Entegris, Inc. (NASDAQ:ENTG) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC raised its position in shares of Entegris, Inc. (NASDAQ:ENTG – Get Rating) by 4.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,139 shares of the semiconductor company’s stock after buying an additional 501 shares during the quarter. Intech Investment Management LLC’s holdings in Entegris were worth $731,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Exchange Traded Concepts LLC acquired a new stake in shares of Entegris during the 4th quarter worth approximately $27,000. Ellevest Inc. raised its position in shares of Entegris by 264.8% during the 3rd quarter. Ellevest Inc. now owns 394 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 286 shares during the period. Neo Ivy Capital Management acquired a new stake in shares of Entegris during the 3rd quarter worth approximately $54,000. Edge Capital Group LLC raised its position in shares of Entegris by 19.9% during the 3rd quarter. Edge Capital Group LLC now owns 1,121 shares of the semiconductor company’s stock worth $93,000 after purchasing an additional 186 shares during the period. Finally, Edmond DE Rothschild Holding S.A. raised its position in shares of Entegris by 36.9% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 1,511 shares of the semiconductor company’s stock worth $99,000 after purchasing an additional 407 shares during the period. Institutional investors and hedge funds own 98.21% of the company’s stock.

Entegris Price Performance

ENTG opened at $96.78 on Monday. The stock has a fifty day moving average of $79.10 and a 200-day moving average of $77.14. The firm has a market capitalization of $14.49 billion, a P/E ratio of 4,839.00 and a beta of 1.27. Entegris, Inc. has a 12-month low of $61.75 and a 12-month high of $115.43. The company has a quick ratio of 2.08, a current ratio of 3.14 and a debt-to-equity ratio of 1.78.

Entegris Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 24th. Stockholders of record on Wednesday, May 3rd will be issued a $0.10 dividend. The ex-dividend date is Tuesday, May 2nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.41%. Entegris’s payout ratio is currently 2,000.00%.

Insider Activity

In other news, SVP James Anthony O’neill sold 4,845 shares of the stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $90.72, for a total value of $439,538.40. Following the completion of the sale, the senior vice president now owns 15,588 shares in the company, valued at $1,414,143.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Gregory B. Graves sold 8,073 shares of the stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $82.19, for a total transaction of $663,519.87. Following the completion of the sale, the chief financial officer now directly owns 19,703 shares in the company, valued at $1,619,389.57. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP James Anthony O’neill sold 4,845 shares of the stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $90.72, for a total value of $439,538.40. Following the sale, the senior vice president now owns 15,588 shares of the company’s stock, valued at $1,414,143.36. The disclosure for this sale can be found here. Corporate insiders own 0.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Citigroup lowered Entegris from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $92.00 to $86.00 in a report on Monday, April 3rd. Credit Suisse Group reaffirmed an “outperform” rating and set a $95.00 price target on shares of Entegris in a research note on Wednesday, February 15th. KeyCorp increased their price target on Entegris from $105.00 to $116.00 in a research note on Friday, May 12th. Loop Capital decreased their price target on Entegris from $143.00 to $123.00 in a research note on Monday, May 15th. Finally, StockNews.com raised Entegris to a “sell” rating in a research note on Monday, March 20th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $111.45.

Entegris Profile

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Entegris, Inc engages in the development, manufacture, and supply of specialty materials for the microelectronics industry. It operates through the following business segments: Specialty Chemicals and Engineered Materials (SCEM), Advanced Materials Handling (AMH), and Microcontamination Control (MC).