ExodusPoint Capital Management LP Takes Position in Entegris, Inc. (NASDAQ:ENTG)

ExodusPoint Capital Management LP purchased a new position in shares of Entegris, Inc. (NASDAQ:ENTG) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 43,904 shares of the semiconductor company’s stock, valued at approximately $4,349,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. FMR LLC increased its position in shares of Entegris by 130.9% in the 3rd quarter. FMR LLC now owns 272,833 shares of the semiconductor company’s stock worth $30,702,000 after purchasing an additional 154,658 shares during the last quarter. Benjamin Edwards Inc. increased its holdings in Entegris by 33,412.5% in the third quarter. Benjamin Edwards Inc. now owns 2,681 shares of the semiconductor company’s stock valued at $302,000 after buying an additional 2,673 shares during the last quarter. Hilltop Holdings Inc. acquired a new stake in Entegris during the third quarter valued at approximately $250,000. Investment Management Corp of Ontario lifted its holdings in Entegris by 47.2% during the 3rd quarter. Investment Management Corp of Ontario now owns 4,988 shares of the semiconductor company’s stock worth $561,000 after buying an additional 1,600 shares during the last quarter. Finally, Quantinno Capital Management LP grew its position in shares of Entegris by 849.2% in the 3rd quarter. Quantinno Capital Management LP now owns 31,190 shares of the semiconductor company’s stock worth $3,510,000 after acquiring an additional 27,904 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Mizuho dropped their price target on Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. KeyCorp reduced their price target 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. StockNews.com raised shares of Entegris from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, 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. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.88.

Entegris Stock Performance

ENTG opened at $65.39 on Monday. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08. The business’s 50 day moving average is $98.67 and its 200-day moving average is $103.06. The stock has a market cap of $9.89 billion, a PE ratio of 33.88, a price-to-earnings-growth ratio of 1.50 and a beta of 1.36. Entegris, Inc. has a twelve month low of $60.50 and a twelve month high of $147.57.

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

Entegris Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend was Wednesday, January 29th. Entegris’s dividend payout ratio is currently 20.73%.

Insider Activity

In other Entegris news, SVP Olivier Blachier sold 984 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $108.00, for a total transaction of $106,272.00. Following the completion of the transaction, the senior vice president now directly owns 10,903 shares of the company’s stock, valued at approximately $1,177,524. This trade represents a 8.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Clinton M. Haris sold 12,652 shares of the business’s stock in a transaction on 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 completion of the sale, the senior vice president now directly owns 34,820 shares in the company, valued at $3,722,954.40. This represents a 26.65 % decrease in their position. The disclosure for this sale can be found here. 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).