Fulcrum Equity Management Purchases New Stake in Entegris, Inc. (NASDAQ:ENTG)


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Fulcrum Equity Management purchased a new stake in Entegris, Inc. (NASDAQ:ENTG) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 18,782 shares of the semiconductor company’s stock, valued at approximately $2,100,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in Entegris during the 4th quarter worth $125,473,000. Select Equity Group L.P. increased its position in Entegris by 22.3% during the 4th quarter. Select Equity Group L.P. now owns 6,386,560 shares of the semiconductor company’s stock worth $613,748,000 after buying an additional 1,163,703 shares during the period. Congress Asset Management Co. MA increased its position in Entegris by 92.4% during the 4th quarter. Congress Asset Management Co. MA now owns 1,419,383 shares of the semiconductor company’s stock worth $136,403,000 after buying an additional 681,533 shares during the period. Thornburg Investment Management Inc. bought a new position in Entegris during the 4th quarter worth $26,161,000. Finally, BlackRock Inc. increased its position in Entegris by 2.0% during the 4th quarter. BlackRock Inc. now owns 12,205,755 shares of the semiconductor company’s stock worth $1,172,975,000 after buying an additional 240,561 shares during the period. Institutional investors and hedge funds own 98.40% of the company’s stock.

Several research analysts have weighed in on ENTG shares. The Goldman Sachs Group reiterated a “buy” rating and set a $116.00 price objective (up previously from $102.00) on shares of Entegris in a research report on Monday, January 18th. Zacks Investment Research upgraded Entegris from a “hold” rating to a “buy” rating and set a $125.00 price objective on the stock in a research report on Thursday, April 1st. Citigroup increased their target price on Entegris from $92.00 to $135.00 in a report on Monday, January 25th. Finally, Craig Hallum increased their target price on Entegris from $66.00 to $100.00 and gave the stock a “hold” rating in a report on Wednesday, February 3rd. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $103.20.

NASDAQ:ENTG traded up $3.30 during trading hours on Thursday, hitting $121.93. The company’s stock had a trading volume of 4,536 shares, compared to its average volume of 962,963. The stock has a fifty day simple moving average of $106.10 and a 200-day simple moving average of $94.40. The company has a market capitalization of $16.49 billion, a P/E ratio of 60.84 and a beta of 1.33. The company has a debt-to-equity ratio of 0.83, a current ratio of 4.63 and a quick ratio of 3.30. Entegris, Inc. has a twelve month low of $46.93 and a twelve month high of $126.41.

Entegris (NASDAQ:ENTG) last released its quarterly earnings data on Monday, February 1st. The semiconductor company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.05. Entegris had a return on equity of 26.54% and a net margin of 15.03%. The business had revenue of $518.00 million for the quarter, compared to analyst estimates of $489.38 million. During the same period last year, the firm posted $0.55 earnings per share. Entegris’s revenue was up 21.3% compared to the same quarter last year. On average, equities analysts predict that Entegris, Inc. will post 2.48 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 17th. Stockholders of record on Wednesday, January 27th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, January 26th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.26%. Entegris’s dividend payout ratio (DPR) is 16.58%.

In other news, Director Paul L. H. Olson sold 1,000 shares of the firm’s stock in a transaction dated Monday, March 15th. The stock was sold at an average price of $103.40, for a total transaction of $103,400.00. Following the completion of the transaction, the director now directly owns 31,140 shares in the company, valued at $3,219,876. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Bertrand Loy sold 300,444 shares of the firm’s stock in a transaction dated Monday, April 5th. The stock was sold at an average price of $120.69, for a total value of $36,260,586.36. Following the transaction, the chief executive officer now owns 640,898 shares of the company’s stock, valued at $77,349,979.62. The disclosure for this sale can be found here. Insiders have sold 303,044 shares of company stock valued at $36,561,890 over the last 90 days. 1.70% of the stock is owned by corporate insiders.

Entegris Company Profile

Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries in North America, Taiwan, South Korea, Japan, China, Europe, and Southeast Asia.

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Institutional Ownership by Quarter for Entegris (NASDAQ:ENTG)

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