Symmetry Partners LLC Invests $246,000 in Entegris, Inc. (NASDAQ:ENTG)

Symmetry Partners LLC acquired a new stake in shares of Entegris, Inc. (NASDAQ:ENTGFree Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,750 shares of the semiconductor company’s stock, valued at approximately $246,000.

A number of other large investors have also recently made changes to their positions in ENTG. Norges Bank purchased a new stake in shares of Entegris during the fourth quarter valued at $278,727,000. Gates Capital Management Inc. grew its holdings in shares of Entegris by 9,839.3% during the third quarter. Gates Capital Management Inc. now owns 701,613 shares of the semiconductor company’s stock valued at $65,888,000 after buying an additional 694,554 shares during the last quarter. Jackson Square Partners LLC purchased a new stake in shares of Entegris during the fourth quarter valued at $82,813,000. Envestnet Asset Management Inc. grew its holdings in shares of Entegris by 48.1% during the third quarter. Envestnet Asset Management Inc. now owns 988,601 shares of the semiconductor company’s stock valued at $92,840,000 after buying an additional 321,146 shares during the last quarter. Finally, Clearbridge Investments LLC grew its holdings in shares of Entegris by 809.7% during the fourth quarter. Clearbridge Investments LLC now owns 226,368 shares of the semiconductor company’s stock valued at $27,123,000 after buying an additional 201,484 shares during the last quarter.

Insider Buying and Selling

In other Entegris news, SVP Clinton M. Haris sold 5,005 shares of the stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $124.74, for a total value of $624,323.70. Following the completion of the sale, the senior vice president now owns 34,600 shares in the company, valued at approximately $4,316,004. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Entegris news, SVP Olivier Blachier sold 1,986 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $133.84, for a total value of $265,806.24. Following the completion of the sale, the senior vice president now owns 12,356 shares in the company, valued at approximately $1,653,727.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Clinton M. Haris sold 5,005 shares of the stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $124.74, for a total transaction of $624,323.70. Following the completion of the sale, the senior vice president now directly owns 34,600 shares of the company’s stock, valued at approximately $4,316,004. The disclosure for this sale can be found here. Insiders sold a total of 13,752 shares of company stock worth $1,792,723 in the last 90 days. Insiders own 0.67% of the company’s stock.

Entegris Price Performance

Shares of ENTG stock traded up $2.12 during mid-day trading on Tuesday, hitting $137.73. 1,339,242 shares of the stock were exchanged, compared to its average volume of 1,368,322. The firm has a fifty day moving average of $130.94 and a 200 day moving average of $127.37. The company has a quick ratio of 2.02, a current ratio of 3.35 and a debt-to-equity ratio of 1.22. Entegris, Inc. has a 52-week low of $84.13 and a 52-week high of $146.91. The company has a market cap of $20.77 billion, a PE ratio of 66.91 and a beta of 1.24.

Entegris (NASDAQ:ENTGGet Free Report) last released its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.07. Entegris had a net margin of 9.31% and a return on equity of 11.94%. The firm had revenue of $771.03 million during the quarter, compared to the consensus estimate of $769.24 million. During the same quarter in the prior year, the firm earned $0.65 EPS. The company’s revenue for the quarter was down 16.4% on a year-over-year basis. Research analysts anticipate that Entegris, Inc. will post 3.25 earnings per share for the current year.

Entegris Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Wednesday, May 1st were given a dividend of $0.10 per share. The ex-dividend date was Tuesday, April 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.29%. Entegris’s dividend payout ratio (DPR) is presently 19.23%.

Analyst Ratings Changes

Several equities research analysts have commented on ENTG shares. Mizuho upped their price target on shares of Entegris from $140.00 to $143.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Wolfe Research started coverage on shares of Entegris in a report on Friday, March 1st. They issued an “outperform” rating and a $160.00 price target on the stock. StockNews.com lowered shares of Entegris from a “hold” rating to a “sell” rating in a report on Thursday, February 22nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $150.00 price target on shares of Entegris in a report on Monday, May 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.67.

View Our Latest Stock Analysis on ENTG

About Entegris

(Free Report)

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).

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Institutional Ownership by Quarter for Entegris (NASDAQ:ENTG)

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