Callahan Advisors LLC Has $2.78 Million Stake in Entegris, Inc. (NASDAQ:ENTG)

Callahan Advisors LLC lifted its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 35.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,043 shares of the semiconductor company’s stock after acquiring an additional 7,364 shares during the quarter. Callahan Advisors LLC’s holdings in Entegris were worth $2,778,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Capital Performance Advisors LLP acquired a new stake in shares of Entegris during the 3rd quarter valued at $29,000. Blue Trust Inc. raised its position in Entegris by 221.3% during the 3rd quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 239 shares during the last quarter. Fortitude Family Office LLC raised its position in Entegris by 195.7% during the 4th quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 274 shares during the last quarter. Covestor Ltd raised its position in Entegris by 241.8% during the 3rd quarter. Covestor Ltd now owns 417 shares of the semiconductor company’s stock worth $47,000 after purchasing an additional 295 shares during the last quarter. Finally, Huntington National Bank raised its position in Entegris by 41.0% during the 3rd 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.

Entegris Price Performance

Shares of NASDAQ ENTG opened at $107.12 on Tuesday. Entegris, Inc. has a twelve month low of $94.92 and a twelve month high of $147.57. The stock’s 50 day moving average price is $103.13 and its 200-day moving average price is $106.26. The company has a market capitalization of $16.18 billion, a PE ratio of 55.50, a PEG ratio of 1.49 and a beta of 1.24. The company has a quick ratio of 1.83, a current ratio of 2.92 and a debt-to-equity ratio of 1.14.

Entegris (NASDAQ:ENTG) last announced its earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share 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%. On average, equities analysts anticipate that Entegris, Inc. will post 3.63 EPS for the current year.

Entegris Announces Dividend

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

Analysts Set New Price Targets

ENTG has been the subject of several analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $120.00 target price on shares of Entegris in a research report on Friday, February 7th. BMO Capital Markets lowered their price objective on Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. KeyCorp lowered their price objective on Entegris from $150.00 to $141.00 and set an “overweight” rating for the company in a research report on Friday, February 7th. Citigroup lowered their price objective on Entegris from $130.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Finally, UBS Group lowered their price objective on Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $128.78.

Insider Transactions at Entegris

In related news, SVP Clinton M. Haris sold 12,652 shares of Entegris stock in a transaction that occurred on Monday, February 10th. The shares were 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. The trade was a 26.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.67% of the company’s stock.

Entegris Company 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).