Stifel Financial Corp Has $10.12 Million Stake in Entegris, Inc. (NASDAQ:ENTG)

Stifel Financial Corp cut its position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 3.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 102,168 shares of the semiconductor company's stock after selling 3,286 shares during the quarter. Stifel Financial Corp owned 0.07% of Entegris worth $10,121,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Norges Bank acquired a new stake in shares of Entegris in the fourth quarter valued at approximately $445,988,000. Raymond James Financial Inc. acquired a new stake in shares of Entegris in the fourth quarter valued at approximately $91,869,000. Principal Financial Group Inc. increased its stake in shares of Entegris by 130.8% during the third quarter. Principal Financial Group Inc. now owns 1,379,963 shares of the semiconductor company's stock worth $155,287,000 after purchasing an additional 781,955 shares during the period. James Hambro & Partners LLP bought a new position in shares of Entegris during the fourth quarter worth approximately $72,845,000. Finally, Wealthfront Advisers LLC bought a new position in shares of Entegris during the fourth quarter worth approximately $68,661,000.

Entegris Price Performance

Shares of ENTG stock traded up $0.18 on Thursday, reaching $79.30. The company had a trading volume of 2,141,062 shares, compared to its average volume of 2,331,394. The stock has a market capitalization of $12.00 billion, a PE ratio of 41.09, a price-to-earnings-growth ratio of 1.50 and a beta of 1.36. The company has a quick ratio of 1.86, a current ratio of 3.08 and a debt-to-equity ratio of 1.08. Entegris, Inc. has a one year low of $60.75 and a one year high of $147.57. The business's 50-day moving average is $85.83 and its 200 day moving average is $97.81.

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

Entegris Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 21st. Investors of record on Wednesday, April 30th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.50%. Entegris's dividend payout ratio (DPR) is presently 20.73%.

Insider Activity at Entegris

In other Entegris news, SVP Olivier Blachier sold 984 shares of the firm's stock in a transaction that occurred 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 in the company, valued at approximately $1,177,524. This trade represents a 8.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Clinton M. Haris sold 12,652 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The stock was 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 position. The disclosure for this sale can be found here. 0.67% of the stock is owned by company insiders.

Analyst Ratings Changes

ENTG has been the topic of a number of recent research reports. KeyCorp lowered their price objective on Entegris from $141.00 to $130.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. UBS Group lowered their price objective on Entegris from $115.00 to $90.00 and set a "neutral" rating on the stock in a research note on Tuesday. StockNews.com lowered Entegris from a "hold" rating to a "sell" rating in a research note on Saturday, April 19th. Mizuho lowered their price objective on Entegris from $125.00 to $120.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. Finally, Needham & Company LLC reissued a "buy" rating and set a $120.00 price target on shares of Entegris in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $120.38.

About Entegris

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).