Entegris, Inc. (NASDAQ:ENTG) Stock Holdings Lifted by Channing Capital Management LLC

Channing Capital Management LLC lifted its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 8.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 92,318 shares of the semiconductor company’s stock after buying an additional 6,967 shares during the period. Channing Capital Management LLC owned 0.06% of Entegris worth $11,062,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Entegris during the fourth quarter valued at approximately $35,000. Quent Capital LLC increased its position in Entegris by 59.1% in the fourth quarter. Quent Capital LLC now owns 366 shares of the semiconductor company’s stock worth $44,000 after buying an additional 136 shares during the period. Arlington Trust Co LLC bought a new stake in Entegris in the fourth quarter valued at $46,000. GAMMA Investing LLC bought a new stake in Entegris in the fourth quarter valued at $101,000. Finally, NBC Securities Inc. acquired a new position in shares of Entegris during the third quarter valued at $135,000.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Craig Hallum upgraded shares of Entegris from a “hold” rating to a “buy” rating and set a $150.00 price objective on the stock in a research report on Thursday, February 15th. BMO Capital Markets lifted their price target on Entegris from $130.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, February 16th. The Goldman Sachs Group increased their price objective on Entegris from $104.00 to $147.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Mizuho lifted their target price on Entegris from $140.00 to $143.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, UBS Group boosted their price target on Entegris from $90.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $141.91.

Insider Activity

In related news, CAO Michael Sauer sold 1,897 shares of Entegris stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $132.54, for a total value of $251,428.38. Following the transaction, the chief accounting officer now directly owns 1,779 shares in the company, valued at approximately $235,788.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Daniel D. Woodland sold 9,000 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $139.50, for a total transaction of $1,255,500.00. Following the sale, the insider now owns 32,730 shares in the company, valued at $4,565,835. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Michael Sauer sold 1,897 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $132.54, for a total transaction of $251,428.38. Following the completion of the sale, the chief accounting officer now owns 1,779 shares of the company’s stock, valued at approximately $235,788.66. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,082 shares of company stock worth $5,606,849. Insiders own 0.67% of the company’s stock.

Entegris Price Performance

ENTG stock traded up $5.20 during trading hours on Friday, hitting $131.80. 1,600,512 shares of the stock traded hands, compared to its average volume of 1,376,751. The company has a current ratio of 3.35, a quick ratio of 2.67 and a debt-to-equity ratio of 1.22. The stock has a 50-day simple moving average of $135.27 and a 200 day simple moving average of $119.44. Entegris, Inc. has a one year low of $72.96 and a one year high of $146.91. The company has a market cap of $19.87 billion, a P/E ratio of 63.37 and a beta of 1.31.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $0.68 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $769.24 million. During the same quarter last year, the firm posted $0.65 EPS. The business’s revenue for the quarter was down 16.4% on a year-over-year basis. Equities analysts forecast that Entegris, Inc. will post 3.27 earnings per share for the current year.

Entegris Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 1st will be issued a $0.10 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.30%. Entegris’s dividend payout ratio is currently 19.23%.

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).