Westfield Capital Management Co. LP Makes New Investment in Entegris, Inc. $ENTG

Westfield Capital Management Co. LP purchased a new position in Entegris, Inc. (NASDAQ:ENTG) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 545,688 shares of the semiconductor company’s stock, valued at approximately $44,010,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Alpine Bank Wealth Management raised its position in shares of Entegris by 73.7% during the 2nd quarter. Alpine Bank Wealth Management now owns 311 shares of the semiconductor company’s stock worth $25,000 after buying an additional 132 shares in the last quarter. Costello Asset Management INC bought a new stake in Entegris during the first quarter worth approximately $26,000. Rise Advisors LLC bought a new stake in Entegris during the first quarter worth approximately $26,000. Summit Securities Group LLC acquired a new stake in Entegris in the first quarter worth approximately $36,000. Finally, SVB Wealth LLC bought a new stake in shares of Entegris in the 1st quarter worth $43,000.

Analyst Ratings Changes

ENTG has been the subject of a number of research analyst reports. Mizuho cut their price target on shares of Entegris from $108.00 to $96.00 and set an “outperform” rating for the company in a report on Thursday. KeyCorp reissued an “overweight” rating and set a $103.00 target price (down from $112.00) on shares of Entegris in a research note on Thursday, July 31st. Weiss Ratings restated a “hold (c)” rating on shares of Entegris in a research report on Thursday, November 13th. UBS Group dropped their price target on Entegris from $95.00 to $90.00 and set a “neutral” rating on the stock in a report on Thursday, July 31st. Finally, Zacks Research lowered Entegris from a “hold” rating to a “strong sell” rating in a research note on Monday, November 3rd. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $95.86.

Insider Activity at Entegris

In related news, SVP Olivier Blachier sold 488 shares of the stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $77.43, for a total value of $37,785.84. Following the transaction, the senior vice president owned 14,124 shares in the company, valued at approximately $1,093,621.32. This represents a 3.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Joseph Colella sold 3,577 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at approximately $3,038,121.24. The trade was a 9.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.67% of the company’s stock.

Entegris Stock Down 6.7%

Entegris stock opened at $68.80 on Friday. Entegris, Inc. has a twelve month low of $60.75 and a twelve month high of $112.36. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.95 and a current ratio of 3.30. The firm has a market cap of $10.43 billion, a PE ratio of 35.46 and a beta of 1.39. The firm’s 50 day moving average price is $89.57 and its two-hundred day moving average price is $83.60.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings data on Wednesday, July 6th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter. The business had revenue of $512.84 million during the quarter. Entegris had a return on equity of 12.05% and a net margin of 9.17%. On average, research analysts predict that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 19th. Stockholders of record on Wednesday, October 29th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Wednesday, October 29th. Entegris’s payout ratio is currently 21.16%.

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).