LPL Financial LLC Has $9.72 Million Stake in Entegris, Inc. (NASDAQ:ENTG)

LPL Financial LLC raised its stake in Entegris, Inc. (NASDAQ:ENTG) by 36.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 98,123 shares of the semiconductor company’s stock after purchasing an additional 25,980 shares during the quarter. LPL Financial LLC owned 0.06% of Entegris worth $9,720,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. FMR LLC grew its position in Entegris by 130.9% in the 3rd quarter. FMR LLC now owns 272,833 shares of the semiconductor company’s stock worth $30,702,000 after purchasing an additional 154,658 shares in the last quarter. Benjamin Edwards Inc. grew its holdings in shares of Entegris by 33,412.5% in the third quarter. Benjamin Edwards Inc. now owns 2,681 shares of the semiconductor company’s stock valued at $302,000 after acquiring an additional 2,673 shares in the last quarter. Hilltop Holdings Inc. purchased a new stake in shares of Entegris during the third quarter valued at approximately $250,000. Investment Management Corp of Ontario lifted its holdings in Entegris by 47.2% during the third quarter. Investment Management Corp of Ontario now owns 4,988 shares of the semiconductor company’s stock worth $561,000 after acquiring an additional 1,600 shares during the period. Finally, Quantinno Capital Management LP boosted its position in Entegris by 849.2% in the third quarter. Quantinno Capital Management LP now owns 31,190 shares of the semiconductor company’s stock worth $3,510,000 after purchasing an additional 27,904 shares during the last quarter.

Insider Buying and Selling

In related news, SVP Olivier Blachier sold 984 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $108.00, for a total value of $106,272.00. Following the sale, the senior vice president now directly owns 10,903 shares of the company’s stock, valued at $1,177,524. This trade represents a 8.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Clinton M. Haris sold 12,652 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $106.92, for a total transaction of $1,352,751.84. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by company insiders.

Entegris Stock Down 9.1 %

Entegris stock opened at $65.39 on Friday. The firm has a 50 day simple moving average of $98.67 and a 200 day simple moving average of $103.17. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08. Entegris, Inc. has a 1-year low of $61.27 and a 1-year high of $147.57. The firm has a market capitalization of $9.89 billion, a price-to-earnings ratio of 33.88, a P/E/G ratio of 1.50 and a beta of 1.36.

Entegris (NASDAQ:ENTG) last released its quarterly earnings data 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%. On average, analysts predict 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 issued a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $0.40 annualized dividend and a dividend yield of 0.61%. Entegris’s payout ratio is currently 20.73%.

Analysts Set New Price Targets

ENTG has been the subject of several research analyst reports. Mizuho decreased their target price on Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Needham & Company LLC restated a “buy” rating and set a $120.00 price objective on shares of Entegris in a report on Friday, February 7th. KeyCorp dropped their target price on shares of Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a research note on Friday, February 7th. Finally, StockNews.com raised shares of Entegris from a “sell” rating to a “hold” rating in a report on Thursday. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $124.88.

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).