Kestra Investment Management LLC Has $444,000 Stock Position in Entegris, Inc. (NASDAQ:ENTG)

Kestra Investment Management LLC lifted its stake in Entegris, Inc. (NASDAQ:ENTG) by 79.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,485 shares of the semiconductor company’s stock after buying an additional 1,989 shares during the period. Kestra Investment Management LLC’s holdings in Entegris were worth $444,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. raised its stake in Entegris by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,065,812 shares of the semiconductor company’s stock worth $119,936,000 after acquiring an additional 14,650 shares in the last quarter. Synovus Financial Corp increased its position in shares of Entegris by 102.3% during the 3rd quarter. Synovus Financial Corp now owns 38,253 shares of the semiconductor company’s stock worth $4,305,000 after purchasing an additional 19,340 shares in the last quarter. Argent Capital Management LLC lifted its holdings in Entegris by 9.9% during the 4th quarter. Argent Capital Management LLC now owns 31,066 shares of the semiconductor company’s stock valued at $3,077,000 after purchasing an additional 2,793 shares during the last quarter. Swedbank AB boosted its position in Entegris by 47.7% in the fourth quarter. Swedbank AB now owns 1,550,942 shares of the semiconductor company’s stock valued at $153,636,000 after buying an additional 500,581 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in Entegris during the third quarter worth about $1,158,000.

Insider Activity

In other news, SVP Clinton M. Haris sold 12,652 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $106.92, for a total value of $1,352,751.84. Following the completion of the transaction, the senior vice president now owns 34,820 shares of the company’s stock, valued at $3,722,954.40. The trade was a 26.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.67% of the stock is currently owned by company insiders.

Entegris Trading Up 0.5 %

ENTG opened at $107.99 on Thursday. The firm has a 50 day simple moving average of $103.14 and a 200 day simple moving average of $106.31. Entegris, Inc. has a fifty-two week low of $94.92 and a fifty-two week high of $147.57. The company has a market cap of $16.32 billion, a price-to-earnings ratio of 55.95, a price-to-earnings-growth 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 posted its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.07. Entegris had a return on equity of 12.83% and a net margin of 9.03%. On average, sell-side analysts anticipate that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $0.40 annualized dividend and a dividend yield of 0.37%. Entegris’s payout ratio is currently 20.73%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Craig Hallum cut their target price on shares of Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. UBS Group lowered their target price on Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Mizuho lowered their price objective on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Finally, StockNews.com upgraded shares of Entegris from a “sell” rating to a “hold” rating in a research report on Wednesday. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $128.78.

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).