Channing Capital Management LLC Has $11.06 Million Stake in Entegris, Inc. (NASDAQ:ENTG)

Channing Capital Management LLC increased its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 8.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 92,318 shares of the semiconductor company’s stock after purchasing an additional 6,967 shares during the period. Channing Capital Management LLC’s holdings in Entegris were worth $11,062,000 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 the company. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Entegris during the fourth quarter worth approximately $35,000. Quent Capital LLC boosted its stake in shares of Entegris by 59.1% in the fourth quarter. Quent Capital LLC now owns 366 shares of the semiconductor company’s stock valued at $44,000 after buying an additional 136 shares during the period. Arlington Trust Co LLC bought a new position in Entegris during the 4th quarter worth $46,000. GAMMA Investing LLC bought a new position in Entegris during the 4th quarter worth $101,000. Finally, NBC Securities Inc. bought a new position in Entegris during the 3rd quarter worth $135,000.

Entegris Price Performance

Shares of NASDAQ:ENTG traded up $5.20 during trading on Friday, hitting $131.80. 1,600,512 shares of the company were exchanged, compared to its average volume of 1,376,751. Entegris, Inc. has a 1-year low of $72.96 and a 1-year high of $146.91. The company has a market capitalization of $19.87 billion, a P/E ratio of 63.37 and a beta of 1.31. The company has a quick ratio of 2.67, a current ratio of 3.35 and a debt-to-equity ratio of 1.22. The business’s 50 day moving average is $135.27 and its 200-day moving average is $119.44.

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

Entegris Announces Dividend

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

Insider Buying and Selling

In other news, CAO Michael Sauer sold 1,897 shares of Entegris stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $132.54, for a total transaction of $251,428.38. Following the transaction, the chief accounting officer now owns 1,779 shares in the company, valued at $235,788.66. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CAO Michael Sauer sold 1,897 shares of the 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 completion of the sale, the chief accounting officer now owns 1,779 shares of the company’s stock, valued at $235,788.66. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Michael Besnard sold 12,667 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $135.78, for a total value of $1,719,925.26. Following the transaction, the senior vice president now owns 10,213 shares of the company’s stock, valued at $1,386,721.14. The disclosure for this sale can be found here. Insiders have sold a total of 41,082 shares of company stock worth $5,606,849 in the last ninety days. Company insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ENTG. BMO Capital Markets upped their target price on Entegris from $130.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. KeyCorp raised their target price on shares of Entegris from $136.00 to $164.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. Wolfe Research initiated coverage on shares of Entegris in a report on Friday, March 1st. They set an “outperform” rating and a $160.00 price target for the company. UBS Group increased their price target on shares of Entegris from $90.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Finally, Citigroup boosted their price objective on shares of Entegris from $117.00 to $134.00 and gave the company a “neutral” rating in a research report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $141.91.

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).