CIBC Asset Management Inc Boosts Holdings in Entegris, Inc. (NASDAQ:ENTG)

CIBC Asset Management Inc grew its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 13.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,125 shares of the semiconductor company’s stock after buying an additional 748 shares during the quarter. CIBC Asset Management Inc’s holdings in Entegris were worth $607,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Mountaineer Partners Management LLC raised its position in shares of Entegris by 16,255.1% during the 3rd quarter. Mountaineer Partners Management LLC now owns 11,044,594 shares of the semiconductor company’s stock valued at $1,242,848,000 after buying an additional 10,977,064 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Entegris by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,537,948 shares of the semiconductor company’s stock valued at $284,941,000 after buying an additional 49,846 shares in the last quarter. Swedbank AB raised its position in shares of Entegris by 47.7% during the 4th quarter. Swedbank AB now owns 1,550,942 shares of the semiconductor company’s stock valued at $153,636,000 after buying an additional 500,581 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of Entegris by 0.9% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,503,656 shares of the semiconductor company’s stock valued at $169,206,000 after buying an additional 12,913 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Entegris by 8.2% during the 4th quarter. Principal Financial Group Inc. now owns 1,493,201 shares of the semiconductor company’s stock valued at $147,917,000 after buying an additional 113,238 shares in the last quarter.

Insider Activity

In other news, SVP Clinton M. Haris sold 12,652 shares of Entegris stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $106.92, for a total transaction 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.67% of the company’s stock.

Entegris Price Performance

Shares of Entegris stock opened at $104.09 on Friday. The firm has a market cap of $15.73 billion, a PE ratio of 53.93, a price-to-earnings-growth ratio of 1.50 and a beta of 1.24. Entegris, Inc. has a 12-month low of $94.92 and a 12-month high of $147.57. The company has a quick ratio of 1.86, a current ratio of 3.08 and a debt-to-equity ratio of 1.08. The company’s fifty day simple moving average is $103.09 and its two-hundred day simple moving average is $106.36.

Entegris (NASDAQ:ENTG) last announced its earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.07. Entegris had a net margin of 9.03% and a return on equity of 12.83%. As a group, equities analysts expect that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date was Wednesday, January 29th. Entegris’s payout ratio is 20.73%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on ENTG shares. StockNews.com upgraded shares of Entegris from a “sell” rating to a “hold” rating in a research report on Wednesday. UBS Group decreased their target price on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. 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. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Finally, Citigroup decreased their target price on shares of Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Entegris has an average rating of “Moderate Buy” and an average price target of $128.78.

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).