Sei Investments Co. Cuts Position in Entegris, Inc. (NASDAQ:ENTG)

Sei Investments Co. lowered its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 0.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 515,471 shares of the semiconductor company’s stock after selling 4,200 shares during the period. Sei Investments Co.’s holdings in Entegris were worth $51,063,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ENTG. Synovus Financial Corp lifted its position in shares of Entegris by 102.3% during the 3rd quarter. Synovus Financial Corp now owns 38,253 shares of the semiconductor company’s stock valued at $4,305,000 after buying an additional 19,340 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Entegris by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,065,812 shares of the semiconductor company’s stock valued at $119,936,000 after purchasing an additional 14,650 shares in the last quarter. Swedbank AB grew its position in shares of Entegris by 47.7% in the fourth quarter. Swedbank AB now owns 1,550,942 shares of the semiconductor company’s stock valued at $153,636,000 after purchasing an additional 500,581 shares during the period. Argent Capital Management LLC increased its stake in shares of Entegris by 9.9% during the fourth quarter. Argent Capital Management LLC now owns 31,066 shares of the semiconductor company’s stock worth $3,077,000 after purchasing an additional 2,793 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its position in shares of Entegris by 14.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,060,378 shares of the semiconductor company’s stock worth $105,041,000 after purchasing an additional 137,046 shares during the last quarter.

Entegris Stock Down 2.7 %

Entegris stock opened at $96.35 on Monday. The firm has a market capitalization of $14.58 billion, a P/E ratio of 49.92, a P/E/G ratio of 1.50 and a beta of 1.32. The stock’s fifty day simple moving average is $102.24 and its 200-day simple moving average is $104.67. Entegris, Inc. has a twelve month low of $92.84 and a twelve month high of $147.57. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08.

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

Entegris Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th were issued a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.42%. Entegris’s payout ratio is 20.73%.

Insider Transactions at Entegris

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 stock was sold at an average price of $106.92, for a total transaction of $1,352,751.84. Following the completion of the sale, the senior vice president now owns 34,820 shares in the company, valued at $3,722,954.40. The trade was a 26.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Olivier Blachier sold 984 shares of the stock in a transaction that occurred 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 transaction, 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. Corporate insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on ENTG. KeyCorp cut their price objective on Entegris from $150.00 to $141.00 and set an “overweight” rating for the company in a research note on Friday, February 7th. Mizuho lowered their target price on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Needham & Company LLC reiterated a “buy” rating and issued a $120.00 target price on shares of Entegris in a research report on Friday, February 7th. Finally, StockNews.com upgraded shares of Entegris from a “sell” rating to a “hold” rating in a report on Thursday, March 13th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $124.88.

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).