Van ECK Associates Corp Has $6.52 Million Holdings in Entegris, Inc. (NASDAQ:ENTG)

Van ECK Associates Corp boosted its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 10.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 54,411 shares of the semiconductor company’s stock after acquiring an additional 5,234 shares during the quarter. Van ECK Associates Corp’s holdings in Entegris were worth $6,520,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Gates Capital Management Inc. grew its holdings in Entegris by 9,839.3% during the 3rd quarter. Gates Capital Management Inc. now owns 701,613 shares of the semiconductor company’s stock worth $65,888,000 after acquiring an additional 694,554 shares during the period. Envestnet Asset Management Inc. increased its holdings in Entegris by 48.1% in the third quarter. Envestnet Asset Management Inc. now owns 988,601 shares of the semiconductor company’s stock valued at $92,840,000 after purchasing an additional 321,146 shares during the last quarter. Hawk Ridge Capital Management LP acquired a new position in Entegris in the third quarter valued at about $18,275,000. Invesco Ltd. boosted its holdings in Entegris by 16.1% during the third quarter. Invesco Ltd. now owns 1,271,148 shares of the semiconductor company’s stock worth $119,374,000 after buying an additional 176,029 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale grew its position in shares of Entegris by 43.9% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 522,765 shares of the semiconductor company’s stock worth $62,832,000 after buying an additional 159,368 shares during the period.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ENTG. StockNews.com downgraded shares of Entegris from a “hold” rating to a “sell” rating in a research report on Thursday, February 22nd. BMO Capital Markets increased their target price on shares of Entegris from $130.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. Wolfe Research assumed coverage on shares of Entegris in a report on Friday, March 1st. They issued an “outperform” rating and a $160.00 price target for the company. The Goldman Sachs Group upped their price objective on shares of Entegris from $104.00 to $147.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. Finally, Craig Hallum raised Entegris from a “hold” rating to a “buy” rating and set a $150.00 target price for the company in a research note on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $141.91.

Entegris Stock Up 4.1 %

Shares of Entegris stock opened at $131.80 on Friday. The firm has a market cap of $19.87 billion, a PE ratio of 63.37 and a beta of 1.31. The business’s 50 day simple moving average is $135.27 and its 200 day simple moving average is $119.28. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.67 and a current ratio of 3.35. Entegris, Inc. has a 52-week low of $72.96 and a 52-week high of $146.91.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.07. Entegris had a net margin of 9.31% and a return on equity of 11.94%. The company had revenue of $771.03 million for the quarter, compared to the consensus estimate of $769.24 million. During the same period last year, the company earned $0.65 earnings per share. The firm’s revenue was down 16.4% compared to the same quarter last year. On average, analysts predict that Entegris, Inc. will post 3.27 earnings per share for the current fiscal year.

Entegris Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 1st will be paid a dividend of $0.10 per share. The ex-dividend date is Tuesday, April 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.30%. Entegris’s dividend payout ratio is 19.23%.

Insider Activity

In related news, CAO Michael Sauer sold 1,897 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $132.54, for a total transaction of $251,428.38. Following the sale, the chief accounting officer now owns 1,779 shares in the company, valued at $235,788.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CAO Michael Sauer sold 1,897 shares of the firm’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $132.54, for a total value of $251,428.38. Following the completion of the transaction, the chief accounting officer now directly owns 1,779 shares of the company’s stock, valued at $235,788.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Daniel D. Woodland sold 9,000 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $139.50, for a total transaction of $1,255,500.00. Following the transaction, the insider now owns 32,730 shares in the company, valued at $4,565,835. The disclosure for this sale can be found here. Insiders sold 41,082 shares of company stock worth $5,606,849 in the last quarter. Corporate insiders own 0.67% of the company’s stock.

About Entegris

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).