Sawgrass Asset Management LLC grew its holdings in shares of Entegris Inc (NASDAQ:ENTG) by 76.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 73,825 shares of the semiconductor company’s stock after purchasing an additional 32,060 shares during the period. Sawgrass Asset Management LLC’s holdings in Entegris were worth $2,248,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. CAPROCK Group Inc. bought a new position in shares of Entegris during the 4th quarter valued at about $220,000. Wolverine Trading LLC boosted its holdings in shares of Entegris by 149.6% in the third quarter. Wolverine Trading LLC now owns 6,989 shares of the semiconductor company’s stock worth $202,000 after buying an additional 21,089 shares during the period. Reliance Trust Co. of Delaware acquired a new position in shares of Entegris in the third quarter worth about $208,000. Barings LLC acquired a new position in shares of Entegris in the third quarter worth about $225,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Entegris by 50.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,016 shares of the semiconductor company’s stock worth $244,000 after buying an additional 2,692 shares during the period. Institutional investors own 95.59% of the company’s stock.
Entegris Inc (NASDAQ ENTG) opened at $33.65 on Wednesday. The company has a quick ratio of 2.95, a current ratio of 3.63 and a debt-to-equity ratio of 0.58. The company has a market cap of $4,664.72, a PE ratio of 22.95, a price-to-earnings-growth ratio of 1.68 and a beta of 1.51. Entegris Inc has a fifty-two week low of $20.85 and a fifty-two week high of $35.35.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 21st. Stockholders of record on Wednesday, January 31st will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend is Tuesday, January 30th. Entegris’s dividend payout ratio (DPR) is 23.73%.
ENTG has been the subject of several recent analyst reports. Loop Capital raised their target price on shares of Entegris from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Zacks Investment Research cut shares of Entegris from a “buy” rating to a “hold” rating in a report on Monday, January 1st. Seaport Global Securities initiated coverage on shares of Entegris in a report on Friday, December 15th. They issued a “buy” rating and a $37.00 target price for the company. Citigroup raised their target price on shares of Entegris from $29.00 to $34.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. Finally, Dougherty & Co raised their target price on shares of Entegris from $33.00 to $36.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $32.77.
In other news, Director Michael A. Bradley sold 5,000 shares of the stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $30.00, for a total value of $150,000.00. Following the completion of the sale, the director now directly owns 65,557 shares of the company’s stock, valued at $1,966,710. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul L. H. Olson sold 3,000 shares of the stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $30.21, for a total transaction of $90,630.00. Following the completion of the sale, the director now directly owns 45,364 shares of the company’s stock, valued at $1,370,446.44. The disclosure for this sale can be found here. 1.50% of the stock is owned by corporate insiders.
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Entegris Company Profile
Entegris, Inc is a global developer, manufacturer and supplier of microcontamination control products, specialty chemicals and materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries. The Company operates in three business segments: Specialty Chemicals and Engineered Materials (SCEM), Advanced Materials Handling (AMH) and Microcontamination Control (MC).
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