Brown Capital Management LLC Sells 17,953 Shares of Entegris, Inc. (NASDAQ:ENTG)

Brown Capital Management LLC lowered its holdings in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 69.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,820 shares of the semiconductor company's stock after selling 17,953 shares during the period. Brown Capital Management LLC's holdings in Entegris were worth $880,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. CANADA LIFE ASSURANCE Co increased its stake in Entegris by 161.1% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 107,677 shares of the semiconductor company's stock valued at $15,135,000 after buying an additional 66,437 shares during the period. Diversified Trust Co purchased a new stake in shares of Entegris during the second quarter worth $851,000. Cetera Investment Advisers boosted its position in Entegris by 128.0% during the first quarter. Cetera Investment Advisers now owns 20,387 shares of the semiconductor company's stock valued at $2,865,000 after purchasing an additional 11,444 shares during the last quarter. Swedbank AB grew its stake in Entegris by 520.3% in the second quarter. Swedbank AB now owns 300,361 shares of the semiconductor company's stock valued at $40,669,000 after purchasing an additional 251,938 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in Entegris by 124.6% in the 2nd quarter. SG Americas Securities LLC now owns 14,563 shares of the semiconductor company's stock worth $1,972,000 after purchasing an additional 8,079 shares during the last quarter.

Entegris Price Performance

ENTG stock traded up $5.08 during trading on Thursday, hitting $105.04. The company had a trading volume of 1,767,867 shares, compared to its average volume of 1,705,891. The company has a fifty day moving average price of $107.16 and a two-hundred day moving average price of $118.92. Entegris, Inc. has a fifty-two week low of $94.92 and a fifty-two week high of $147.57. The company has a market cap of $15.86 billion, a P/E ratio of 69.56, a P/E/G ratio of 1.62 and a beta of 1.24. The company has a current ratio of 2.92, a quick ratio of 1.83 and a debt-to-equity ratio of 1.14.

Entegris (NASDAQ:ENTG - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.77 earnings per share 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 the consensus estimate of $832.44 million. Entegris had a return on equity of 12.24% and a net margin of 7.13%. Entegris's quarterly revenue was down 9.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.68 earnings per share. Equities research analysts expect that Entegris, Inc. will post 3.03 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, October 30th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date was Wednesday, October 30th. Entegris's dividend payout ratio is presently 26.49%.

Analysts Set New Price Targets

ENTG has been the subject of several research reports. Citigroup reduced their price target on Entegris from $130.00 to $123.00 and set a "buy" rating for the company in a report on Wednesday, November 6th. UBS Group reduced their target price on shares of Entegris from $130.00 to $115.00 and set a "neutral" rating for the company in a research note on Tuesday, November 5th. Mizuho decreased their target price on shares of Entegris from $143.00 to $125.00 and set an "outperform" rating for the company in a research report on Tuesday, November 5th. Craig Hallum cut their price target on shares of Entegris from $150.00 to $130.00 and set a "buy" rating on the stock in a report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Entegris from $145.00 to $115.00 and set a "buy" rating for the company in a 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. According to MarketBeat, Entegris has an average rating of "Moderate Buy" and an average target price of $135.40.

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).