Fjarde AP Fonden Fourth Swedish National Pension Fund Boosts Position in Entegris, Inc. (NASDAQ:ENTG)

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 7.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,100 shares of the semiconductor company’s stock after buying an additional 2,000 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Entegris were worth $2,982,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Synovus Financial Corp grew its holdings in Entegris by 102.3% during the 3rd quarter. Synovus Financial Corp now owns 38,253 shares of the semiconductor company’s stock valued at $4,305,000 after buying an additional 19,340 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Entegris by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,065,812 shares of the semiconductor company’s stock worth $119,936,000 after purchasing an additional 14,650 shares in the last quarter. Argent Capital Management LLC grew its holdings in shares of Entegris by 9.9% during the fourth quarter. Argent Capital Management LLC now owns 31,066 shares of the semiconductor company’s stock worth $3,077,000 after purchasing an additional 2,793 shares in the last quarter. Swedbank AB grew its holdings in shares of Entegris by 47.7% during the fourth quarter. Swedbank AB now owns 1,550,942 shares of the semiconductor company’s stock worth $153,636,000 after purchasing an additional 500,581 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Entegris during the third quarter worth about $1,158,000.

Insider Buying and Selling at Entegris

In related news, SVP Clinton M. Haris sold 12,652 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $106.92, for a total value of $1,352,751.84. Following the completion of the sale, the senior vice president now owns 34,820 shares of the company’s stock, valued at $3,722,954.40. This trade represents a 26.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Olivier Blachier sold 984 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $108.00, for a total value of $106,272.00. Following the completion of the sale, the senior vice president now directly owns 10,903 shares of the company’s stock, valued at $1,177,524. The trade was a 8.28 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ENTG. Citigroup cut their price objective on Entegris from $130.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. BMO Capital Markets cut their price objective on Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. Craig Hallum cut their price objective on Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Mizuho cut their price objective on Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Finally, UBS Group dropped their target price on Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.78.

Entegris Stock Performance

Shares of ENTG stock opened at $103.52 on Thursday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.86 and a current ratio of 3.08. Entegris, Inc. has a fifty-two week low of $94.92 and a fifty-two week high of $147.57. The stock has a 50 day moving average price of $102.86 and a two-hundred day moving average price of $106.35. The company has a market capitalization of $15.64 billion, a P/E ratio of 53.64, a PEG ratio of 1.50 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.07. Entegris had a return on equity of 12.83% and a net margin of 9.03%. Analysts expect that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th were given a $0.10 dividend. The ex-dividend date was Wednesday, January 29th. This represents a $0.40 annualized dividend and a yield of 0.39%. Entegris’s payout ratio is currently 20.73%.

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).