Proficio Capital Partners LLC Makes New $42,000 Investment in Entegris, Inc. (NASDAQ:ENTG)

Proficio Capital Partners LLC bought a new stake in Entegris, Inc. (NASDAQ:ENTG) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 41,833 shares of the semiconductor company’s stock, valued at approximately $42,000.

Several other large investors have also modified their holdings of the stock. M&T Bank Corp increased its stake in Entegris by 10.0% in the 4th quarter. M&T Bank Corp now owns 60,728 shares of the semiconductor company’s stock valued at $6,015,000 after buying an additional 5,506 shares during the period. Atria Investments Inc increased its stake in shares of Entegris by 11.1% during the fourth quarter. Atria Investments Inc now owns 28,896 shares of the semiconductor company’s stock worth $2,862,000 after acquiring an additional 2,897 shares during the period. Torray Investment Partners LLC increased its stake in shares of Entegris by 0.9% during the fourth quarter. Torray Investment Partners LLC now owns 15,266 shares of the semiconductor company’s stock worth $1,512,000 after acquiring an additional 129 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Entegris by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,090,813 shares of the semiconductor company’s stock worth $108,056,000 after purchasing an additional 25,001 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its position in Entegris by 26.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,303 shares of the semiconductor company’s stock valued at $228,000 after purchasing an additional 484 shares during the period.

Entegris Stock Performance

Shares of ENTG stock opened at $88.74 on Friday. The stock has a fifty day moving average price of $101.34 and a 200 day moving average price of $104.22. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.86 and a current ratio of 3.08. The stock has a market cap of $13.43 billion, a PE ratio of 45.98, a P/E/G ratio of 1.50 and a beta of 1.32. Entegris, Inc. has a 1 year low of $87.72 and a 1 year high of $147.57.

Entegris (NASDAQ:ENTG) last released its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts forecast that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend was Wednesday, January 29th. Entegris’s dividend payout ratio (DPR) is presently 20.73%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. StockNews.com cut Entegris from a “hold” rating to a “sell” rating in a research report on Monday, March 24th. Mizuho dropped their price objective on Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Needham & Company LLC reissued a “buy” rating and issued a $120.00 target price on shares of Entegris in a report on Friday, February 7th. Finally, KeyCorp decreased their target price on shares of Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $124.88.

Insider Activity

In other 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 sale, the senior vice president now directly owns 10,903 shares in the company, valued at $1,177,524. This represents a 8.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Clinton M. Haris sold 12,652 shares of Entegris stock in a transaction dated 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 approximately $3,722,954.40. This represents a 26.65 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.67% of the company’s stock.

About Entegris

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).