Invesco Ltd. Sells 177,310 Shares of Entegris, Inc. (NASDAQ:ENTG)

Invesco Ltd. lowered its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 39.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 266,581 shares of the semiconductor company’s stock after selling 177,310 shares during the quarter. Invesco Ltd.’s holdings in Entegris were worth $26,408,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fortitude Family Office LLC lifted its stake in Entegris by 195.7% during the fourth quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 274 shares during the last quarter. Promus Capital LLC bought a new stake in Entegris in the 4th quarter worth approximately $71,000. Eagle Bay Advisors LLC boosted its stake in Entegris by 4,375.0% in the fourth quarter. Eagle Bay Advisors LLC now owns 716 shares of the semiconductor company’s stock worth $71,000 after buying an additional 700 shares in the last quarter. Smartleaf Asset Management LLC grew its position in Entegris by 27.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 731 shares of the semiconductor company’s stock valued at $73,000 after acquiring an additional 158 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Entegris by 121.3% during the fourth quarter. Blue Trust Inc. now owns 768 shares of the semiconductor company’s stock worth $76,000 after acquiring an additional 421 shares in the last quarter.

Insider Buying and Selling at Entegris

In other Entegris news, SVP Olivier Blachier sold 984 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $108.00, for a total value of $106,272.00. Following the sale, the senior vice president now owns 10,903 shares in the company, valued at approximately $1,177,524. This represents a 8.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Clinton M. Haris sold 12,652 shares of the firm’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 34,820 shares of the company’s stock, valued at $3,722,954.40. This represents a 26.65 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.67% of the company’s stock.

Entegris Price Performance

Shares of ENTG stock opened at $68.73 on Friday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.86 and a current ratio of 3.08. The firm has a market cap of $10.40 billion, a P/E ratio of 35.61, a P/E/G ratio of 1.50 and a beta of 1.36. The business’s 50 day moving average price is $90.83 and its 200-day moving average price is $99.71. Entegris, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $147.57.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.07. Entegris had a net margin of 9.03% and a return on equity of 12.83%. On average, equities research analysts anticipate that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Wednesday, April 30th will be issued a $0.10 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $0.40 annualized dividend and a yield of 0.58%. Entegris’s dividend payout ratio (DPR) is presently 20.73%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. KeyCorp reduced their target price on shares of Entegris from $141.00 to $130.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. Mizuho reduced their price objective on Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. StockNews.com cut Entegris from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Needham & Company LLC restated a “buy” rating and set a $120.00 price target on shares of Entegris in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.50.

About Entegris

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).