Mather Group LLC. Takes $105,000 Position in Entegris, Inc. (NASDAQ:ENTG)

Mather Group LLC. acquired a new stake in Entegris, Inc. (NASDAQ:ENTG) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 748 shares of the semiconductor company’s stock, valued at approximately $105,000.

Other hedge funds have also modified their holdings of the company. WCM Investment Management LLC increased its holdings in shares of Entegris by 0.4% in the fourth quarter. WCM Investment Management LLC now owns 5,173,163 shares of the semiconductor company’s stock valued at $628,177,000 after purchasing an additional 22,249 shares during the period. California Public Employees Retirement System grew its holdings in Entegris by 17.6% during the fourth quarter. California Public Employees Retirement System now owns 257,147 shares of the semiconductor company’s stock worth $30,811,000 after acquiring an additional 38,557 shares during the period. QRG Capital Management Inc. acquired a new stake in Entegris during the third quarter worth about $663,000. Virtu Financial LLC acquired a new stake in Entegris during the fourth quarter worth about $892,000. Finally, Stifel Financial Corp grew its holdings in Entegris by 6.5% during the fourth quarter. Stifel Financial Corp now owns 122,392 shares of the semiconductor company’s stock worth $14,665,000 after acquiring an additional 7,456 shares during the period.

Insider Activity

In other news, SVP Olivier Blachier sold 1,986 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $133.84, for a total value of $265,806.24. Following the transaction, the senior vice president now owns 12,356 shares in the company, valued at $1,653,727.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, SVP Olivier Blachier sold 1,986 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $133.84, for a total value of $265,806.24. Following the transaction, the senior vice president now owns 12,356 shares in the company, valued at $1,653,727.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Clinton M. Haris sold 5,005 shares of Entegris stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $124.74, for a total value of $624,323.70. Following the transaction, the senior vice president now owns 34,600 shares in the company, valued at approximately $4,316,004. The disclosure for this sale can be found here. Insiders have sold a total of 13,752 shares of company stock worth $1,792,723 over the last quarter. 0.67% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

ENTG has been the topic of several analyst reports. Mizuho raised their target price on Entegris from $140.00 to $143.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $150.00 target price on shares of Entegris in a report on Monday, May 13th. Finally, Wolfe Research initiated coverage on Entegris in a report on Friday, March 1st. They issued an “outperform” rating and a $160.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Entegris currently has a consensus rating of “Moderate Buy” and an average target price of $148.67.

Entegris Stock Up 0.2 %

Shares of ENTG opened at $133.55 on Friday. The company has a current ratio of 3.35, a quick ratio of 2.02 and a debt-to-equity ratio of 1.22. Entegris, Inc. has a 12 month low of $84.13 and a 12 month high of $146.91. The stock’s 50 day moving average is $130.84 and its two-hundred day moving average is $127.87. The firm has a market cap of $20.14 billion, a P/E ratio of 64.21 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last released its earnings results on Wednesday, May 1st. The semiconductor company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.07. The business had revenue of $771.03 million for the quarter, compared to the consensus estimate of $769.24 million. Entegris had a return on equity of 11.94% and a net margin of 9.31%. The business’s quarterly revenue was down 16.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.65 earnings per share. Analysts predict that Entegris, Inc. will post 3.25 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 1st were given a $0.10 dividend. The ex-dividend date was Tuesday, April 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.30%. Entegris’s dividend payout ratio (DPR) is presently 19.23%.

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).