Empowered Funds LLC Grows Position in Entegris, Inc. (NASDAQ:ENTG)

Empowered Funds LLC lifted its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 19.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,101 shares of the semiconductor company’s stock after buying an additional 3,816 shares during the period. Empowered Funds LLC’s holdings in Entegris were worth $2,288,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Bridges Investment Management Inc. boosted its position in Entegris by 3.6% in the third quarter. Bridges Investment Management Inc. now owns 2,829 shares of the semiconductor company’s stock worth $318,000 after purchasing an additional 98 shares during the last quarter. Angeles Investment Advisors LLC boosted its position in Entegris by 4.1% in the third quarter. Angeles Investment Advisors LLC now owns 3,230 shares of the semiconductor company’s stock worth $363,000 after purchasing an additional 127 shares during the last quarter. Huntington National Bank boosted its position in Entegris by 41.0% in the third quarter. Huntington National Bank now owns 454 shares of the semiconductor company’s stock worth $51,000 after purchasing an additional 132 shares during the last quarter. Equitable Trust Co. boosted its position in Entegris by 2.2% in the third quarter. Equitable Trust Co. now owns 6,501 shares of the semiconductor company’s stock worth $732,000 after purchasing an additional 138 shares during the last quarter. Finally, Arkadios Wealth Advisors raised its stake in shares of Entegris by 8.6% in the third quarter. Arkadios Wealth Advisors now owns 1,892 shares of the semiconductor company’s stock worth $213,000 after buying an additional 150 shares during the period.

Analyst Upgrades and Downgrades

ENTG has been the topic of several recent research reports. Citigroup decreased their price objective on Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft decreased their price objective on Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. UBS Group decreased their price objective on Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 price objective on shares of Entegris in a research note on Friday, February 7th. Finally, Mizuho decreased their price objective on Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $130.60.

Entegris Stock Performance

NASDAQ:ENTG opened at $107.12 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.92 and a quick ratio of 1.83. Entegris, Inc. has a 1 year low of $94.92 and a 1 year high of $147.57. The stock’s 50 day simple moving average is $103.20 and its two-hundred day simple moving average is $106.47. The company has a market cap of $16.17 billion, a price-to-earnings ratio of 55.50, a PEG ratio of 1.49 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.07. Entegris had a return on equity of 13.00% and a net margin of 9.03%. As a group, equities analysts anticipate that Entegris, Inc. will post 3.63 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date is Wednesday, January 29th. Entegris’s payout ratio is 20.73%.

Insiders Place Their Bets

In other Entegris news, SVP Clinton M. Haris sold 12,652 shares of Entegris stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $106.92, for a total value 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. The trade was a 26.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available 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).