31,700 Shares in Entegris Inc (NASDAQ:ENTG) Purchased by Mackay Shields LLC

Mackay Shields LLC acquired a new stake in Entegris Inc (NASDAQ:ENTG) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 31,700 shares of the semiconductor company’s stock, valued at approximately $885,000.

Other institutional investors have also made changes to their positions in the company. Sumitomo Life Insurance Co. boosted its position in Entegris by 1.8% during the 4th quarter. Sumitomo Life Insurance Co. now owns 30,267 shares of the semiconductor company’s stock valued at $844,000 after buying an additional 549 shares during the period. Neuberger Berman Group LLC boosted its position in Entegris by 3.6% during the 3rd quarter. Neuberger Berman Group LLC now owns 19,155 shares of the semiconductor company’s stock valued at $555,000 after buying an additional 657 shares during the period. Advisor Group Inc. boosted its position in Entegris by 3.0% during the 4th quarter. Advisor Group Inc. now owns 27,953 shares of the semiconductor company’s stock valued at $780,000 after buying an additional 817 shares during the period. First Interstate Bank boosted its position in Entegris by 22.1% during the 4th quarter. First Interstate Bank now owns 5,450 shares of the semiconductor company’s stock valued at $152,000 after buying an additional 985 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Entegris by 11.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,646 shares of the semiconductor company’s stock valued at $269,000 after buying an additional 993 shares during the period.

Shares of NASDAQ:ENTG traded up $0.26 on Friday, hitting $40.61. The company had a trading volume of 699,873 shares, compared to its average volume of 1,447,555. Entegris Inc has a 1 year low of $23.39 and a 1 year high of $40.77. The company has a current ratio of 3.82, a quick ratio of 2.82 and a debt-to-equity ratio of 0.92. The stock has a market cap of $5.50 billion, a price-to-earnings ratio of 21.49 and a beta of 1.32.

Entegris (NASDAQ:ENTG) last posted its earnings results on Tuesday, February 5th. The semiconductor company reported $0.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.01. Entegris had a net margin of 15.53% and a return on equity of 25.86%. The firm had revenue of $401.60 million during the quarter, compared to analysts’ expectations of $398.98 million. During the same period last year, the company posted $0.42 EPS. The company’s quarterly revenue was up 14.5% compared to the same quarter last year. Equities analysts forecast that Entegris Inc will post 2.01 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 1st will be given a $0.07 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $0.28 annualized dividend and a dividend yield of 0.69%. Entegris’s dividend payout ratio is 14.81%.

Several equities research analysts have weighed in on the stock. Goldman Sachs Group cut shares of Entegris from a “buy” rating to a “neutral” rating and set a $30.00 price target for the company. in a research report on Tuesday, January 8th. Zacks Investment Research raised shares of Entegris from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. ValuEngine raised shares of Entegris from a “hold” rating to a “buy” rating in a research report on Wednesday, February 27th. BidaskClub raised shares of Entegris from a “hold” rating to a “buy” rating in a research report on Tuesday, January 29th. Finally, Berenberg Bank assumed coverage on shares of Entegris in a research report on Thursday, March 21st. They set a “buy” rating and a $43.00 price target for the company. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $42.43.

In related news, VP Michael Sauer sold 3,788 shares of the stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $36.61, for a total value of $138,678.68. Following the completion of the transaction, the vice president now directly owns 12,782 shares in the company, valued at approximately $467,949.02. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Stuart Tison sold 11,576 shares of the stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $38.96, for a total transaction of $451,000.96. Following the completion of the transaction, the senior vice president now owns 74,744 shares of the company’s stock, valued at $2,912,026.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 85,508 shares of company stock valued at $3,019,111. Corporate insiders own 1.50% of the company’s stock.

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Entegris Company Profile

Entegris, Inc develops, manufactures, and supplies micro contamination control products, specialty chemicals, and advanced materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries worldwide. It operates through three segments: Specialty Chemicals and Engineered Materials (SCEM); Microcontamination Control (MC); and Advanced Materials Handling (AMH).

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Institutional Ownership by Quarter for Entegris (NASDAQ:ENTG)

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