Entegris, Inc. (NASDAQ:ENTG) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its holdings in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 2.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 557,983 shares of the semiconductor company's stock after selling 11,496 shares during the period. Bank of New York Mellon Corp owned approximately 0.37% of Entegris worth $55,274,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in ENTG. Bridges Investment Management Inc. boosted its holdings in Entegris by 3.6% in the third quarter. Bridges Investment Management Inc. now owns 2,829 shares of the semiconductor company's stock valued at $318,000 after acquiring an additional 98 shares during the last quarter. Angeles Investment Advisors LLC lifted its stake in Entegris by 4.1% in the 3rd quarter. Angeles Investment Advisors LLC now owns 3,230 shares of the semiconductor company's stock valued at $363,000 after acquiring an additional 127 shares in the last quarter. Huntington National Bank boosted its holdings in Entegris by 41.0% during the third quarter. Huntington National Bank now owns 454 shares of the semiconductor company's stock worth $51,000 after purchasing an additional 132 shares during the last quarter. Equitable Trust Co. increased its stake in Entegris by 2.2% in the 3rd quarter. Equitable Trust Co. now owns 6,501 shares of the semiconductor company's stock valued at $732,000 after buying an additional 138 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its position in Entegris by 0.3% during the third quarter. Asset Management One Co. Ltd. now owns 53,689 shares of the semiconductor company's stock valued at $6,042,000 after purchasing an additional 152 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ENTG shares. Craig Hallum dropped their price objective on shares of Entegris from $150.00 to $130.00 and set a "buy" rating on the stock in a research report on Tuesday, November 5th. Mizuho cut their target price on Entegris from $125.00 to $120.00 and set an "outperform" rating for the company in a research note on Tuesday, January 7th. BMO Capital Markets lowered their price target on shares of Entegris from $145.00 to $135.00 and set an "outperform" rating for the company in a report on Tuesday, November 5th. Needham & Company LLC reissued a "buy" rating and issued a $120.00 price objective on shares of Entegris in a research note on Friday, February 7th. Finally, UBS Group dropped their price target on shares of Entegris from $130.00 to $115.00 and set a "neutral" rating on the stock in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Entegris presently has an average rating of "Moderate Buy" and an average target price of $124.88.

Entegris Trading Up 4.1 %

Shares of ENTG traded up $4.03 during mid-day trading on Wednesday, hitting $102.38. 22,198,794 shares of the company's stock traded hands, compared to its average volume of 1,870,750. The company has a quick ratio of 1.86, a current ratio of 3.08 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $15.47 billion, a P/E ratio of 53.05, a PEG ratio of 1.50 and a beta of 1.24. The business's 50-day moving average price is $102.69 and its 200-day moving average price is $106.02. 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 posted its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.07. Entegris had a return on equity of 12.83% and a net margin of 9.03%. As a group, sell-side analysts forecast that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $0.40 dividend on an annualized basis and a yield of 0.39%. Entegris's dividend payout ratio is currently 20.73%.

Insider Activity at Entegris

In other Entegris news, SVP Clinton M. Haris sold 12,652 shares of the firm's stock in a transaction 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 transaction, the senior vice president now directly owns 34,820 shares in the company, valued at $3,722,954.40. This trade represents a 26.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Olivier Blachier sold 984 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $108.00, for a total transaction of $106,272.00. Following the transaction, the senior vice president now directly owns 10,903 shares in the company, valued at $1,177,524. This trade represents a 8.28 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is owned by company insiders.

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).