Hilton Capital Management LLC Increases Stake in Entegris, Inc. (NASDAQ:ENTG)

Hilton Capital Management LLC boosted its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 4.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,399 shares of the semiconductor company’s stock after purchasing an additional 802 shares during the period. Hilton Capital Management LLC’s holdings in Entegris were worth $1,823,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Torray Investment Partners LLC raised its holdings in shares of Entegris by 0.9% in the fourth quarter. Torray Investment Partners LLC now owns 15,266 shares of the semiconductor company’s stock worth $1,512,000 after buying an additional 129 shares during the period. Huntington National Bank increased its stake in Entegris by 41.0% in the 3rd quarter. Huntington National Bank now owns 454 shares of the semiconductor company’s stock worth $51,000 after buying an additional 132 shares during the period. Metis Global Partners LLC lifted its holdings in Entegris by 7.1% during the 4th quarter. Metis Global Partners LLC now owns 2,049 shares of the semiconductor company’s stock valued at $203,000 after buying an additional 135 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of Entegris by 6.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 2,482 shares of the semiconductor company’s stock valued at $246,000 after purchasing an additional 147 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in shares of Entegris by 27.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 731 shares of the semiconductor company’s stock worth $73,000 after buying an additional 158 shares in the last quarter.

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 shares were sold at an average price of $106.92, for a total transaction of $1,352,751.84. Following the sale, the senior vice president now owns 34,820 shares in the company, valued at approximately $3,722,954.40. This trade represents a 26.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Olivier Blachier sold 984 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $108.00, for a total transaction of $106,272.00. Following the completion of the transaction, the senior vice president now owns 10,903 shares of the company’s stock, valued at approximately $1,177,524. This trade represents a 8.28 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by corporate insiders.

Entegris Stock Performance

Shares of ENTG stock opened at $94.42 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.08 and a quick ratio of 1.86. The business has a fifty day moving average of $102.44 and a 200 day moving average of $105.43. The firm has a market capitalization of $14.27 billion, a price-to-earnings ratio of 48.92, a price-to-earnings-growth ratio of 1.50 and a beta of 1.32. Entegris, Inc. has a 1 year low of $92.84 and a 1 year high of $147.57.

Entegris (NASDAQ:ENTG) last released its earnings results on Thursday, February 6th. The semiconductor company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.07. Entegris had a return on equity of 12.83% and a net margin of 9.03%. As a group, research analysts expect that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.42%. The ex-dividend date was Wednesday, January 29th. Entegris’s dividend payout ratio (DPR) is 20.73%.

Analyst Upgrades and Downgrades

ENTG has been the topic of several research reports. Needham & Company LLC reissued a “buy” rating and set a $120.00 price objective on shares of Entegris in a report on Friday, February 7th. KeyCorp reduced their price target on Entegris from $150.00 to $141.00 and set an “overweight” rating for the company in a research report on Friday, February 7th. Mizuho decreased their price target on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Finally, StockNews.com upgraded shares of Entegris from a “sell” rating to a “hold” rating in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $124.88.

About Entegris

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).