,722,954.40. The trade was a 26.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Olivier Blachier sold 984 shares of the 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 sale, the senior vice president now directly owns 10,903 shares of the company's stock, valued at approximately $1,177,524. This trade represents a 8.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on ENTG shares. KeyCorp lowered their price objective on shares of Entegris from $130.00 to $117.00 and set an "overweight" rating on the stock in a research note on Thursday. StockNews.com downgraded Entegris from a "hold" rating to a "sell" rating in a research note on Saturday, April 19th. Citigroup decreased their target price on Entegris from $125.00 to $102.00 and set a "buy" rating for the company in a research note on Thursday. UBS Group cut their price target on shares of Entegris from $90.00 to $85.00 and set a "neutral" rating for the company in a report on Thursday. Finally, Needham & Company LLC lowered their price objective on shares of Entegris from $120.00 to $100.00 and set a "buy" rating on the stock in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $113.00.

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).