Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of Entegris, Inc. (NASDAQ:ENTG – Free Report) by 44.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,300 shares of the semiconductor company’s stock after purchasing an additional 13,900 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Entegris were worth $5,311,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of ENTG. Ameriflex Group Inc. bought a new stake in shares of Entegris during the 3rd quarter worth $25,000. Steph & Co. acquired a new position in Entegris during the 4th quarter worth $25,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Entegris during the 4th quarter worth $29,000. Johnson Financial Group Inc. boosted its holdings in Entegris by 147.5% during the fourth quarter. Johnson Financial Group Inc. now owns 396 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 236 shares during the period. Finally, Sound Income Strategies LLC grew its position in shares of Entegris by 407.0% in the fourth quarter. Sound Income Strategies LLC now owns 507 shares of the semiconductor company’s stock valued at $43,000 after purchasing an additional 407 shares during the last quarter.
Entegris Stock Performance
Shares of ENTG opened at $146.66 on Monday. The stock’s 50-day moving average price is $148.53 and its 200 day moving average price is $127.59. The company has a quick ratio of 2.05, a current ratio of 3.21 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $22.37 billion, a price-to-earnings ratio of 84.77, a P/E/G ratio of 1.82 and a beta of 1.31. Entegris, Inc. has a 12-month low of $67.97 and a 12-month high of $186.94.
Entegris Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Wednesday, April 29th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Wednesday, April 29th. Entegris’s payout ratio is 23.12%.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on ENTG. Mizuho lifted their price objective on Entegris from $180.00 to $200.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 1st. Needham & Company LLC raised their target price on Entegris from $150.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, April 30th. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $115.00 price target on shares of Entegris in a research report on Friday, May 1st. Wall Street Zen lowered Entegris from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 30th. Finally, Zacks Research cut Entegris from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd. Seven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $156.56.
Check Out Our Latest Report on Entegris
Insider Buying and Selling
In other news, SVP Joseph Colella sold 6,326 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $140.17, for a total transaction of $886,715.42. Following the completion of the transaction, the senior vice president directly owned 50,121 shares of the company’s stock, valued at approximately $7,025,460.57. This trade represents a 11.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bertrand Loy sold 44,138 shares of Entegris stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $144.41, for a total transaction of $6,373,968.58. Following the sale, the insider owned 227,527 shares in the company, valued at approximately $32,857,174.07. This trade represents a 16.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 107,867 shares of company stock worth $15,215,629. Insiders own 0.53% of the company’s stock.
About Entegris
Entegris, Inc is a leading provider of advanced materials and process control solutions for the semiconductor and other high-technology industries. The company develops and supplies a broad portfolio of products designed to ensure purity and reliability throughout the manufacturing process, helping customers address critical contamination and yield challenges.
Entegris’s product offerings include high-purity chemicals and specialty materials, liquid and gas filtration and purification systems, and sophisticated wafer and chip handling solutions.
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