Mutual of America Capital Management LLC purchased a new stake in shares of Entegris Inc (NASDAQ:ENTG) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 98,952 shares of the semiconductor company’s stock, valued at approximately $3,013,000.
A number of other hedge funds also recently made changes to their positions in ENTG. CAPROCK Group Inc. purchased a new stake in shares of Entegris in the fourth quarter valued at approximately $220,000. Wolverine Trading LLC increased its position in shares of Entegris by 149.6% in the third quarter. Wolverine Trading LLC now owns 6,989 shares of the semiconductor company’s stock valued at $202,000 after buying an additional 21,089 shares in the last quarter. Reliance Trust Co. of Delaware purchased a new stake in shares of Entegris in the third quarter valued at approximately $208,000. Barings LLC purchased a new stake in shares of Entegris in the third quarter valued at approximately $225,000. Finally, Welch & Forbes LLC purchased a new stake in shares of Entegris in the third quarter valued at approximately $236,000. Institutional investors own 96.02% of the company’s stock.
A number of research firms have recently commented on ENTG. Needham & Company LLC restated a “buy” rating and issued a $37.00 price objective (up from $35.00) on shares of Entegris in a research report on Wednesday. Dougherty & Co boosted their price objective on Entegris from $36.00 to $37.50 and gave the company a “buy” rating in a research report on Wednesday. ValuEngine upgraded Entegris from a “hold” rating to a “buy” rating in a research report on Thursday. Zacks Investment Research upgraded Entegris from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Craig Hallum upgraded Entegris from a “hold” rating to a “buy” rating in a research report on Tuesday. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $32.86.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 21st. Stockholders of record on Wednesday, January 31st will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date is Tuesday, January 30th. Entegris’s dividend payout ratio is presently 23.73%.
In other Entegris news, Director Paul L. H. Olson sold 3,000 shares of the business’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $30.21, for a total transaction of $90,630.00. Following the transaction, the director now owns 45,364 shares of the company’s stock, valued at $1,370,446.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael A. Bradley sold 5,000 shares of the business’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $30.00, for a total value of $150,000.00. Following the transaction, the director now directly owns 65,557 shares in the company, valued at approximately $1,966,710. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.
TRADEMARK VIOLATION WARNING: This piece was published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this piece on another publication, it was illegally stolen and reposted in violation of US & international copyright and trademark legislation. The correct version of this piece can be read at https://sportsperspectives.com/2018/02/10/mutual-of-america-capital-management-llc-invests-3-01-million-in-entegris-inc-entg-stock.html.
Entegris Company Profile
Entegris, Inc is a global developer, manufacturer and supplier of microcontamination control products, specialty chemicals and materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries. The Company operates in three business segments: Specialty Chemicals and Engineered Materials (SCEM), Advanced Materials Handling (AMH) and Microcontamination Control (MC).
Want to see what other hedge funds are holding ENTG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Entegris Inc (NASDAQ:ENTG).
Receive News & Ratings for Entegris Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entegris and related companies with MarketBeat.com's FREE daily email newsletter.