Entegris, Inc. (NASDAQ:ENTG) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its holdings in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 67.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 231,850 shares of the semiconductor company's stock after selling 487,178 shares during the period. Allspring Global Investments Holdings LLC owned about 0.15% of Entegris worth $22,552,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mountaineer Partners Management LLC raised its stake in Entegris by 16,255.1% in the 3rd quarter. Mountaineer Partners Management LLC now owns 11,044,594 shares of the semiconductor company's stock valued at $1,242,848,000 after purchasing an additional 10,977,064 shares during the last quarter. Geode Capital Management LLC raised its stake in Entegris by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,537,948 shares of the semiconductor company's stock valued at $284,941,000 after purchasing an additional 49,846 shares during the last quarter. Swedbank AB raised its stake in Entegris by 47.7% in the 4th quarter. Swedbank AB now owns 1,550,942 shares of the semiconductor company's stock valued at $153,636,000 after purchasing an additional 500,581 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in Entegris by 0.9% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,503,656 shares of the semiconductor company's stock valued at $169,206,000 after purchasing an additional 12,913 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in Entegris by 130.8% in the 3rd quarter. Principal Financial Group Inc. now owns 1,379,963 shares of the semiconductor company's stock valued at $155,287,000 after purchasing an additional 781,955 shares during the last quarter.

Entegris Stock Up 0.5 %

Shares of ENTG traded up $0.54 during midday trading on Wednesday, hitting $107.99. The company had a trading volume of 1,362,735 shares, compared to its average volume of 2,316,147. The company's 50-day simple moving average is $103.16 and its 200-day simple moving average is $106.30. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.86 and a current ratio of 3.08. The firm has a market capitalization of $16.32 billion, a P/E ratio of 55.95, a P/E/G ratio of 1.50 and a beta of 1.24. Entegris, Inc. has a 1 year low of $94.92 and a 1 year high of $147.57.

Entegris (NASDAQ:ENTG - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.07. Entegris had a net margin of 9.03% and a return on equity of 12.83%. As a group, sell-side analysts expect that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders 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 yield of 0.37%. The ex-dividend date is Wednesday, January 29th. Entegris's dividend payout ratio is presently 20.73%.

Insider Buying and Selling at Entegris

In other news, SVP Clinton M. Haris sold 12,652 shares of Entegris stock in a transaction dated 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 owns 34,820 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through this link. 0.67% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on ENTG. BMO Capital Markets cut their target price on Entegris from $145.00 to $135.00 and set an "outperform" rating for the company in a research note on Tuesday, November 5th. Craig Hallum cut their target price on Entegris from $150.00 to $130.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. Needham & Company LLC reaffirmed a "buy" rating and issued a $120.00 target price on shares of Entegris in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft cut their target price on Entegris from $145.00 to $115.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. Finally, KeyCorp cut their target price on Entegris from $150.00 to $141.00 and set an "overweight" rating for the company in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Entegris presently has a consensus rating of "Moderate Buy" and a consensus target price of $128.78.

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).