Ameriprise Financial Inc. Increases Position in Entegris, Inc. (NASDAQ:ENTG)

Ameriprise Financial Inc. grew its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 16.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,199,161 shares of the semiconductor company’s stock after acquiring an additional 312,042 shares during the period. Ameriprise Financial Inc.’s holdings in Entegris were worth $217,850,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV raised its stake in Entegris by 32.2% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 9,837 shares of the semiconductor company’s stock valued at $974,000 after buying an additional 2,394 shares during the last quarter. Parvin Asset Management LLC bought a new position in shares of Entegris during the fourth quarter valued at $69,000. Rehmann Capital Advisory Group raised its position in shares of Entegris by 8.3% in the 4th quarter. Rehmann Capital Advisory Group now owns 2,768 shares of the semiconductor company’s stock worth $274,000 after purchasing an additional 213 shares during the last quarter. Comerica Bank boosted its stake in Entegris by 3.8% in the 4th quarter. Comerica Bank now owns 16,323 shares of the semiconductor company’s stock worth $1,617,000 after purchasing an additional 597 shares in the last quarter. Finally, Gallo Partners LP purchased a new stake in Entegris during the 4th quarter valued at about $2,337,000.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ENTG. Mizuho decreased their target price on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Needham & Company LLC reiterated a “buy” rating and issued a $120.00 price objective on shares of Entegris in a report on Friday, February 7th. KeyCorp lowered their price objective on shares of Entegris from $141.00 to $130.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. UBS Group cut their target price on shares of Entegris from $115.00 to $90.00 and set a “neutral” rating for the company in a research report on Tuesday, April 29th. Finally, StockNews.com cut Entegris from a “hold” rating to a “sell” rating in a report on Saturday, April 19th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $120.38.

Insider Buying and Selling at Entegris

In related news, SVP Clinton M. Haris sold 12,652 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $106.92, for a total transaction of $1,352,751.84. Following the sale, the senior vice president now owns 34,820 shares of the company’s stock, valued at $3,722,954.40. This represents a 26.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Olivier Blachier sold 984 shares of Entegris stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 10,903 shares of the company’s stock, valued at $1,177,524. The trade was a 8.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by company insiders.

Entegris Trading Up 0.6 %

Shares of ENTG opened at $83.89 on Tuesday. Entegris, Inc. has a 1 year low of $60.75 and a 1 year high of $147.57. The company has a 50 day simple moving average of $84.62 and a two-hundred day simple moving average of $97.24. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.08 and a quick ratio of 1.86. The firm has a market cap of $12.69 billion, a P/E ratio of 43.47, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33.

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 net margin of 9.03% and a return on equity of 12.83%. On average, equities analysts expect that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 21st. Investors of record on Wednesday, April 30th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend is Wednesday, April 30th. Entegris’s payout ratio is presently 20.73%.

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).