Clifford Swan Investment Counsel LLC Has $10.68 Million Position in Entegris, Inc. (NASDAQ:ENTG)

Clifford Swan Investment Counsel LLC increased its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 24.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 107,838 shares of the semiconductor company’s stock after acquiring an additional 21,027 shares during the period. Clifford Swan Investment Counsel LLC owned about 0.07% of Entegris worth $10,682,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in ENTG. Bridges Investment Management Inc. boosted its holdings in shares of Entegris by 3.6% in the 3rd quarter. Bridges Investment Management Inc. now owns 2,829 shares of the semiconductor company’s stock valued at $318,000 after purchasing an additional 98 shares in the last quarter. Angeles Investment Advisors LLC boosted its stake in Entegris by 4.1% in the third quarter. Angeles Investment Advisors LLC now owns 3,230 shares of the semiconductor company’s stock valued at $363,000 after buying an additional 127 shares in the last quarter. Huntington National Bank boosted its stake in Entegris by 41.0% in the third quarter. Huntington National Bank now owns 454 shares of the semiconductor company’s stock valued at $51,000 after buying an additional 132 shares in the last quarter. Metis Global Partners LLC grew its position in Entegris by 7.1% in the fourth quarter. Metis Global Partners LLC now owns 2,049 shares of the semiconductor company’s stock valued at $203,000 after acquiring an additional 135 shares during the last quarter. Finally, Equitable Trust Co. raised its stake in Entegris by 2.2% during the third quarter. Equitable Trust Co. now owns 6,501 shares of the semiconductor company’s stock worth $732,000 after acquiring an additional 138 shares in the last quarter.

Insiders Place Their Bets

In other news, SVP Olivier Blachier sold 984 shares of the stock in a transaction 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 completion of the sale, the senior vice president now directly owns 10,903 shares in the company, valued at $1,177,524. This represents a 8.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Clinton M. Haris sold 12,652 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $106.92, for a total transaction of $1,352,751.84. Following the completion of the transaction, the senior vice president now owns 34,820 shares in the company, valued at approximately $3,722,954.40. The trade was a 26.65 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ENTG. Citigroup reduced their price target on shares of Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. BMO Capital Markets cut their target price on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. KeyCorp lowered their price target on shares of Entegris from $150.00 to $141.00 and set an “overweight” rating for the company in a report on Friday, February 7th. Craig Hallum dropped their price target on Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Finally, UBS Group reduced their price objective on Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $124.88.

Entegris Stock Performance

Shares of Entegris stock opened at $101.22 on Friday. The stock has a market cap of $15.30 billion, a price-to-earnings ratio of 52.45, a P/E/G ratio of 1.50 and a beta of 1.24. Entegris, Inc. has a twelve month low of $94.92 and a twelve month high of $147.57. The company’s fifty day moving average is $102.89 and its 200 day moving average is $106.25. 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, beating analysts’ consensus estimates of $0.77 by $0.07. Entegris had a return on equity of 12.83% and a net margin of 9.03%. Sell-side analysts forecast that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date was Wednesday, January 29th. Entegris’s dividend payout ratio is presently 20.73%.

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).