Entegris, Inc. (NASDAQ:ENTG) Shares Sold by KBC Group NV

KBC Group NV reduced its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 4.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,038 shares of the semiconductor company’s stock after selling 1,233 shares during the period. KBC Group NV’s holdings in Entegris were worth $2,381,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. boosted its position in shares of Entegris by 121.3% in the 4th quarter. Blue Trust Inc. now owns 768 shares of the semiconductor company’s stock valued at $76,000 after purchasing an additional 421 shares during the period. Fenimore Asset Management Inc boosted its position in shares of Entegris by 1.2% in the 4th quarter. Fenimore Asset Management Inc now owns 505,182 shares of the semiconductor company’s stock valued at $50,043,000 after purchasing an additional 5,885 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of Entegris by 8.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 11,159 shares of the semiconductor company’s stock valued at $1,105,000 after purchasing an additional 868 shares during the period. Guinness Asset Management LTD boosted its position in shares of Entegris by 24.6% in the 4th quarter. Guinness Asset Management LTD now owns 5,079 shares of the semiconductor company’s stock valued at $503,000 after purchasing an additional 1,002 shares during the period. Finally, Diversify Wealth Management LLC boosted its position in shares of Entegris by 32.2% in the 4th quarter. Diversify Wealth Management LLC now owns 6,516 shares of the semiconductor company’s stock valued at $645,000 after purchasing an additional 1,586 shares during the period.

Entegris Stock Down 0.2 %

Shares of Entegris stock opened at $101.54 on Friday. The firm has a market cap of $15.33 billion, a price-to-earnings ratio of 67.25, a P/E/G ratio of 1.33 and a beta of 1.24. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.92 and a quick ratio of 1.83. Entegris, Inc. has a 52-week low of $94.92 and a 52-week high of $147.57. The stock has a 50-day simple moving average of $103.52 and a 200-day simple moving average of $107.93.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.01). The firm had revenue of $807.70 million for the quarter, compared to analyst estimates of $832.44 million. Entegris had a net margin of 7.13% and a return on equity of 12.24%. The firm’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.68 earnings per share. On average, equities research analysts expect that Entegris, Inc. will post 2.94 earnings per share for the current fiscal year.

Entegris Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date of this dividend is Wednesday, January 29th. Entegris’s payout ratio is 26.49%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Craig Hallum decreased their price target on Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft decreased their price objective on Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. BMO Capital Markets decreased their price objective on Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. KeyCorp decreased their price objective on Entegris from $154.00 to $150.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. Finally, UBS Group decreased their price objective on Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $134.50.

About Entegris

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).