Federated Hermes Inc. Sells 4,402 Shares of Entegris, Inc. (NASDAQ:ENTG)

Federated Hermes Inc. reduced its holdings in Entegris, Inc. (NASDAQ:ENTG) by 20.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 16,888 shares of the semiconductor company’s stock after selling 4,402 shares during the quarter. Federated Hermes Inc.’s holdings in Entegris were worth $2,024,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ENTG. Gates Capital Management Inc. increased its stake in shares of Entegris by 9,839.3% in the 3rd quarter. Gates Capital Management Inc. now owns 701,613 shares of the semiconductor company’s stock valued at $65,888,000 after acquiring an additional 694,554 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Entegris by 48.1% in the third quarter. Envestnet Asset Management Inc. now owns 988,601 shares of the semiconductor company’s stock worth $92,840,000 after purchasing an additional 321,146 shares during the period. Hawk Ridge Capital Management LP bought a new stake in Entegris in the third quarter valued at $18,275,000. Invesco Ltd. raised its holdings in shares of Entegris by 16.1% during the third quarter. Invesco Ltd. now owns 1,271,148 shares of the semiconductor company’s stock valued at $119,374,000 after purchasing an additional 176,029 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its position in shares of Entegris by 43.9% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 522,765 shares of the semiconductor company’s stock worth $62,832,000 after purchasing an additional 159,368 shares in the last quarter.

Analysts Set New Price Targets

A number of brokerages recently commented on ENTG. Needham & Company LLC reaffirmed a “buy” rating and issued a $150.00 target price on shares of Entegris in a research report on Thursday, March 7th. Wolfe Research assumed coverage on Entegris in a report on Friday, March 1st. They set an “outperform” rating and a $160.00 price objective for the company. BMO Capital Markets increased their target price on Entegris from $130.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. Mizuho reissued a “neutral” rating and issued a $140.00 price target on shares of Entegris in a research report on Tuesday, February 20th. Finally, The Goldman Sachs Group upped their price objective on shares of Entegris from $104.00 to $147.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $141.64.

Entegris Stock Performance

Shares of ENTG opened at $132.60 on Monday. The stock has a 50 day moving average of $135.75 and a 200 day moving average of $118.43. The company has a market capitalization of $19.99 billion, a price-to-earnings ratio of 111.43 and a beta of 1.32. Entegris, Inc. has a 12 month low of $71.16 and a 12 month high of $146.91. The company has a current ratio of 3.85, a quick ratio of 2.67 and a debt-to-equity ratio of 1.35.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Tuesday, February 13th. The semiconductor company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. The business had revenue of $812.30 million during the quarter, compared to the consensus estimate of $780.95 million. Entegris had a net margin of 5.13% and a return on equity of 12.00%. The firm’s quarterly revenue was down 14.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.83 earnings per share. As a group, sell-side analysts forecast that Entegris, Inc. will post 3.27 earnings per share for the current year.

Entegris Announces Dividend

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 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date of this dividend is Tuesday, April 30th. Entegris’s dividend payout ratio is currently 33.61%.

Insider Transactions at Entegris

In related news, insider Daniel D. Woodland sold 9,000 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $139.50, for a total transaction of $1,255,500.00. Following the sale, the insider now directly owns 32,730 shares in the company, valued at approximately $4,565,835. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Daniel D. Woodland sold 9,000 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $139.50, for a total transaction of $1,255,500.00. Following the sale, the insider now directly owns 32,730 shares in the company, valued at $4,565,835. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Michael Sauer sold 1,897 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $132.54, for a total transaction of $251,428.38. Following the completion of the sale, the chief accounting officer now directly owns 1,779 shares in the company, valued at $235,788.66. The disclosure for this sale can be found here. Insiders sold 41,082 shares of company stock worth $5,606,849 over the last quarter. Corporate insiders own 0.67% of the company’s stock.

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).