Graham Capital Management L.P. Takes Position in Entegris, Inc. (NASDAQ:ENTG)

Graham Capital Management L.P. bought a new stake in shares of Entegris, Inc. (NASDAQ:ENTG) in the 4th quarter, HoldingsChannel.com reports. The firm bought 6,905 shares of the semiconductor company’s stock, valued at approximately $684,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Entegris by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 15,202,146 shares of the semiconductor company’s stock valued at $1,505,925,000 after buying an additional 169,180 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Entegris by 33.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 11,194,612 shares of the semiconductor company’s stock valued at $1,108,940,000 after acquiring an additional 2,826,463 shares in the last quarter. Norges Bank acquired a new stake in shares of Entegris during the 4th quarter valued at approximately $445,988,000. D1 Capital Partners L.P. raised its position in shares of Entegris by 329.4% during the 4th quarter. D1 Capital Partners L.P. now owns 2,752,902 shares of the semiconductor company’s stock valued at $272,702,000 after acquiring an additional 2,111,801 shares in the last quarter. Finally, Cantillon Capital Management LLC raised its position in shares of Entegris by 12.6% during the 4th quarter. Cantillon Capital Management LLC now owns 2,616,354 shares of the semiconductor company’s stock valued at $259,176,000 after acquiring an additional 291,893 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Needham & Company LLC dropped their price target on Entegris from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. UBS Group dropped their price target on Entegris from $90.00 to $85.00 and set a “neutral” rating on the stock in a research report on Thursday, May 8th. KeyCorp dropped their price target on Entegris from $130.00 to $117.00 and set an “overweight” rating on the stock in a research report on Thursday, May 8th. Citigroup dropped their price target on Entegris from $125.00 to $102.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. Finally, StockNews.com lowered Entegris from a “hold” rating to a “sell” rating in a research report on Saturday, April 19th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Entegris currently has an average rating of “Moderate Buy” and an average price target of $113.00.

Entegris Price Performance

Shares of NASDAQ ENTG opened at $81.78 on Thursday. Entegris, Inc. has a 1-year low of $60.75 and a 1-year high of $147.57. 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 business’s fifty day moving average price is $81.88 and its two-hundred day moving average price is $96.20. The firm has a market capitalization of $12.38 billion, a PE ratio of 42.37, a P/E/G ratio of 1.50 and a beta of 1.33.

Entegris (NASDAQ:ENTG) last issued its earnings results on Wednesday, May 7th. The semiconductor company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.02). Entegris had a return on equity of 12.83% and a net margin of 9.03%. The company had revenue of $773.20 million during the quarter, compared to analyst estimates of $790.75 million. During the same period in the prior year, the business earned $0.68 earnings per share. Entegris’s quarterly revenue was up .3% on a year-over-year basis. On average, research analysts expect that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Dividend Announcement

The firm 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 dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date is Wednesday, April 30th. Entegris’s dividend payout ratio (DPR) is 19.61%.

Insider Activity

In other news, SVP Olivier Blachier sold 984 shares of the firm’s 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 transaction, the senior vice president now directly owns 10,903 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.67% of the company’s stock.

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).