1620 Investment Advisors Inc. Boosts Holdings in Entegris, Inc. (NASDAQ:ENTG)

1620 Investment Advisors Inc. grew its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 132.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,470 shares of the semiconductor company’s stock after purchasing an additional 837 shares during the period. 1620 Investment Advisors Inc.’s holdings in Entegris were worth $146,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Fortitude Family Office LLC grew its position in shares of Entegris by 195.7% during the fourth quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock worth $41,000 after buying an additional 274 shares in the last quarter. Promus Capital LLC acquired a new stake in shares of Entegris during the fourth quarter worth approximately $71,000. Eagle Bay Advisors LLC grew its position in shares of Entegris by 4,375.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 716 shares of the semiconductor company’s stock worth $71,000 after buying an additional 700 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of Entegris by 27.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 731 shares of the semiconductor company’s stock worth $73,000 after buying an additional 158 shares in the last quarter. Finally, Blue Trust Inc. grew its position in shares of Entegris by 121.3% during the fourth quarter. Blue Trust Inc. now owns 768 shares of the semiconductor company’s stock worth $76,000 after buying an additional 421 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Mizuho decreased their price target 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. KeyCorp lowered their target price on shares of Entegris from $150.00 to $141.00 and set an “overweight” rating for the company in a research note on Friday, February 7th. Needham & Company LLC reiterated a “buy” rating and set a $120.00 target price on shares of Entegris in a research note on Friday, February 7th. Finally, StockNews.com upgraded shares of Entegris from a “sell” rating to a “hold” rating in a research note on Thursday, March 13th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Entegris currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.88.

Insider Transactions at Entegris

In related news, SVP Clinton M. Haris sold 12,652 shares of the company’s stock in a transaction dated 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 sale, the senior vice president now owns 34,820 shares of the company’s stock, valued at $3,722,954.40. This represents a 26.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Olivier Blachier sold 984 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $108.00, for a total transaction of $106,272.00. Following the completion of the sale, the senior vice president now directly owns 10,903 shares of the company’s stock, valued at $1,177,524. The trade was a 8.28 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.67% of the company’s stock.

Entegris Stock Down 2.7 %

Entegris stock opened at $96.35 on Friday. The company has a 50-day simple moving average of $102.24 and a 200-day simple moving average of $104.73. The firm has a market capitalization of $14.56 billion, a P/E ratio of 49.92, a P/E/G ratio of 1.50 and a beta of 1.32. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.86 and a current ratio of 3.08. Entegris, Inc. has a one year low of $92.84 and a one year high of $147.57.

Entegris (NASDAQ:ENTG) last released its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.77 by $0.07. Entegris had a net margin of 9.03% and a return on equity of 12.83%. As a group, equities analysts expect that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Announces Dividend

The company also recently declared 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 0.42%. Entegris’s dividend payout ratio is currently 20.73%.

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).