Kornitzer Capital Management Inc. KS Raises Stock Holdings in Entegris, Inc. (NASDAQ:ENTG)

Kornitzer Capital Management Inc. KS raised its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 182.5% during the 4th quarter, Holdings Channel reports. The fund owned 6,370 shares of the semiconductor company’s stock after purchasing an additional 4,115 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Entegris were worth $763,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of ENTG. Norges Bank purchased a new stake in shares of Entegris during the 4th quarter worth approximately $201,492,000. Ameriprise Financial Inc. raised its holdings in shares of Entegris by 3,490.1% during the 1st quarter. Ameriprise Financial Inc. now owns 1,036,093 shares of the semiconductor company’s stock worth $84,970,000 after acquiring an additional 1,007,233 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Entegris by 7.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,672,981 shares of the semiconductor company’s stock worth $700,041,000 after acquiring an additional 748,491 shares in the last quarter. Gates Capital Management Inc. raised its holdings in shares of Entegris by 9,839.3% during the 3rd quarter. Gates Capital Management Inc. now owns 701,613 shares of the semiconductor company’s stock worth $65,888,000 after acquiring an additional 694,554 shares in the last quarter. Finally, Eagle Asset Management Inc. raised its holdings in shares of Entegris by 79.7% during the 4th quarter. Eagle Asset Management Inc. now owns 1,371,682 shares of the semiconductor company’s stock worth $87,965,000 after acquiring an additional 608,406 shares in the last quarter.

Insider Transactions at Entegris

In other news, CAO Michael Sauer sold 1,897 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $132.54, for a total transaction of $251,428.38. Following the transaction, the chief accounting officer now owns 1,779 shares of the company’s stock, valued at approximately $235,788.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, SVP Susan G. Rice sold 17,518 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $135.86, for a total transaction of $2,379,995.48. Following the sale, the senior vice president now owns 42,931 shares of the company’s stock, valued at $5,832,605.66. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Michael Sauer sold 1,897 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $132.54, for a total value 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,082 shares of company stock valued at $5,606,849. 0.67% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on ENTG shares. Wolfe Research started coverage on Entegris in a report on Friday, March 1st. They set an “outperform” rating and a $160.00 price target on the stock. 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 target on shares of Entegris in a report on Tuesday, February 20th. Craig Hallum upgraded Entegris from a “hold” rating to a “buy” rating and set a $150.00 price target on the stock in a report on Thursday, February 15th. Finally, Needham & Company LLC restated a “buy” rating and set a $150.00 price target on shares of Entegris in a report on Thursday, March 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $141.64.

Entegris Stock Performance

Shares of Entegris stock opened at $122.20 on Monday. The stock’s fifty day moving average is $136.04 and its two-hundred day moving average is $117.30. The company has a market capitalization of $18.42 billion, a PE ratio of 102.69 and a beta of 1.32. The company has a quick ratio of 2.67, a current ratio of 3.85 and a debt-to-equity ratio of 1.35. Entegris, Inc. has a 52 week low of $69.37 and a 52 week high of $146.91.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings data on Tuesday, February 13th. The semiconductor company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.59 by $0.06. Entegris had a return on equity of 12.00% and a net margin of 5.13%. The company had revenue of $812.30 million for the quarter, compared to the consensus estimate of $780.95 million. During the same quarter in the prior year, the company posted $0.83 EPS. Entegris’s quarterly revenue was down 14.1% on a year-over-year basis. As a group, analysts expect that Entegris, Inc. will post 3.31 earnings per share for the current year.

Entegris Announces Dividend

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

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).