CIBC Private Wealth Group LLC Decreases Position in Entegris, Inc. (NASDAQ:ENTG)

CIBC Private Wealth Group LLC lessened its position in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 24.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 382,426 shares of the semiconductor company's stock after selling 122,675 shares during the quarter. CIBC Private Wealth Group LLC owned approximately 0.25% of Entegris worth $38,151,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. raised its holdings in Entegris by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 15,202,146 shares of the semiconductor company's stock worth $1,505,925,000 after acquiring an additional 169,180 shares during the last quarter. Mountaineer Partners Management LLC raised its holdings 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 worth $1,242,848,000 after purchasing an additional 10,977,064 shares during the period. Norges Bank purchased a new position in shares of Entegris during the 4th quarter valued at about $445,988,000. Cantillon Capital Management LLC raised its stake in Entegris by 12.6% during the 4th quarter. Cantillon Capital Management LLC now owns 2,616,354 shares of the semiconductor company's stock worth $259,176,000 after acquiring an additional 291,893 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Entegris by 2.0% during the third 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 in the last quarter.

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Entegris Trading Down 9.1 %

Shares of NASDAQ:ENTG traded down $6.55 during trading on Friday, reaching $65.39. The company's stock had a trading volume of 9,577,103 shares, compared to its average volume of 2,161,083. The stock has a market capitalization of $9.89 billion, a PE ratio of 33.88, a price-to-earnings-growth ratio of 1.50 and a beta of 1.36. Entegris, Inc. has a 12 month low of $61.27 and a 12 month high of $147.57. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08. The firm's 50 day simple moving average is $98.67 and its two-hundred day simple moving average is $103.17.

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 (EPS) 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%. On average, research analysts predict that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend was Wednesday, January 29th. Entegris's payout ratio is 20.73%.

Insider Buying and Selling at Entegris

In other news, SVP Olivier Blachier sold 984 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $108.00, for a total value of $106,272.00. Following the sale, the senior vice president now directly owns 10,903 shares in the company, valued at approximately $1,177,524. This represents a 8.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Clinton M. Haris sold 12,652 shares of the business's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $106.92, for a total value of $1,352,751.84. Following the transaction, the senior vice president now owns 34,820 shares of the company's stock, valued at approximately $3,722,954.40. The trade was a 26.65 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ENTG. Needham & Company LLC reissued a "buy" rating and set a $120.00 target price on shares of Entegris in a research note on Friday, February 7th. KeyCorp decreased their price target on shares of Entegris from $150.00 to $141.00 and set an "overweight" rating on the stock in a research note on Friday, February 7th. Mizuho cut their price objective on Entegris from $125.00 to $120.00 and set an "outperform" rating for the company in a research report on Tuesday, January 7th. Finally, StockNews.com raised Entegris from a "sell" rating to a "hold" rating in a report on Thursday. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $124.88.

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).