Yousif Capital Management LLC Buys New Stake in Entegris, Inc. (NASDAQ:ENTG)

Yousif Capital Management LLC bought a new stake in Entegris, Inc. (NASDAQ:ENTG) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,944 shares of the semiconductor company’s stock, valued at approximately $233,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Entegris by 0.8% in the third quarter. Vanguard Group Inc. now owns 14,452,886 shares of the semiconductor company’s stock valued at $1,357,271,000 after purchasing an additional 107,989 shares in the last quarter. WCM Investment Management LLC boosted its stake in Entegris by 0.4% during the fourth quarter. WCM Investment Management LLC now owns 5,173,163 shares of the semiconductor company’s stock worth $628,177,000 after buying an additional 22,249 shares during the period. London Co. of Virginia boosted its stake in Entegris by 0.6% during the third quarter. London Co. of Virginia now owns 2,867,758 shares of the semiconductor company’s stock worth $269,311,000 after buying an additional 17,077 shares during the period. Earnest Partners LLC boosted its stake in Entegris by 1.6% during the third quarter. Earnest Partners LLC now owns 1,770,010 shares of the semiconductor company’s stock worth $166,222,000 after buying an additional 27,810 shares during the period. Finally, Invesco Ltd. boosted its stake 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 period.

Entegris Stock Performance

Shares of Entegris stock opened at $133.90 on Tuesday. The company has a market capitalization of $20.19 billion, a PE ratio of 64.38 and a beta of 1.31. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.02 and a current ratio of 3.35. The company has a 50-day simple moving average of $135.27 and a two-hundred day simple moving average of $119.61. Entegris, Inc. has a one year low of $76.93 and a one year high of $146.91.

Entegris (NASDAQ:ENTG) last announced its earnings results on Wednesday, May 1st. The semiconductor company reported $0.68 EPS for the quarter, topping 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 business had revenue of $771.03 million during the quarter, compared to the consensus estimate of $769.24 million. During the same period in the previous year, the company posted $0.65 earnings per share. The firm’s revenue was down 16.4% on a year-over-year basis. Research analysts expect that Entegris, Inc. will post 3.27 EPS for the current fiscal year.

Entegris Announces Dividend

The firm also recently declared 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 payout ratio is 19.23%.

Insider Activity at Entegris

In related news, SVP Michael Besnard sold 12,667 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $135.78, for a total value of $1,719,925.26. Following the sale, the senior vice president now owns 10,213 shares in the company, valued at $1,386,721.14. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Daniel D. Woodland sold 9,000 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $139.50, for a total value of $1,255,500.00. Following the sale, the insider now owns 32,730 shares in the company, valued at $4,565,835. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Michael Besnard sold 12,667 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $135.78, for a total value of $1,719,925.26. Following the completion of the sale, the senior vice president now owns 10,213 shares in the company, valued at approximately $1,386,721.14. The disclosure for this sale can be found here. Insiders have sold a total of 41,082 shares of company stock worth $5,606,849 over the last quarter. Insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on ENTG shares. Needham & Company LLC reaffirmed a “buy” rating and set a $150.00 price objective on shares of Entegris in a research note on Wednesday, May 1st. Wolfe Research assumed coverage on Entegris in a report on Friday, March 1st. They issued an “outperform” rating and a $160.00 price objective for the company. UBS Group lifted their price objective on Entegris from $90.00 to $130.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. Citigroup lifted their price objective on Entegris from $117.00 to $134.00 and gave the company a “neutral” rating in a report on Friday, February 16th. Finally, BMO Capital Markets lifted their price objective on Entegris from $130.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Entegris has an average rating of “Moderate Buy” and a consensus target price of $141.91.

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).