Main Street Research LLC Takes Position in Entegris, Inc. (NASDAQ:ENTG)

Main Street Research LLC acquired a new stake in Entegris, Inc. (NASDAQ:ENTG) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,803 shares of the semiconductor company’s stock, valued at approximately $216,000.

Other large investors have also made changes to their positions in the company. Legacy Financial Group LLC bought a new stake in shares of Entegris in the third quarter worth about $30,000. Quent Capital LLC increased its holdings in shares of 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 purchasing an additional 136 shares during the last quarter. Arlington Trust Co LLC bought a new stake in shares of Entegris in the fourth quarter worth about $46,000. KB Financial Partners LLC bought a new stake in shares of Entegris in the first quarter worth about $34,000. Finally, Belpointe Asset Management LLC increased its stake in Entegris by 51.1% during the first quarter. Belpointe Asset Management LLC now owns 485 shares of the semiconductor company’s stock worth $40,000 after acquiring an additional 164 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Craig Hallum raised Entegris from a “hold” rating to a “buy” rating and set a $150.00 price objective on the stock in a research note on Thursday, February 15th. Mizuho restated a “neutral” rating and set a $140.00 target price on shares of Entegris in a research report on Tuesday, February 20th. Wolfe Research assumed coverage on Entegris in a research report on Friday, March 1st. They set an “outperform” rating and a $160.00 target price for the company. KeyCorp boosted their target price on Entegris from $136.00 to $164.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. Finally, BMO Capital Markets boosted their target price on Entegris from $130.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $141.64.

Insider Activity at Entegris

In other Entegris news, insider Daniel D. Woodland sold 9,000 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $139.50, for a total transaction of $1,255,500.00. Following the sale, the insider now directly owns 32,730 shares of the company’s stock, valued at approximately $4,565,835. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Daniel D. Woodland sold 9,000 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $139.50, for a total value of $1,255,500.00. Following the transaction, the insider now directly owns 32,730 shares of the company’s stock, valued at approximately $4,565,835. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Michael Besnard sold 12,667 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $135.78, for a total transaction of $1,719,925.26. Following the completion of the transaction, the senior vice president now directly owns 10,213 shares in the company, valued at $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 valued at $5,606,849 in the last ninety days. Company insiders own 0.67% of the company’s stock.

Entegris Trading Up 0.0 %

Shares of NASDAQ ENTG traded up $0.04 during trading hours on Tuesday, reaching $131.71. The stock had a trading volume of 395,110 shares, compared to its average volume of 1,368,333. The company has a current ratio of 3.85, a quick ratio of 2.67 and a debt-to-equity ratio of 1.35. The firm has a market cap of $19.85 billion, a price-to-earnings ratio of 110.65 and a beta of 1.32. The business’s fifty day moving average price is $135.65 and its two-hundred day moving average price is $116.34. Entegris, Inc. has a 52-week low of $69.37 and a 52-week high of $146.91.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Tuesday, February 13th. The semiconductor company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. The firm had revenue of $812.30 million during the quarter, compared to analyst estimates of $780.95 million. Entegris had a return on equity of 12.00% and a net margin of 5.13%. Entegris’s quarterly revenue was down 14.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.83 earnings per share. Analysts expect that Entegris, Inc. will post 3.31 EPS for the current fiscal year.

Entegris Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 21st. Investors of record on Wednesday, January 31st were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.30%. The ex-dividend date of this dividend was Tuesday, January 30th. Entegris’s payout ratio is 33.61%.

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).