CANADA LIFE ASSURANCE Co Purchases 2,924 Shares of Entegris, Inc. (NASDAQ:ENTG)

CANADA LIFE ASSURANCE Co boosted its position in Entegris, Inc. (NASDAQ:ENTG) by 3.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 85,448 shares of the semiconductor company’s stock after acquiring an additional 2,924 shares during the quarter. CANADA LIFE ASSURANCE Co owned 0.06% of Entegris worth $8,456,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Entegris in the 4th quarter valued at $445,988,000. Raymond James Financial Inc. acquired a new stake in Entegris in the fourth quarter valued at about $91,869,000. Principal Financial Group Inc. grew its position in Entegris by 130.8% in the third quarter. Principal Financial Group Inc. now owns 1,379,963 shares of the semiconductor company’s stock valued at $155,287,000 after acquiring an additional 781,955 shares during the last quarter. James Hambro & Partners LLP acquired a new position in Entegris during the fourth quarter worth about $72,845,000. Finally, Wealthfront Advisers LLC bought a new position in shares of Entegris in the fourth quarter worth about $68,661,000.

Entegris Stock Performance

Shares of Entegris stock opened at $67.52 on Tuesday. The firm has a market capitalization of $10.22 billion, a P/E ratio of 34.98, a price-to-earnings-growth ratio of 1.50 and a beta of 1.36. Entegris, Inc. has a 12 month low of $60.75 and a 12 month high of $147.57. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08. The business’s fifty day simple moving average is $90.03 and its 200 day simple moving average is $99.23.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.84 EPS for the quarter, beating the consensus estimate 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 EPS for the current year.

Entegris Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Wednesday, April 30th will be issued a $0.10 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.59%. Entegris’s payout ratio is currently 20.73%.

Insider Activity at Entegris

In related news, SVP Olivier Blachier sold 984 shares of the business’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 value of $106,272.00. Following the completion of the sale, the senior vice president now owns 10,903 shares in the company, valued at $1,177,524. The trade was a 8.28 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 completion of the sale, the senior vice president now directly owns 34,820 shares of the company’s stock, valued at $3,722,954.40. This trade represents a 26.65 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on ENTG shares. StockNews.com cut shares of Entegris from a “hold” rating to a “sell” rating in a research report on Saturday. KeyCorp lowered their price target on shares of Entegris from $141.00 to $130.00 and set an “overweight” rating for the company in a report on Monday, April 14th. Mizuho reduced their price objective on Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 target price on shares of Entegris in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $123.50.

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).