Entegris, Inc. (NASDAQ:ENTG) Position Lifted by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD boosted its position in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 33.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,194,612 shares of the semiconductor company's stock after purchasing an additional 2,826,463 shares during the period. Price T Rowe Associates Inc. MD owned about 7.41% of Entegris worth $1,108,940,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in ENTG. Hsbc Holdings PLC increased its holdings in Entegris by 146.7% in the fourth quarter. Hsbc Holdings PLC now owns 91,985 shares of the semiconductor company's stock valued at $9,096,000 after buying an additional 54,703 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Entegris by 26.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 26,173 shares of the semiconductor company's stock valued at $2,593,000 after purchasing an additional 5,398 shares in the last quarter. Transce3nd LLC acquired a new position in Entegris during the fourth quarter worth $188,000. MML Investors Services LLC boosted its position in Entegris by 0.6% during the fourth quarter. MML Investors Services LLC now owns 84,560 shares of the semiconductor company's stock worth $8,376,000 after purchasing an additional 496 shares in the last quarter. Finally, Mesirow Institutional Investment Management Inc. grew its holdings in Entegris by 36.0% in the fourth quarter. Mesirow Institutional Investment Management Inc. now owns 33,488 shares of the semiconductor company's stock valued at $3,317,000 after purchasing an additional 8,870 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research firms recently commented on ENTG. StockNews.com lowered shares of Entegris from a "hold" rating to a "sell" rating in a research report on Saturday, April 19th. Needham & Company LLC reiterated a "buy" rating and issued a $120.00 price target on shares of Entegris in a research report on Friday, February 7th. UBS Group cut their price objective on Entegris from $115.00 to $90.00 and set a "neutral" rating for the company in a research report on Tuesday. Mizuho lowered their target price on Entegris from $125.00 to $120.00 and set an "outperform" rating on the stock in a report on Tuesday, January 7th. Finally, KeyCorp cut their price target on Entegris from $141.00 to $130.00 and set an "overweight" rating for the company in a report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $120.38.

Insider Activity at Entegris

In other news, SVP Clinton M. Haris sold 12,652 shares of Entegris stock in a transaction that occurred 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 sale, the senior vice president now owns 34,820 shares in the company, valued at $3,722,954.40. This trade represents a 26.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Olivier Blachier sold 984 shares of the company's 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 transaction, the senior vice president now owns 10,903 shares of the company's stock, valued at $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. Company insiders own 0.67% of the company's stock.

Entegris Trading Down 0.2 %

Shares of ENTG traded down $0.15 during trading hours on Tuesday, hitting $79.70. The stock had a trading volume of 248,491 shares, compared to its average volume of 3,262,543. Entegris, Inc. has a 12-month low of $60.75 and a 12-month high of $147.57. The firm has a market cap of $12.06 billion, a P/E ratio of 41.24, a P/E/G ratio of 1.50 and a beta of 1.36. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.86 and a current ratio of 3.08. The company's fifty day simple moving average is $86.90 and its 200 day simple moving average is $98.08.

Entegris (NASDAQ:ENTG - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.84 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.07. Entegris had a return on equity of 12.83% and a net margin of 9.03%. Equities research analysts forecast that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Wednesday, April 30th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.50%. The ex-dividend date is Wednesday, April 30th. Entegris's payout ratio is 20.73%.

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).