Proficio Capital Partners LLC Invests $42,000 in Entegris, Inc. (NASDAQ:ENTG)

Proficio Capital Partners LLC acquired a new stake in Entegris, Inc. (NASDAQ:ENTG) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 41,833 shares of the semiconductor company’s stock, valued at approximately $42,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Entegris in the 3rd quarter valued at about $513,000. Raymond James Trust N.A. boosted its stake in shares of Entegris by 17.5% in the third quarter. Raymond James Trust N.A. now owns 2,135 shares of the semiconductor company’s stock valued at $240,000 after purchasing an additional 318 shares during the period. Cerity Partners LLC grew its holdings in shares of Entegris by 27.3% in the third quarter. Cerity Partners LLC now owns 46,861 shares of the semiconductor company’s stock valued at $5,273,000 after purchasing an additional 10,038 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in Entegris by 6.5% during the 3rd quarter. Daiwa Securities Group Inc. now owns 13,621 shares of the semiconductor company’s stock worth $1,533,000 after buying an additional 826 shares during the period. Finally, Bank of Montreal Can lifted its holdings in Entegris by 42.5% during the 3rd quarter. Bank of Montreal Can now owns 108,717 shares of the semiconductor company’s stock worth $12,487,000 after buying an additional 32,439 shares in the last quarter.

Insider Activity at Entegris

In other news, SVP Clinton M. Haris sold 12,652 shares of the stock in a transaction that occurred 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 sale, the senior vice president now directly owns 34,820 shares of the company’s stock, valued at approximately $3,722,954.40. This represents a 26.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Olivier Blachier sold 984 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $108.00, for a total transaction of $106,272.00. Following the transaction, the senior vice president now owns 10,903 shares in the company, valued at approximately $1,177,524. This trade represents a 8.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.67% of the company’s stock.

Entegris Trading Down 4.1 %

NASDAQ:ENTG opened at $88.74 on Friday. Entegris, Inc. has a 1 year low of $87.72 and a 1 year high of $147.57. The stock has a market cap of $13.43 billion, a P/E ratio of 45.98, 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. The stock has a 50-day simple moving average of $101.34 and a 200-day simple moving average of $104.22.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share (EPS) 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%. As a group, analysts anticipate that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend was Wednesday, January 29th. Entegris’s payout ratio is currently 20.73%.

Analysts Set New Price Targets

Several equities analysts have commented on ENTG shares. StockNews.com downgraded shares of Entegris from a “hold” rating to a “sell” rating in a research note on Monday, March 24th. KeyCorp cut their price target on Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. Mizuho decreased their price objective on Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Finally, Needham & Company LLC reissued a “buy” rating and set a $120.00 price objective on shares of Entegris in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $124.88.

Entegris 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).