Holocene Advisors LP Has $150 Million Stock Holdings in Entegris, Inc. $ENTG

Holocene Advisors LP boosted its position in Entegris, Inc. (NASDAQ:ENTG) by 79.4% during the second quarter, HoldingsChannel.com reports. The fund owned 1,859,828 shares of the semiconductor company’s stock after buying an additional 823,015 shares during the quarter. Holocene Advisors LP’s holdings in Entegris were worth $149,995,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hound Partners LLC boosted its holdings in shares of Entegris by 33.3% in the 2nd quarter. Hound Partners LLC now owns 307,737 shares of the semiconductor company’s stock valued at $24,819,000 after purchasing an additional 76,820 shares in the last quarter. Hudson Bay Capital Management LP bought a new stake in shares of Entegris during the 2nd quarter worth $340,000. BI Asset Management Fondsmaeglerselskab A S boosted its stake in Entegris by 28.1% in the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,730 shares of the semiconductor company’s stock valued at $381,000 after buying an additional 1,038 shares in the last quarter. BNP Paribas Financial Markets grew its position in Entegris by 6.9% in the second quarter. BNP Paribas Financial Markets now owns 436,796 shares of the semiconductor company’s stock valued at $35,228,000 after acquiring an additional 28,186 shares during the last quarter. Finally, Boothbay Fund Management LLC raised its stake in Entegris by 305.7% during the second quarter. Boothbay Fund Management LLC now owns 15,555 shares of the semiconductor company’s stock worth $1,255,000 after acquiring an additional 11,721 shares in the last quarter.

Insider Activity at Entegris

In related news, SVP Joseph Colella sold 3,577 shares of the stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $88.41, for a total transaction of $316,242.57. Following the transaction, the senior vice president directly owned 34,364 shares of the company’s stock, valued at $3,038,121.24. This represents a 9.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bertrand Loy sold 57,570 shares of Entegris stock in a transaction on Monday, December 1st. The shares were sold at an average price of $76.88, for a total transaction of $4,425,981.60. Following the completion of the sale, the insider directly owned 305,820 shares of the company’s stock, valued at approximately $23,511,441.60. This trade represents a 15.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 63,643 shares of company stock worth $4,966,433 over the last quarter. 0.67% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Mizuho reduced their price target on shares of Entegris from $108.00 to $96.00 and set an “outperform” rating on the stock in a research note on Thursday, November 20th. Weiss Ratings restated a “hold (c-)” rating on shares of Entegris in a research report on Monday, December 1st. Oppenheimer started coverage on Entegris in a research note on Thursday, September 4th. They issued a “market perform” rating and a $95.00 price target for the company. Zacks Research lowered Entegris from a “hold” rating to a “strong sell” rating in a research report on Monday, November 3rd. Finally, Wall Street Zen upgraded Entegris from a “sell” rating to a “hold” rating in a research report on Friday, October 3rd. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $95.86.

Entegris Stock Performance

ENTG stock opened at $92.55 on Friday. Entegris, Inc. has a 1-year low of $60.75 and a 1-year high of $112.36. The company has a current ratio of 3.44, a quick ratio of 2.13 and a debt-to-equity ratio of 0.99. The stock has a 50-day moving average price of $86.30 and a 200-day moving average price of $84.21. The firm has a market cap of $14.03 billion, a PE ratio of 48.97 and a beta of 1.32.

Entegris (NASDAQ:ENTG) last released its earnings results on Wednesday, July 6th. The semiconductor company reported $0.70 EPS for the quarter. Entegris had a return on equity of 11.61% and a net margin of 8.95%.The business had revenue of $512.84 million during the quarter. As a group, equities research analysts expect that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 19th. Investors of record on Wednesday, October 29th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Wednesday, October 29th. Entegris’s payout ratio is presently 21.16%.

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).