Zurcher Kantonalbank Zurich Cantonalbank Buys 24,887 Shares of Entegris, Inc. (NASDAQ:ENTG)

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Entegris, Inc. (NASDAQ:ENTG) by 38.4% in the fourth quarter, HoldingsChannel reports. The fund owned 89,653 shares of the semiconductor company’s stock after purchasing an additional 24,887 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Entegris were worth $10,742,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Main Street Research LLC bought a new stake in shares of Entegris in the 4th quarter valued at about $216,000. Strs Ohio lifted its holdings in Entegris by 8.6% in the 4th quarter. Strs Ohio now owns 88,956 shares of the semiconductor company’s stock worth $10,658,000 after buying an additional 7,064 shares during the period. Mn Services Vermogensbeheer B.V. lifted its holdings in Entegris by 0.7% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 71,800 shares of the semiconductor company’s stock worth $8,603,000 after buying an additional 500 shares during the period. WCM Investment Management LLC lifted its holdings in Entegris by 0.4% in the 4th quarter. WCM Investment Management LLC now owns 5,173,163 shares of the semiconductor company’s stock worth $628,177,000 after buying an additional 22,249 shares during the period. Finally, NewEdge Wealth LLC purchased a new stake in Entegris in the 4th quarter worth approximately $502,000.

Entegris Price Performance

Shares of NASDAQ:ENTG opened at $122.20 on Friday. The company has a quick ratio of 2.67, a current ratio of 3.85 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $18.42 billion, a PE ratio of 102.69 and a beta of 1.32. The firm’s 50 day moving average price is $136.04 and its 200-day moving average price is $116.96. Entegris, Inc. has a twelve month low of $69.37 and a twelve month high of $146.91.

Entegris (NASDAQ:ENTG) last released its quarterly earnings results on Tuesday, February 13th. The semiconductor company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.06. The business had revenue of $812.30 million for the quarter, compared to the consensus estimate of $780.95 million. Entegris had a net margin of 5.13% and a return on equity of 12.00%. The company’s quarterly revenue was down 14.1% on a year-over-year basis. During the same period last year, the firm earned $0.83 earnings per share. Equities research analysts expect that Entegris, Inc. will post 3.31 EPS for the current year.

Entegris Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 1st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $0.40 annualized dividend and a yield of 0.33%. Entegris’s dividend payout ratio (DPR) is presently 33.61%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Citigroup increased their price objective on Entegris from $117.00 to $134.00 and gave the stock a “neutral” rating in a report on Friday, February 16th. StockNews.com cut Entegris from a “hold” rating to a “sell” rating in a report on Thursday, February 22nd. BMO Capital Markets increased their price objective on Entegris from $130.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. Wolfe Research began coverage on Entegris in a research report on Friday, March 1st. They issued an “outperform” rating and a $160.00 target price for the company. Finally, KeyCorp raised their price objective on Entegris from $136.00 to $164.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Entegris currently has an average rating of “Moderate Buy” and an average price target of $141.64.

Insiders Place Their Bets

In other Entegris news, insider Daniel D. Woodland sold 9,000 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $139.50, for a total value of $1,255,500.00. Following the completion of the sale, the insider now owns 32,730 shares in the company, valued at approximately $4,565,835. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Entegris news, SVP Susan G. Rice sold 17,518 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $135.86, for a total value of $2,379,995.48. Following the sale, the senior vice president now owns 42,931 shares in the company, valued at approximately $5,832,605.66. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Daniel D. Woodland sold 9,000 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $139.50, for a total transaction of $1,255,500.00. Following the transaction, the insider now directly owns 32,730 shares of the company’s stock, valued at approximately $4,565,835. The disclosure for this sale can be found here. Insiders sold a total of 41,082 shares of company stock worth $5,606,849 over the last quarter. 0.67% of the stock is currently owned by corporate insiders.

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).