Wealthfront Advisers LLC Buys New Shares in Entegris, Inc. (NASDAQ:ENTG)

Wealthfront Advisers 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 693,127 shares of the semiconductor company’s stock, valued at approximately $68,661,000. Wealthfront Advisers LLC owned approximately 0.46% of Entegris as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Moran Wealth Management LLC boosted its stake in shares of Entegris by 5.3% in the fourth quarter. Moran Wealth Management LLC now owns 4,900 shares of the semiconductor company’s stock worth $485,000 after acquiring an additional 246 shares during the period. Dorsey & Whitney Trust CO LLC boosted its stake in shares of Entegris by 8.3% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 55,825 shares of the semiconductor company’s stock worth $5,530,000 after acquiring an additional 4,273 shares during the period. EFG Asset Management Americas Corp. boosted its stake in shares of Entegris by 36.1% in the fourth quarter. EFG Asset Management Americas Corp. now owns 18,856 shares of the semiconductor company’s stock worth $1,868,000 after acquiring an additional 5,005 shares during the period. Edgestream Partners L.P. boosted its stake in shares of Entegris by 1,713.5% in the fourth quarter. Edgestream Partners L.P. now owns 57,689 shares of the semiconductor company’s stock worth $5,715,000 after acquiring an additional 54,508 shares during the period. Finally, Callan Family Office LLC bought a new position in Entegris during the fourth quarter valued at approximately $308,000.

Analysts Set New Price Targets

ENTG has been the subject of a number of research reports. KeyCorp dropped their price target on 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 reissued a “buy” rating and set a $120.00 price target on shares of Entegris in a research note on Friday, February 7th. StockNews.com lowered Entegris from a “hold” rating to a “sell” rating in a research note on Thursday, February 27th. Finally, Mizuho decreased their price objective on Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Entegris currently has an average rating of “Moderate Buy” and an average price target of $124.88.

Insider Transactions at Entegris

In related news, SVP Clinton M. Haris sold 12,652 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was 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 in the company, valued at $3,722,954.40. This trade represents a 26.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Olivier Blachier sold 984 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $108.00, for a total value of $106,272.00. Following the completion of the transaction, the senior vice president now owns 10,903 shares of the company’s stock, valued at $1,177,524. This trade represents 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 5.2 %

Shares of NASDAQ ENTG opened at $97.59 on Tuesday. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $14.75 billion, a PE ratio of 50.56, a price-to-earnings-growth ratio of 1.50 and a beta of 1.32. The stock’s fifty day simple moving average is $102.62 and its two-hundred day simple moving average is $105.66. Entegris, Inc. has a 12-month low of $94.92 and a 12-month high of $147.57.

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

Entegris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th were given a $0.10 dividend. The ex-dividend date was Wednesday, January 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.41%. Entegris’s payout ratio is 20.73%.

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).