Promus Capital LLC Makes New Investment in Entegris, Inc. (NASDAQ:ENTG)

Promus Capital LLC bought a new position in Entegris, Inc. (NASDAQ:ENTG) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 714 shares of the semiconductor company’s stock, valued at approximately $71,000.

A number of other institutional investors and hedge funds have also modified their holdings of ENTG. Janney Montgomery Scott LLC bought a new stake in shares of Entegris in the 3rd quarter worth $1,158,000. Van ECK Associates Corp grew its holdings in shares of Entegris by 24.1% in the third quarter. Van ECK Associates Corp now owns 107,097 shares of the semiconductor company’s stock worth $11,057,000 after acquiring an additional 20,795 shares during the period. Asset Management One Co. Ltd. grew its holdings in shares of Entegris by 0.3% in the third quarter. Asset Management One Co. Ltd. now owns 53,689 shares of the semiconductor company’s stock worth $6,042,000 after acquiring an additional 152 shares during the period. QRG Capital Management Inc. grew its holdings in shares of Entegris by 3.4% in the third quarter. QRG Capital Management Inc. now owns 8,483 shares of the semiconductor company’s stock worth $955,000 after acquiring an additional 280 shares during the period. Finally, Crestwood Advisors Group LLC grew its holdings in shares of Entegris by 1.0% in the third quarter. Crestwood Advisors Group LLC now owns 32,090 shares of the semiconductor company’s stock worth $3,611,000 after acquiring an additional 315 shares during the period.

Entegris Price Performance

NASDAQ ENTG opened at $102.38 on Thursday. The company has a market capitalization of $15.47 billion, a PE ratio of 53.05, a price-to-earnings-growth ratio of 1.50 and a beta of 1.24. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.86 and a current ratio of 3.08. The business’s fifty day moving average is $102.69 and its 200 day moving average is $106.02. Entegris, Inc. has a fifty-two week low of $94.92 and a fifty-two week high of $147.57.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.84 EPS 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%. Sell-side analysts predict that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders 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 annualized dividend and a dividend yield of 0.39%. Entegris’s payout ratio is 20.73%.

Wall Street Analyst Weigh In

Several analysts recently commented on ENTG shares. 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. 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. KeyCorp cut their price objective on Entegris from $150.00 to $141.00 and set an “overweight” rating for the company in a report on Friday, February 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 price objective on shares of Entegris in a report on Friday, February 7th. Finally, StockNews.com downgraded Entegris from a “hold” rating to a “sell” rating in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Entegris presently has an average rating of “Moderate Buy” and an average target price of $124.88.

Insider Activity

In related news, SVP Clinton M. Haris sold 12,652 shares of the business’s stock in a transaction dated 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 sale, the senior vice president now directly owns 34,820 shares in the company, valued at approximately $3,722,954.40. The trade was a 26.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Olivier Blachier sold 984 shares of the business’s stock in a transaction dated 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 owns 10,903 shares in the company, valued at $1,177,524. This represents a 8.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.67% of the company’s stock.

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).