3,658 Shares in Entegris, Inc. (NASDAQ:ENTG) Purchased by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. purchased a new stake in shares of Entegris, Inc. (NASDAQ:ENTG) in the fourth quarter, Holdings Channel.com reports. The firm purchased 3,658 shares of the semiconductor company’s stock, valued at approximately $438,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ENTG. WCM Investment Management LLC boosted its position in shares of Entegris by 0.4% during the fourth quarter. WCM Investment Management LLC now owns 5,173,163 shares of the semiconductor company’s stock valued at $628,177,000 after buying an additional 22,249 shares during the last quarter. California Public Employees Retirement System grew its stake in shares of Entegris by 17.6% in the 4th quarter. California Public Employees Retirement System now owns 257,147 shares of the semiconductor company’s stock worth $30,811,000 after acquiring an additional 38,557 shares in the last quarter. QRG Capital Management Inc. purchased a new stake in shares of Entegris in the third quarter valued at about $663,000. Crestwood Advisors Group LLC bought a new position in shares of Entegris during the third quarter valued at about $3,087,000. Finally, Parkside Financial Bank & Trust boosted its holdings in Entegris by 20.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,357 shares of the semiconductor company’s stock worth $163,000 after purchasing an additional 229 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. UBS Group increased their price objective on shares of Entegris from $90.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Craig Hallum raised Entegris from a “hold” rating to a “buy” rating and set a $150.00 price target for the company in a research report on Thursday, February 15th. Wolfe Research assumed coverage on Entegris in a research report on Friday, March 1st. They issued an “outperform” rating and a $160.00 price objective on the stock. The Goldman Sachs Group raised their target price on Entegris from $104.00 to $147.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. Finally, Mizuho boosted their price target on shares of Entegris from $140.00 to $143.00 and gave the stock a “neutral” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $141.91.

Entegris Stock Performance

NASDAQ ENTG opened at $131.80 on Monday. The company’s 50 day moving average is $135.27 and its 200-day moving average is $119.44. The firm has a market cap of $19.87 billion, a P/E ratio of 63.37 and a beta of 1.31. Entegris, Inc. has a 12-month low of $72.96 and a 12-month high of $146.91. The company has a quick ratio of 2.67, a current ratio of 3.35 and a debt-to-equity ratio of 1.22.

Entegris (NASDAQ:ENTG) last posted its earnings results on Wednesday, May 1st. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.07. The firm had revenue of $771.03 million for the quarter, compared to the consensus estimate of $769.24 million. Entegris had a return on equity of 11.94% and a net margin of 9.31%. The business’s quarterly revenue was down 16.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.65 earnings per share. Sell-side analysts predict that Entegris, Inc. will post 3.27 earnings per share for the current year.

Entegris Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 1st will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date is Tuesday, April 30th. Entegris’s payout ratio is presently 19.23%.

Insider Activity

In related news, insider Daniel D. Woodland sold 9,000 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $139.50, for a total value of $1,255,500.00. Following the sale, the insider now owns 32,730 shares in the company, valued at $4,565,835. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CAO Michael Sauer sold 1,897 shares of Entegris stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $132.54, for a total transaction of $251,428.38. Following the completion of the sale, the chief accounting officer now directly owns 1,779 shares of the company’s stock, valued at approximately $235,788.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Daniel D. Woodland sold 9,000 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $139.50, for a total value of $1,255,500.00. Following the sale, the insider now owns 32,730 shares in the company, valued at approximately $4,565,835. The disclosure for this sale can be found here. Insiders have sold a total of 41,082 shares of company stock worth $5,606,849 over the last ninety days. Company insiders own 0.67% of the company’s stock.

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).