Clifford Swan Investment Counsel LLC Has $11.60 Million Position in Entegris, Inc. (NASDAQ:ENTG)

Clifford Swan Investment Counsel LLC increased its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 96,824 shares of the semiconductor company’s stock after purchasing an additional 399 shares during the period. Clifford Swan Investment Counsel LLC’s holdings in Entegris were worth $11,601,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in ENTG. Robeco Institutional Asset Management B.V. grew its stake in Entegris by 20.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 4,536 shares of the semiconductor company’s stock worth $426,000 after buying an additional 758 shares in the last quarter. Xponance Inc. raised its holdings in Entegris by 2.1% in the 3rd quarter. Xponance Inc. now owns 6,233 shares of the semiconductor company’s stock valued at $585,000 after buying an additional 129 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Entegris by 7.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 64,766 shares of the semiconductor company’s stock valued at $6,082,000 after buying an additional 4,255 shares during the last quarter. Strs Ohio raised its holdings in Entegris by 16.5% in the 3rd quarter. Strs Ohio now owns 81,892 shares of the semiconductor company’s stock valued at $7,690,000 after buying an additional 11,592 shares during the last quarter. Finally, Handelsinvest Investeringsforvaltning bought a new position in Entegris in the 3rd quarter valued at approximately $3,756,000.

Insiders Place Their Bets

In other Entegris news, SVP Susan G. Rice sold 17,518 shares of Entegris stock in a transaction on Friday, February 16th. The shares were sold at an average price of $135.86, for a total transaction of $2,379,995.48. Following the transaction, the senior vice president now directly owns 42,931 shares of the company’s stock, valued at approximately $5,832,605.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CAO Michael Sauer sold 1,897 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $132.54, for a total value of $251,428.38. Following the sale, the chief accounting officer now directly owns 1,779 shares in the company, valued at approximately $235,788.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Susan G. Rice sold 17,518 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $135.86, for a total value of $2,379,995.48. Following the completion of the sale, the senior vice president now owns 42,931 shares in the company, valued at $5,832,605.66. The disclosure for this sale can be found here. Insiders have sold 41,082 shares of company stock valued at $5,606,849 in the last three months. 0.67% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ENTG shares. Needham & Company LLC reiterated a “buy” rating and issued a $150.00 price objective on shares of Entegris in a report on Wednesday. Mizuho raised their price target on shares of Entegris from $140.00 to $143.00 and gave the stock a “neutral” rating in a report on Thursday. Citigroup raised their price target on shares of Entegris from $117.00 to $134.00 and gave the stock a “neutral” rating in a report on Friday, February 16th. BMO Capital Markets raised their price target on shares of Entegris from $130.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. Finally, UBS Group raised their price target on shares of Entegris from $90.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $141.91.

Entegris Trading Up 4.1 %

Shares of NASDAQ:ENTG traded up $5.20 during mid-day trading on Friday, hitting $131.80. The company had a trading volume of 1,600,512 shares, compared to its average volume of 1,376,751. The firm has a fifty day moving average price of $135.27 and a 200 day moving average price of $119.44. The company has a market capitalization of $19.87 billion, a PE ratio of 63.37 and a beta of 1.31. The company has a debt-to-equity ratio of 1.22, a current ratio of 3.35 and a quick ratio of 2.67. Entegris, Inc. has a one year low of $72.96 and a one year high of $146.91.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.07. Entegris had a net margin of 9.31% and a return on equity of 11.94%. The business had revenue of $771.03 million during the quarter, compared to the consensus estimate of $769.24 million. During the same quarter last year, the firm posted $0.65 EPS. Entegris’s revenue was down 16.4% compared to the same quarter last year. As a group, research analysts forecast that Entegris, Inc. will post 3.27 EPS for the current year.

Entegris Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 1st will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date is Tuesday, April 30th. Entegris’s dividend payout ratio is 19.23%.

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).