Signaturefd LLC Reduces Stake in Entegris, Inc. (NASDAQ:ENTG)

Signaturefd LLC lowered its position in Entegris, Inc. (NASDAQ:ENTG) by 13.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,302 shares of the semiconductor company’s stock after selling 199 shares during the period. Signaturefd LLC’s holdings in Entegris were worth $156,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of ENTG. Gates Capital Management Inc. boosted its position in Entegris by 9,839.3% in the third quarter. Gates Capital Management Inc. now owns 701,613 shares of the semiconductor company’s stock valued at $65,888,000 after buying an additional 694,554 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in Entegris by 48.1% in the third quarter. Envestnet Asset Management Inc. now owns 988,601 shares of the semiconductor company’s stock valued at $92,840,000 after buying an additional 321,146 shares during the last quarter. Hawk Ridge Capital Management LP purchased a new stake in Entegris in the third quarter valued at approximately $18,275,000. Invesco Ltd. lifted its holdings in Entegris by 16.1% in the third quarter. Invesco Ltd. now owns 1,271,148 shares of the semiconductor company’s stock valued at $119,374,000 after acquiring an additional 176,029 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its holdings in Entegris by 43.9% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 522,765 shares of the semiconductor company’s stock valued at $62,832,000 after acquiring an additional 159,368 shares during the period.

Entegris Trading Up 3.2 %

Shares of ENTG stock opened at $132.60 on Monday. The company has a debt-to-equity ratio of 1.35, a current ratio of 3.85 and a quick ratio of 2.67. The company has a market cap of $19.99 billion, a price-to-earnings ratio of 111.43 and a beta of 1.32. The stock has a 50 day simple moving average of $135.75 and a 200-day simple moving average of $118.43. Entegris, Inc. has a 1-year low of $71.16 and a 1-year high of $146.91.

Entegris (NASDAQ:ENTG) last announced its earnings results on Tuesday, February 13th. The semiconductor company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.06. Entegris had a return on equity of 12.00% and a net margin of 5.13%. The business had revenue of $812.30 million during the quarter, compared to the consensus estimate of $780.95 million. During the same period in the prior year, the company posted $0.83 EPS. The business’s quarterly revenue was down 14.1% on a year-over-year basis. On average, equities research analysts expect that Entegris, Inc. will post 3.27 EPS for the current fiscal year.

Entegris Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 1st will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.30%. The ex-dividend date is Tuesday, April 30th. Entegris’s dividend payout ratio is currently 33.61%.

Analysts Set New Price Targets

A number of research analysts have issued reports on ENTG shares. Wolfe Research started coverage on Entegris in a report on Friday, March 1st. They issued an “outperform” rating and a $160.00 price target for the company. Needham & Company LLC reissued a “buy” rating and issued a $150.00 price target on shares of Entegris in a report on Thursday, March 7th. Citigroup boosted their price target on Entegris from $117.00 to $134.00 and gave the company a “neutral” rating in a report on Friday, February 16th. BMO Capital Markets boosted their price target on Entegris from $130.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, February 16th. Finally, Craig Hallum raised Entegris from a “hold” rating to a “buy” rating and set a $150.00 price target for the company in a report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $141.64.

Insider Activity at Entegris

In related news, SVP Susan G. Rice sold 17,518 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $135.86, for a total value of $2,379,995.48. Following the completion of the transaction, the senior vice president now directly owns 42,931 shares of the company’s stock, valued at approximately $5,832,605.66. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, SVP Susan G. Rice sold 17,518 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $135.86, for a total value of $2,379,995.48. Following the completion of the transaction, the senior vice president now directly owns 42,931 shares of the company’s stock, valued at approximately $5,832,605.66. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Michael Sauer sold 1,897 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $132.54, for a total value of $251,428.38. Following the completion of the sale, the chief accounting officer now owns 1,779 shares of the company’s stock, valued at $235,788.66. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,082 shares of company stock valued at $5,606,849. 0.67% of the stock is owned by insiders.

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).