Boothbay Fund Management LLC increased its holdings in shares of Entegris, Inc. (NASDAQ:ENTG – Free Report) by 987.1% in the third quarter, Holdings Channel reports. The firm owned 169,092 shares of the semiconductor company’s stock after buying an additional 153,537 shares during the quarter. Boothbay Fund Management LLC’s holdings in Entegris were worth $15,634,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also made changes to their positions in ENTG. Vanguard Group Inc. increased its position in Entegris by 2.8% in the 3rd quarter. Vanguard Group Inc. now owns 16,017,716 shares of the semiconductor company’s stock valued at $1,480,998,000 after acquiring an additional 443,518 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Entegris by 5.8% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,457,925 shares of the semiconductor company’s stock worth $689,560,000 after purchasing an additional 412,121 shares during the last quarter. Capital Research Global Investors purchased a new position in Entegris during the 3rd quarter worth $644,841,000. Principal Financial Group Inc. lifted its stake in shares of Entegris by 10.1% in the 3rd quarter. Principal Financial Group Inc. now owns 5,876,271 shares of the semiconductor company’s stock worth $543,325,000 after acquiring an additional 540,755 shares during the period. Finally, Durable Capital Partners LP boosted its holdings in shares of Entegris by 23.2% in the third quarter. Durable Capital Partners LP now owns 3,765,035 shares of the semiconductor company’s stock valued at $348,115,000 after acquiring an additional 709,121 shares in the last quarter.
Entegris Price Performance
Shares of NASDAQ:ENTG opened at $108.28 on Friday. The firm has a market capitalization of $16.46 billion, a price-to-earnings ratio of 70.31, a price-to-earnings-growth ratio of 2.03 and a beta of 1.30. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.35 and a quick ratio of 2.04. The business’s 50 day simple moving average is $119.62 and its 200-day simple moving average is $98.37. Entegris, Inc. has a 12 month low of $60.75 and a 12 month high of $142.50.
Entegris Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, February 18th. Stockholders of record on Wednesday, January 28th were given a $0.10 dividend. The ex-dividend date was Wednesday, January 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. Entegris’s dividend payout ratio (DPR) is currently 25.97%.
Insider Buying and Selling at Entegris
In other Entegris news, SVP Daniel D. Woodland sold 30,474 shares of the firm’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $130.65, for a total transaction of $3,981,428.10. Following the completion of the transaction, the senior vice president directly owned 46,904 shares in the company, valued at approximately $6,128,007.60. This trade represents a 39.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Olivier Blachier sold 1,664 shares of Entegris stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $131.49, for a total transaction of $218,799.36. Following the transaction, the senior vice president owned 29,497 shares of the company’s stock, valued at approximately $3,878,560.53. The trade was a 5.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 226,074 shares of company stock worth $29,640,758. Insiders own 0.67% of the company’s stock.
Analyst Ratings Changes
A number of research analysts have recently issued reports on the stock. Citigroup boosted their price target on shares of Entegris from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. The Goldman Sachs Group lifted their price objective on Entegris from $75.00 to $95.00 and gave the company a “sell” rating in a report on Wednesday, February 11th. Zacks Research upgraded Entegris from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 13th. UBS Group reissued a “buy” rating and set a $150.00 target price on shares of Entegris in a research note on Monday, February 2nd. Finally, Mizuho set a $150.00 price target on Entegris in a research note on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $133.78.
View Our Latest Stock Report on ENTG
Entegris Company Profile
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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