FIL Ltd Sells 93,652 Shares of Entegris, Inc. (NASDAQ:ENTG)

FIL Ltd reduced its position in Entegris, Inc. (NASDAQ:ENTG) by 17.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 451,606 shares of the semiconductor company’s stock after selling 93,652 shares during the period. FIL Ltd’s holdings in Entegris were worth $44,736,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Fortitude Family Office LLC lifted its stake in shares of Entegris by 195.7% in the fourth quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock valued at $41,000 after buying an additional 274 shares in the last quarter. Promus Capital LLC acquired a new position in Entegris during the 4th quarter valued at about $71,000. Eagle Bay Advisors LLC increased its holdings in Entegris by 4,375.0% during the 4th quarter. Eagle Bay Advisors LLC now owns 716 shares of the semiconductor company’s stock worth $71,000 after purchasing an additional 700 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Entegris by 27.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 731 shares of the semiconductor company’s stock worth $73,000 after purchasing an additional 158 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Entegris by 121.3% in the fourth quarter. Blue Trust Inc. now owns 768 shares of the semiconductor company’s stock valued at $76,000 after purchasing an additional 421 shares in the last quarter.

Analyst Ratings Changes

ENTG has been the subject of a number of analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $120.00 price target on shares of Entegris in a research report on Friday, February 7th. KeyCorp reduced their price objective on shares of Entegris from $150.00 to $141.00 and set an “overweight” rating for the company in a research report on Friday, February 7th. StockNews.com cut shares of Entegris from a “hold” rating to a “sell” rating in a research report on Friday. Finally, Mizuho reduced their target price on Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $124.88.

Insider Buying and Selling

In related news, SVP Clinton M. Haris sold 12,652 shares of the business’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 completion of the transaction, the senior vice president now owns 34,820 shares of the company’s stock, valued at approximately $3,722,954.40. The trade was a 26.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Olivier Blachier sold 984 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was 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 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 disclosure for this sale can be found here. 0.67% of the stock is owned by insiders.

Entegris Trading Down 12.2 %

Shares of ENTG stock opened at $68.90 on Friday. The company has a 50 day moving average of $95.11 and a 200-day moving average of $101.42. Entegris, Inc. has a 12-month low of $60.75 and a 12-month high of $147.57. The firm has a market cap of $10.43 billion, a P/E ratio of 35.70, a PEG ratio of 1.50 and a beta of 1.36. 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 issued 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 anticipate that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend was Wednesday, January 29th. Entegris’s dividend payout ratio (DPR) is currently 20.73%.

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).