Polar Asset Management Partners Inc. Has $15.25 Million Stock Holdings in Entegris, Inc. (NASDAQ:ENTG)

Polar Asset Management Partners Inc. lifted its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 192.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 153,900 shares of the semiconductor company’s stock after acquiring an additional 101,200 shares during the quarter. Polar Asset Management Partners Inc. owned approximately 0.10% of Entegris worth $15,245,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Entegris by 1.1% in 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 grew its position in shares of Entegris by 33.8% in 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 buying an additional 2,826,463 shares during the last quarter. Norges Bank bought a new stake in shares of Entegris in the 4th quarter valued at about $445,988,000. D1 Capital Partners L.P. grew its position in shares of Entegris by 329.4% in 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 buying an additional 2,111,801 shares during the last quarter. Finally, Cantillon Capital Management LLC grew its position in shares of Entegris by 12.6% in 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 buying an additional 291,893 shares during the last quarter.

Entegris Price Performance

NASDAQ ENTG opened at $81.78 on Thursday. The business’s fifty day moving average price is $81.88 and its 200-day moving average price is $96.20. The stock has a market capitalization of $12.38 billion, a price-to-earnings ratio of 42.37, a PEG ratio of 1.50 and a beta of 1.33. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.08 and a quick ratio of 1.86. Entegris, Inc. has a 1-year low of $60.75 and a 1-year high of $147.57.

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

Entegris Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Wednesday, April 30th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.49%. The ex-dividend date is Wednesday, April 30th. Entegris’s dividend payout ratio is presently 19.61%.

Insider Buying and Selling

In related news, SVP Olivier Blachier sold 984 shares of the company’s stock in a transaction 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 transaction, the senior vice president now directly owns 10,903 shares of the company’s stock, valued at $1,177,524. This represents a 8.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.67% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ENTG. UBS Group dropped their price objective on Entegris from $90.00 to $85.00 and set a “neutral” rating on the stock in a research note on Thursday, May 8th. Citigroup dropped their price objective on Entegris from $125.00 to $102.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. StockNews.com downgraded Entegris from a “hold” rating to a “sell” rating in a research note on Saturday, April 19th. Needham & Company LLC dropped their price objective on Entegris from $120.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. Finally, KeyCorp dropped their price objective on Entegris from $130.00 to $117.00 and set an “overweight” rating on the stock in a research note on Thursday, May 8th. 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 company’s stock. According to MarketBeat, Entegris currently has a consensus rating of “Moderate Buy” and an average target price of $113.00.

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).