Eurizon Capital SGR S.p.A. acquired a new stake in shares of Entegris, Inc. (NASDAQ:ENTG – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 9,734 shares of the semiconductor company’s stock, valued at approximately $823,000.
Other large investors also recently made changes to their positions in the company. Truist Financial Corp boosted its position in shares of Entegris by 21.3% during the 3rd quarter. Truist Financial Corp now owns 63,312 shares of the semiconductor company’s stock valued at $5,854,000 after purchasing an additional 11,119 shares in the last quarter. Freedom Financial Partners LLC boosted its holdings in shares of Entegris by 105.8% in the fourth quarter. Freedom Financial Partners LLC now owns 34,051 shares of the semiconductor company’s stock worth $2,869,000 after buying an additional 17,509 shares during the period. Dream Peak Capital Ltd acquired a new position in shares of Entegris in the fourth quarter worth about $27,025,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Entegris by 13.2% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 145,771 shares of the semiconductor company’s stock worth $13,478,000 after buying an additional 17,043 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Entegris by 13.1% in the third quarter. Envestnet Asset Management Inc. now owns 942,533 shares of the semiconductor company’s stock worth $87,147,000 after buying an additional 108,927 shares during the period.
Entegris Price Performance
NASDAQ ENTG opened at $140.33 on Thursday. The company has a 50 day simple moving average of $135.84 and a 200-day simple moving average of $115.87. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.21 and a quick ratio of 2.05. The firm has a market capitalization of $21.40 billion, a price-to-earnings ratio of 81.12, a price-to-earnings-growth ratio of 1.78 and a beta of 1.37. Entegris, Inc. has a 52-week low of $67.97 and a 52-week high of $159.15.
Entegris Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Wednesday, April 29th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Wednesday, April 29th. Entegris’s dividend payout ratio is 23.12%.
Analyst Ratings Changes
Several research analysts have commented on ENTG shares. Wall Street Zen cut shares of Entegris from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 30th. Weiss Ratings upgraded shares of Entegris from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Oppenheimer reiterated an “outperform” rating and issued a $160.00 target price on shares of Entegris in a report on Friday, May 1st. UBS Group raised their target price on shares of Entegris from $185.00 to $205.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Finally, KeyCorp raised their target price on shares of Entegris from $111.00 to $156.00 and gave the stock an “overweight” rating in a report on Wednesday, February 11th. Seven research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $154.33.
Read Our Latest Stock Analysis on ENTG
Insiders Place Their Bets
In other news, SVP Susan G. Rice sold 19,893 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were 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 directly owned 69,038 shares of the company’s stock, valued at $9,171,007.92. This represents a 22.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Joseph Colella sold 6,326 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $140.17, for a total transaction of $886,715.42. Following the completion of the sale, the senior vice president directly owned 50,121 shares of the company’s stock, valued at $7,025,460.57. This trade represents a 11.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 104,298 shares of company stock valued at $14,703,157 over the last ninety days. Insiders own 0.53% of the company’s stock.
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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