ExodusPoint Capital Management LP Purchases New Shares in Entegris, Inc. (NASDAQ:ENTG)

ExodusPoint Capital Management LP acquired a new position in shares of Entegris, Inc. (NASDAQ:ENTG) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 43,904 shares of the semiconductor company’s stock, valued at approximately $4,349,000.

A number of other hedge funds also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Entegris during the fourth quarter valued at approximately $445,988,000. Raymond James Financial Inc. purchased a new position in Entegris during the 4th quarter worth approximately $91,869,000. Principal Financial Group Inc. grew its position in Entegris by 130.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,379,963 shares of the semiconductor company’s stock worth $155,287,000 after purchasing an additional 781,955 shares in the last quarter. James Hambro & Partners LLP acquired a new stake in Entegris during the 4th quarter valued at $72,845,000. Finally, Wealthfront Advisers LLC purchased a new stake in shares of Entegris in the fourth quarter valued at $68,661,000.

Analyst Ratings Changes

ENTG has been the topic of several recent analyst reports. Needham & Company LLC reissued a “buy” rating and set a $120.00 price target on shares of Entegris in a research report on Friday, February 7th. Mizuho dropped their target price on Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. StockNews.com upgraded shares of Entegris from a “sell” rating to a “hold” rating in a report on Thursday. Finally, KeyCorp lowered their price objective on shares of Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $124.88.

Insider Activity at Entegris

In related news, SVP Clinton M. Haris sold 12,652 shares of the company’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 completion of the sale, the senior vice president now directly owns 34,820 shares of the company’s stock, valued at approximately $3,722,954.40. This represents a 26.65 % decrease in their position. 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 Entegris stock in a transaction on 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 in the company, valued at $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 owned by company insiders.

Entegris Price Performance

Shares of ENTG opened at $65.39 on Monday. 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 firm has a market cap of $9.89 billion, a PE ratio of 33.88, a PEG ratio of 1.50 and a beta of 1.36. The firm’s 50 day moving average price is $98.67 and its 200 day moving average price is $103.06. Entegris, Inc. has a twelve month low of $60.50 and a twelve month high of $147.57.

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

Entegris Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend was Wednesday, January 29th. Entegris’s dividend payout ratio is 20.73%.

Entegris 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).