Legal & General Group Plc boosted its position in shares of Entegris, Inc. (NASDAQ:ENTG – Free Report) by 2.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 494,491 shares of the semiconductor company’s stock after acquiring an additional 12,348 shares during the quarter. Legal & General Group Plc’s holdings in Entegris were worth $41,661,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Ameriflex Group Inc. purchased a new position in shares of Entegris during the 3rd quarter valued at about $25,000. Steph & Co. purchased a new position in shares of Entegris during the 4th quarter valued at about $25,000. SBI Securities Co. Ltd. raised its stake in shares of Entegris by 260.8% during the 3rd quarter. SBI Securities Co. Ltd. now owns 285 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 206 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Entegris during the 4th quarter valued at about $29,000. Finally, Sound Income Strategies LLC raised its stake in shares of Entegris by 407.0% during the 4th quarter. Sound Income Strategies LLC now owns 507 shares of the semiconductor company’s stock valued at $43,000 after buying an additional 407 shares during the last quarter.
Entegris Price Performance
Shares of Entegris stock opened at $138.79 on Friday. The company has a quick ratio of 2.05, a current ratio of 3.21 and a debt-to-equity ratio of 0.91. Entegris, Inc. has a twelve month low of $66.32 and a twelve month high of $159.15. The business has a 50-day moving average price of $134.37 and a 200 day moving average price of $114.47. The firm has a market cap of $21.17 billion, a PE ratio of 80.23, a P/E/G ratio of 1.73 and a beta of 1.39.
Entegris Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Wednesday, April 29th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Wednesday, April 29th. Entegris’s payout ratio is currently 23.12%.
Insider Transactions at Entegris
In related news, SVP Joseph Colella sold 6,326 shares of Entegris stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $140.17, for a total value of $886,715.42. Following the completion of the transaction, the senior vice president owned 50,121 shares in the company, valued at $7,025,460.57. The trade was a 11.21% decrease in their position. 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 19,893 shares of Entegris stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $132.84, for a total value of $2,642,586.12. Following the completion of the sale, the senior vice president owned 69,038 shares in the company, valued at approximately $9,171,007.92. The trade was a 22.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 104,298 shares of company stock worth $14,703,157 over the last quarter. Company insiders own 0.53% of the company’s stock.
Analysts Set New Price Targets
ENTG has been the subject of a number of recent research reports. Weiss Ratings upgraded Entegris from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Zacks Research lowered Entegris from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 23rd. Mizuho lifted their price objective on Entegris from $175.00 to $180.00 and gave the company an “outperform” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft lowered Entegris from a “buy” rating to a “hold” rating and set a $105.00 price objective for the company. in a research note on Tuesday, February 3rd. Finally, Wall Street Zen lowered Entegris from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Seven research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Entegris presently has an average rating of “Moderate Buy” and a consensus target price of $154.33.
Check Out Our Latest Report on ENTG
Entegris Profile
Entegris, Inc is a leading provider of advanced materials and process control solutions for the semiconductor and other high-technology industries. The company develops and supplies a broad portfolio of products designed to ensure purity and reliability throughout the manufacturing process, helping customers address critical contamination and yield challenges.
Entegris’s product offerings include high-purity chemicals and specialty materials, liquid and gas filtration and purification systems, and sophisticated wafer and chip handling solutions.
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