Bank of America Corp DE Lowers Stock Holdings in Entegris, Inc. (NASDAQ:ENTG)

Bank of America Corp DE lowered its holdings in Entegris, Inc. (NASDAQ:ENTG) by 30.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,670,826 shares of the semiconductor company’s stock after selling 724,867 shares during the period. Bank of America Corp DE owned approximately 1.11% of Entegris worth $165,512,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ENTG. Vanguard Group Inc. lifted its position in shares of Entegris by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 15,202,146 shares of the semiconductor company’s stock worth $1,505,925,000 after purchasing an additional 169,180 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Entegris by 33.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 11,194,612 shares of the semiconductor company’s stock worth $1,108,940,000 after acquiring an additional 2,826,463 shares in the last quarter. Norges Bank purchased a new position in shares of Entegris in the 4th quarter valued at about $445,988,000. D1 Capital Partners L.P. lifted its stake in Entegris by 329.4% during the fourth quarter. D1 Capital Partners L.P. now owns 2,752,902 shares of the semiconductor company’s stock worth $272,702,000 after purchasing an additional 2,111,801 shares during the last quarter. Finally, Cantillon Capital Management LLC boosted its holdings in Entegris by 12.6% in the fourth quarter. Cantillon Capital Management LLC now owns 2,616,354 shares of the semiconductor company’s stock valued at $259,176,000 after purchasing an additional 291,893 shares in the last quarter.

Insiders Place Their Bets

In related news, SVP Clinton M. Haris sold 12,652 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $106.92, for a total value of $1,352,751.84. Following the sale, the senior vice president now directly owns 34,820 shares in the company, valued at $3,722,954.40. The trade was a 26.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Olivier Blachier sold 984 shares of Entegris stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $108.00, for a total value of $106,272.00. Following the transaction, the senior vice president now owns 10,903 shares of the company’s stock, valued at $1,177,524. This represents a 8.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have issued reports on ENTG. KeyCorp dropped their price objective on Entegris from $130.00 to $117.00 and set an “overweight” rating on the stock in a report on Thursday. UBS Group cut their price target on Entegris from $90.00 to $85.00 and set a “neutral” rating on the stock in a research report on Thursday. StockNews.com downgraded Entegris from a “hold” rating to a “sell” rating in a report on Saturday, April 19th. Citigroup reduced their price target on shares of Entegris from $125.00 to $102.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Needham & Company LLC lowered their price objective on shares of Entegris from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $113.00.

Entegris Trading Down 0.9 %

NASDAQ ENTG opened at $76.36 on Friday. Entegris, Inc. has a 52-week low of $60.75 and a 52-week high of $147.57. The firm has a 50-day moving average price of $83.04 and a 200 day moving average price of $96.64. The stock has a market capitalization of $11.55 billion, a P/E ratio of 39.56, a P/E/G ratio of 1.50 and a beta of 1.33. 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 announced its quarterly earnings data on Wednesday, May 7th. The semiconductor company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.02). The business had revenue of $773.20 million for the quarter, compared to analyst estimates of $790.75 million. Entegris had a return on equity of 12.83% and a net margin of 9.03%. The company’s revenue was up .3% on a year-over-year basis. During the same period in the prior year, the company earned $0.68 EPS. Equities research analysts expect that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 21st. Investors of record on Wednesday, April 30th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend is Wednesday, April 30th. Entegris’s dividend payout ratio is currently 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).