CIBC Asset Management Inc Acquires 748 Shares of Entegris, Inc. (NASDAQ:ENTG)

CIBC Asset Management Inc increased its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 13.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,125 shares of the semiconductor company’s stock after acquiring an additional 748 shares during the period. CIBC Asset Management Inc’s holdings in Entegris were worth $607,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of ENTG. Mountaineer Partners Management LLC raised its holdings in Entegris by 16,255.1% in the third quarter. Mountaineer Partners Management LLC now owns 11,044,594 shares of the semiconductor company’s stock worth $1,242,848,000 after buying an additional 10,977,064 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Entegris by 130.8% in the third quarter. Principal Financial Group Inc. now owns 1,379,963 shares of the semiconductor company’s stock worth $155,287,000 after buying an additional 781,955 shares during the last quarter. Swedbank AB raised its holdings in Entegris by 249.7% in the third quarter. Swedbank AB now owns 1,050,361 shares of the semiconductor company’s stock worth $118,197,000 after buying an additional 750,000 shares during the last quarter. James Hambro & Partners LLP purchased a new position in Entegris in the fourth quarter worth about $72,845,000. Finally, D1 Capital Partners L.P. purchased a new position in Entegris in the third quarter worth about $72,143,000.

Wall Street Analysts Forecast Growth

ENTG has been the subject of several recent analyst reports. Citigroup decreased their target price on shares of Entegris from $130.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. StockNews.com raised shares of Entegris from a “sell” rating to a “hold” rating in a report on Wednesday. Mizuho decreased their price objective on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Craig Hallum decreased their price objective on shares of Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Finally, UBS Group decreased their price objective on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Entegris currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.78.

Insiders Place Their Bets

In other Entegris news, SVP Clinton M. Haris sold 12,652 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $106.92, for a total value of $1,352,751.84. Following the completion of the transaction, the senior vice president now directly owns 34,820 shares in the company, valued at $3,722,954.40. This represents a 26.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.67% of the company’s stock.

Entegris Stock Performance

Shares of NASDAQ ENTG opened at $104.09 on Friday. The firm has a 50 day moving average of $103.09 and a 200 day moving average of $106.36. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $15.73 billion, a price-to-earnings ratio of 53.93, a price-to-earnings-growth ratio of 1.50 and a beta of 1.24. Entegris, Inc. has a 12-month low of $94.92 and a 12-month high of $147.57.

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

Entegris Announces Dividend

The company also recently declared 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 of this dividend was Wednesday, January 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.38%. Entegris’s payout ratio is currently 20.73%.

Entegris Company 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).