Swiss National Bank Reduces Stake in Entegris, Inc. (NASDAQ:ENTG)

Swiss National Bank cut its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 2.5% during the fourth quarter, HoldingsChannel reports. The firm owned 469,407 shares of the semiconductor company’s stock after selling 12,100 shares during the quarter. Swiss National Bank’s holdings in Entegris were worth $56,244,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Gates Capital Management Inc. lifted 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 worth $65,888,000 after buying an additional 694,554 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Entegris by 48.1% during 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 last quarter. Hawk Ridge Capital Management LP purchased a new stake in shares of Entegris during the third quarter valued at $18,275,000. Invesco Ltd. grew its holdings in shares of Entegris by 16.1% in the third quarter. Invesco Ltd. now owns 1,271,148 shares of the semiconductor company’s stock worth $119,374,000 after purchasing an additional 176,029 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale increased its stake in Entegris by 43.9% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 522,765 shares of the semiconductor company’s stock worth $62,832,000 after buying an additional 159,368 shares during the period.

Insider Buying and Selling at Entegris

In other news, SVP Susan G. Rice sold 17,518 shares of the business’s stock in a transaction dated 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 owns 42,931 shares of the company’s stock, valued at approximately $5,832,605.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CAO Michael Sauer sold 1,897 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $132.54, for a total value of $251,428.38. Following the completion of the transaction, the chief accounting officer now owns 1,779 shares of the company’s stock, valued at approximately $235,788.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Susan G. Rice sold 17,518 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now owns 42,931 shares in the company, valued at approximately $5,832,605.66. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,082 shares of company stock valued at $5,606,849. 0.67% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

ENTG has been the topic of a number of research analyst reports. Craig Hallum upgraded shares of Entegris from a “hold” rating to a “buy” rating and set a $150.00 target price on the stock in a research note on Thursday, February 15th. Needham & Company LLC restated a “buy” rating and set a $150.00 price objective on shares of Entegris in a report on Wednesday, May 1st. The Goldman Sachs Group upped their target price on Entegris from $104.00 to $147.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. StockNews.com lowered Entegris from a “hold” rating to a “sell” rating in a research note on Thursday, February 22nd. Finally, Mizuho upped their price objective on shares of Entegris from $140.00 to $143.00 and gave the stock a “neutral” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $141.91.

Entegris Stock Performance

Shares of Entegris stock opened at $131.80 on Monday. The company has a 50 day moving average price of $135.27 and a 200 day moving average price of $119.44. The firm has a market capitalization of $19.87 billion, a P/E ratio of 63.37 and a beta of 1.31. Entegris, Inc. has a 52 week low of $72.96 and a 52 week high of $146.91. The company has a quick ratio of 2.67, a current ratio of 3.35 and a debt-to-equity ratio of 1.22.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.07. The business had revenue of $771.03 million for the quarter, compared to the consensus estimate of $769.24 million. Entegris had a return on equity of 11.94% and a net margin of 9.31%. The company’s quarterly revenue was down 16.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.65 EPS. Sell-side analysts expect that Entegris, Inc. will post 3.27 EPS for the current year.

Entegris Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 1st will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, April 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.30%. Entegris’s dividend payout ratio is presently 19.23%.

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).