Earnest Partners LLC decreased its holdings in Entegris Inc (NASDAQ:ENTG) by 14.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,823,902 shares of the semiconductor company’s stock after selling 801,446 shares during the quarter. Entegris accounts for approximately 1.4% of Earnest Partners LLC’s investment portfolio, making the stock its 12th biggest holding. Earnest Partners LLC owned 3.41% of Entegris worth $146,888,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Wolverine Trading LLC lifted its position in shares of Entegris by 149.6% during the 3rd quarter. Wolverine Trading LLC now owns 6,989 shares of the semiconductor company’s stock worth $202,000 after buying an additional 21,089 shares in the last quarter. CAPROCK Group Inc. bought a new stake in shares of Entegris in the 4th quarter worth approximately $220,000. Barings LLC bought a new stake in shares of Entegris in the 3rd quarter worth approximately $225,000. Welch & Forbes LLC bought a new stake in shares of Entegris in the 3rd quarter worth approximately $236,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Entegris by 50.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,016 shares of the semiconductor company’s stock worth $244,000 after purchasing an additional 2,692 shares during the period. 96.56% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms recently commented on ENTG. ValuEngine raised shares of Entegris from a “hold” rating to a “buy” rating in a report on Friday, March 2nd. Zacks Investment Research cut shares of Entegris from a “hold” rating to a “sell” rating in a report on Thursday, January 11th. Needham & Company LLC reiterated a “buy” rating and issued a $37.00 price objective (up from $35.00) on shares of Entegris in a research note on Wednesday, February 7th. Craig Hallum upgraded shares of Entegris from a “hold” rating to a “buy” rating in a research note on Tuesday, February 6th. Finally, Loop Capital reiterated a “buy” rating and issued a $40.00 price objective on shares of Entegris in a research note on Friday, December 1st. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $32.77.
Entegris (NASDAQ:ENTG) last released its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.04. Entegris had a net margin of 6.34% and a return on equity of 20.95%. The business had revenue of $350.56 million during the quarter, compared to analyst estimates of $340.68 million. equities analysts predict that Entegris Inc will post 1.75 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 21st. Investors of record on Wednesday, January 31st were paid a $0.07 dividend. The ex-dividend date was Tuesday, January 30th. This represents a $0.28 dividend on an annualized basis and a yield of 0.77%. Entegris’s dividend payout ratio is 23.73%.
In other news, Director Michael A. Bradley sold 15,754 shares of the business’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $34.80, for a total transaction of $548,239.20. Following the completion of the transaction, the director now directly owns 52,049 shares in the company, valued at approximately $1,811,305.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Corey Rucci sold 9,986 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $33.90, for a total transaction of $338,525.40. Following the transaction, the senior vice president now owns 21,065 shares of the company’s stock, valued at $714,103.50. The disclosure for this sale can be found here. Insiders have sold a total of 326,077 shares of company stock valued at $10,947,351 over the last 90 days. Company insiders own 1.50% of the company’s stock.
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).
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