Entegris, Inc. (NASDAQ:ENTG) Stock Position Lifted by Hsbc Holdings PLC

Hsbc Holdings PLC grew its position in Entegris, Inc. (NASDAQ:ENTG) by 146.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 91,985 shares of the semiconductor company’s stock after buying an additional 54,703 shares during the period. Hsbc Holdings PLC’s holdings in Entegris were worth $9,096,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Corient Private Wealth LLC increased its stake in Entegris by 1.1% during the fourth quarter. Corient Private Wealth LLC now owns 11,862 shares of the semiconductor company’s stock valued at $1,175,000 after purchasing an additional 128 shares during the last quarter. Torray Investment Partners LLC boosted its holdings in shares of Entegris by 0.9% in the 4th quarter. Torray Investment Partners LLC now owns 15,266 shares of the semiconductor company’s stock valued at $1,512,000 after buying an additional 129 shares during the period. Metis Global Partners LLC grew its position in shares of Entegris by 7.1% during the 4th quarter. Metis Global Partners LLC now owns 2,049 shares of the semiconductor company’s stock valued at $203,000 after buying an additional 135 shares during the last quarter. HighPoint Advisor Group LLC raised its stake in Entegris by 4.3% during the fourth quarter. HighPoint Advisor Group LLC now owns 3,559 shares of the semiconductor company’s stock worth $376,000 after acquiring an additional 146 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its holdings in Entegris by 6.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 2,482 shares of the semiconductor company’s stock worth $246,000 after acquiring an additional 147 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ENTG shares. StockNews.com cut Entegris from a “hold” rating to a “sell” rating in a research report on Saturday, April 19th. KeyCorp cut their target price on Entegris from $141.00 to $130.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. Needham & Company LLC restated a “buy” rating and set a $120.00 price target on shares of Entegris in a research report on Friday, February 7th. Finally, Mizuho cut their price objective on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Entegris has a consensus rating of “Moderate Buy” and an average target price of $123.50.

Entegris Price Performance

Shares of NASDAQ ENTG opened at $80.73 on Monday. The stock has a market cap of $12.22 billion, a P/E ratio of 41.83, a P/E/G ratio of 1.50 and a beta of 1.36. The firm’s 50-day simple moving average is $87.46 and its 200 day simple moving average is $98.28. Entegris, Inc. has a fifty-two week low of $60.75 and a fifty-two week 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.

Entegris (NASDAQ:ENTG) last released its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.84 EPS for the quarter, topping 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%. Equities analysts expect that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Wednesday, April 30th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend is Wednesday, April 30th. Entegris’s payout ratio is currently 20.73%.

Insider Activity

In related news, SVP Clinton M. Haris sold 12,652 shares of the business’s 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 directly owns 34,820 shares in the company, valued at $3,722,954.40. The trade was a 26.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Olivier Blachier sold 984 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $108.00, for a total transaction of $106,272.00. Following the sale, the senior vice president now directly owns 10,903 shares of the company’s stock, valued at approximately $1,177,524. This represents a 8.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is owned by 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).