DekaBank Deutsche Girozentrale Boosts Holdings in Entegris, Inc. (NASDAQ:ENTG)

DekaBank Deutsche Girozentrale boosted its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 43.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 522,765 shares of the semiconductor company’s stock after acquiring an additional 159,368 shares during the period. DekaBank Deutsche Girozentrale owned 0.35% of Entegris worth $62,832,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Legacy Financial Group LLC purchased a new position in Entegris during the 3rd quarter valued at about $30,000. Quent Capital LLC increased its stake in Entegris by 59.1% during the 4th quarter. Quent Capital LLC now owns 366 shares of the semiconductor company’s stock valued at $44,000 after purchasing an additional 136 shares in the last quarter. KB Financial Partners LLC bought a new stake in Entegris during the 1st quarter valued at about $34,000. Belpointe Asset Management LLC increased its stake in Entegris by 51.1% during the 1st quarter. Belpointe Asset Management LLC now owns 485 shares of the semiconductor company’s stock valued at $40,000 after purchasing an additional 164 shares in the last quarter. Finally, Stonebridge Capital Advisors LLC grew its stake in shares of Entegris by 3,909.1% in the first quarter. Stonebridge Capital Advisors LLC now owns 882 shares of the semiconductor company’s stock worth $116,000 after acquiring an additional 860 shares during the period.

Insider Buying and Selling at Entegris

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

Wall Street Analysts Forecast Growth

ENTG has been the subject of a number of research analyst reports. Wolfe Research initiated coverage on shares of Entegris in a research note on Friday, March 1st. They issued an “outperform” rating and a $160.00 price target for the company. The Goldman Sachs Group lifted their price target on shares of Entegris from $104.00 to $147.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. KeyCorp lifted their price target on shares of Entegris from $136.00 to $164.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. Needham & Company LLC reiterated a “buy” rating and issued a $150.00 price target on shares of Entegris in a research note on Thursday, March 7th. Finally, Mizuho reiterated a “neutral” rating and issued a $140.00 price target on shares of Entegris in a research note on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Entegris presently has a consensus rating of “Moderate Buy” and a consensus price target of $141.64.

Entegris Price Performance

NASDAQ:ENTG traded up $3.57 during trading hours on Friday, hitting $138.85. 935,332 shares of the stock traded hands, compared to its average volume of 1,279,662. 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 1 year low of $69.37 and a 1 year high of $146.91. The company has a market cap of $20.93 billion, a price-to-earnings ratio of 116.68 and a beta of 1.32. The stock has a 50 day moving average price of $133.73 and a 200 day moving average price of $114.25.

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

Entegris Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 21st. Shareholders of record on Wednesday, January 31st were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.29%. The ex-dividend date was Tuesday, January 30th. Entegris’s dividend payout ratio is currently 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).