Amundi Lowers Position in Entegris, Inc. (NASDAQ:ENTG)

Amundi lowered its holdings in Entegris, Inc. (NASDAQ:ENTG) by 3.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 117,026 shares of the semiconductor company’s stock after selling 3,760 shares during the period. Amundi’s holdings in Entegris were worth $11,675,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ENTG. Janney Montgomery Scott LLC purchased a new stake in shares of Entegris in the 3rd quarter valued at about $1,158,000. Covestor Ltd raised its holdings in shares of Entegris by 241.8% in the 3rd quarter. Covestor Ltd now owns 417 shares of the semiconductor company’s stock valued at $47,000 after acquiring an additional 295 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Entegris by 2.3% in the 3rd quarter. Victory Capital Management Inc. now owns 76,625 shares of the semiconductor company’s stock valued at $8,623,000 after acquiring an additional 1,759 shares in the last quarter. KBC Group NV raised its holdings in shares of Entegris by 5.3% in the 3rd quarter. KBC Group NV now owns 25,271 shares of the semiconductor company’s stock valued at $2,843,000 after acquiring an additional 1,267 shares in the last quarter. Finally, Huntington National Bank raised its holdings in shares of Entegris by 41.0% in the 3rd quarter. Huntington National Bank now owns 454 shares of the semiconductor company’s stock valued at $51,000 after acquiring an additional 132 shares in the last quarter.

Entegris Price Performance

Shares of Entegris stock opened at $98.37 on Friday. The stock has a market capitalization of $14.87 billion, a P/E ratio of 50.97, a price-to-earnings-growth ratio of 1.50 and a beta of 1.32. Entegris, Inc. has a one year low of $92.84 and a one year high of $147.57. The business’s 50 day simple moving average is $102.34 and its two-hundred day simple moving average is $105.25. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.08 and a quick ratio of 1.86.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.07. Entegris had a return on equity of 12.83% and a net margin of 9.03%. Analysts forecast that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th were given a $0.10 dividend. The ex-dividend date was Wednesday, January 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.41%. Entegris’s dividend payout ratio is currently 20.73%.

Insider Transactions at Entegris

In related news, SVP Clinton M. Haris sold 12,652 shares of Entegris 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 sale, the senior vice president now directly 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 SEC, which is available through this hyperlink. Also, SVP Olivier Blachier sold 984 shares of Entegris stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $108.00, for a total value of $106,272.00. Following the sale, 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.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Mizuho decreased their price objective on Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. KeyCorp decreased their price objective on Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. StockNews.com raised Entegris from a “sell” rating to a “hold” rating in a report on Thursday. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 price target on shares of Entegris in a research note on Friday, February 7th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $124.88.

Entegris Company 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).