F M Investments LLC Invests $285,000 in Entegris, Inc. (NASDAQ:ENTG)

F M Investments LLC acquired a new stake in Entegris, Inc. (NASDAQ:ENTG) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 2,882 shares of the semiconductor company’s stock, valued at approximately $285,000.

Several other hedge funds have also recently added to or reduced their stakes in ENTG. Evexia Wealth LLC acquired a new stake in shares of Entegris in the 4th quarter valued at approximately $280,000. CenterBook Partners LP bought a new stake in Entegris in the fourth quarter valued at approximately $1,919,000. Renaissance Technologies LLC acquired a new stake in Entegris in the fourth quarter worth $7,549,000. Bank of Nova Scotia boosted its position in shares of Entegris by 737.2% during the fourth quarter. Bank of Nova Scotia now owns 387,708 shares of the semiconductor company’s stock worth $38,406,000 after purchasing an additional 341,400 shares in the last quarter. Finally, Bank of Montreal Can grew its holdings in shares of Entegris by 6.1% in the 4th quarter. Bank of Montreal Can now owns 115,322 shares of the semiconductor company’s stock valued at $11,424,000 after buying an additional 6,605 shares during the period.

Analyst Ratings Changes

Several analysts recently commented on ENTG shares. Mizuho dropped their price objective on Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. StockNews.com lowered Entegris from a “hold” rating to a “sell” rating in a research report on Friday. Needham & Company LLC reiterated a “buy” rating and issued a $120.00 price objective on shares of Entegris in a research report on Friday, February 7th. Finally, KeyCorp lowered their target price on Entegris from $150.00 to $141.00 and set an “overweight” rating for the company in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $124.88.

Entegris Stock Up 1.2 %

Shares of Entegris stock opened at $69.72 on Friday. Entegris, Inc. has a 52-week low of $60.75 and a 52-week high of $147.57. 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 business’s 50 day simple moving average is $94.48 and its 200 day simple moving average is $101.13. The firm has a market cap of $10.55 billion, a PE ratio of 36.12, a P/E/G ratio of 1.50 and a beta of 1.36.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share (EPS) 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%. On average, analysts predict that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th were paid a dividend of $0.10 per share. The ex-dividend date was Wednesday, January 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.57%. Entegris’s dividend payout ratio is 20.73%.

Insider Activity

In related news, SVP Olivier Blachier sold 984 shares of the stock in a transaction that occurred 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 directly owns 10,903 shares of the company’s stock, valued at approximately $1,177,524. This represents a 8.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Clinton M. Haris sold 12,652 shares of the business’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 in the company, valued at $3,722,954.40. This trade represents a 26.65 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is owned by corporate insiders.

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).