Global Retirement Partners LLC Acquires 362 Shares of Entegris, Inc. (NASDAQ:ENTG)

Global Retirement Partners LLC lifted its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 9.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,052 shares of the semiconductor company’s stock after acquiring an additional 362 shares during the period. Global Retirement Partners LLC’s holdings in Entegris were worth $401,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bridges Investment Management Inc. grew its stake in shares of Entegris by 3.6% in the 3rd quarter. Bridges Investment Management Inc. now owns 2,829 shares of the semiconductor company’s stock worth $318,000 after acquiring an additional 98 shares in the last quarter. Angeles Investment Advisors LLC grew its position in Entegris by 4.1% in the 3rd quarter. Angeles Investment Advisors LLC now owns 3,230 shares of the semiconductor company’s stock worth $363,000 after purchasing an additional 127 shares in the last quarter. Huntington National Bank increased its stake in Entegris by 41.0% in the 3rd quarter. Huntington National Bank now owns 454 shares of the semiconductor company’s stock valued at $51,000 after buying an additional 132 shares during the last quarter. Equitable Trust Co. lifted its position in shares of Entegris by 2.2% during the 3rd quarter. Equitable Trust Co. now owns 6,501 shares of the semiconductor company’s stock worth $732,000 after buying an additional 138 shares in the last quarter. Finally, Arkadios Wealth Advisors boosted its stake in shares of Entegris by 8.6% in the 3rd quarter. Arkadios Wealth Advisors now owns 1,892 shares of the semiconductor company’s stock worth $213,000 after buying an additional 150 shares during the last quarter.

Insider Transactions at Entegris

In related news, SVP Clinton M. Haris sold 12,652 shares of the company’s stock in a transaction that occurred on 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 transaction, 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 legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.67% of the company’s stock.

Entegris Trading Down 3.0 %

NASDAQ:ENTG opened at $104.09 on Monday. The company’s 50-day simple moving average is $103.09 and its 200 day simple moving average is $106.42. Entegris, Inc. has a one year low of $94.92 and a one year high of $147.57. The firm has a market capitalization of $15.73 billion, a P/E ratio of 53.93, a PEG ratio of 1.50 and a beta of 1.24. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.08 and a quick ratio of 1.86.

Entegris (NASDAQ:ENTG) last released its earnings results on Thursday, February 6th. The semiconductor company reported $0.84 EPS for the quarter, topping 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%. As a group, analysts forecast that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th were issued a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $0.40 annualized dividend and a yield of 0.38%. Entegris’s dividend payout ratio (DPR) is presently 20.73%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on ENTG shares. UBS Group lowered their target price on Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Craig Hallum dropped their target price on shares of Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Mizuho decreased their price target on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft dropped their price objective on Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Finally, KeyCorp lowered their target price on Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a research note on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $128.78.

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).