Norges Bank Purchases Shares of 2,625,985 Entegris, Inc. $ENTG

Norges Bank acquired a new stake in shares of Entegris, Inc. (NASDAQ:ENTG) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 2,625,985 shares of the semiconductor company’s stock, valued at approximately $211,786,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Alpine Bank Wealth Management lifted its stake in Entegris by 73.7% during the second quarter. Alpine Bank Wealth Management now owns 311 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 132 shares during the last quarter. Costello Asset Management INC bought a new position in shares of Entegris in the first quarter valued at $26,000. Rise Advisors LLC acquired a new stake in shares of Entegris during the 1st quarter valued at $26,000. Summit Securities Group LLC bought a new stake in shares of Entegris during the 1st quarter worth $36,000. Finally, SVB Wealth LLC acquired a new position in shares of Entegris in the 1st quarter worth $43,000.

Entegris Price Performance

NASDAQ ENTG opened at $76.29 on Tuesday. The company has a 50 day simple moving average of $87.13 and a 200-day simple moving average of $83.37. The company has a debt-to-equity ratio of 1.04, a current ratio of 3.30 and a quick ratio of 1.95. The firm has a market capitalization of $11.57 billion, a price-to-earnings ratio of 39.32 and a beta of 1.39. Entegris, Inc. has a 52-week low of $60.75 and a 52-week high of $112.36.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings data on Wednesday, July 6th. The semiconductor company reported $0.70 EPS for the quarter. Entegris had a net margin of 9.17% and a return on equity of 12.05%. The firm had revenue of $512.84 million for the quarter. Equities research analysts predict that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 19th. Stockholders of record on Wednesday, October 29th were paid a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, October 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. Entegris’s dividend payout ratio is 21.16%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ENTG. Mizuho decreased their price target on Entegris from $108.00 to $96.00 and set an “outperform” rating for the company in a research report on Thursday, November 20th. Zacks Research lowered shares of Entegris from a “hold” rating to a “strong sell” rating in a research note on Monday, November 3rd. Wall Street Zen raised shares of Entegris from a “sell” rating to a “hold” rating in a research report on Friday, October 3rd. Oppenheimer began coverage on shares of Entegris in a report on Thursday, September 4th. They set a “market perform” rating and a $95.00 price target on the stock. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Entegris in a research note on Tuesday, November 25th. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Entegris presently has an average rating of “Hold” and an average target price of $95.86.

Insider Buying and Selling at Entegris

In other news, SVP Olivier Blachier sold 488 shares of the firm’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $77.43, for a total transaction of $37,785.84. Following the completion of the sale, the senior vice president directly owned 14,124 shares of the company’s stock, valued at $1,093,621.32. This trade represents a 3.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Joseph Colella sold 3,577 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $88.41, for a total value of $316,242.57. Following the completion of the sale, the senior vice president directly owned 34,364 shares of the company’s stock, valued at approximately $3,038,121.24. The trade was a 9.43% decrease in their position. The SEC filing for this sale provides additional information. 0.67% of the stock is currently owned by company 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).