Federated Hermes Inc. lessened its holdings in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 22.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 104,157 shares of the semiconductor company's stock after selling 31,001 shares during the quarter. Federated Hermes Inc. owned 0.07% of Entegris worth $10,318,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Fortitude Family Office LLC lifted its position in shares of Entegris by 195.7% during the 4th quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company's stock worth $41,000 after buying an additional 274 shares during the period. Proficio Capital Partners LLC acquired a new position in Entegris during the fourth quarter worth $42,000. Eagle Bay Advisors LLC lifted its holdings in shares of Entegris by 4,375.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 716 shares of the semiconductor company's stock valued at $71,000 after acquiring an additional 700 shares during the period. Promus Capital LLC acquired a new stake in shares of Entegris in the 4th quarter valued at $71,000. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Entegris by 27.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 731 shares of the semiconductor company's stock valued at $73,000 after purchasing an additional 158 shares in the last quarter.
Entegris Price Performance
Shares of Entegris stock traded down $3.19 during midday trading on Wednesday, reaching $68.91. The company had a trading volume of 565,244 shares, compared to its average volume of 2,266,962. 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 stock has a fifty day simple moving average of $93.11 and a 200 day simple moving average of $100.53. Entegris, Inc. has a 1-year low of $60.75 and a 1-year high of $147.57. The company has a market capitalization of $10.43 billion, a price-to-earnings ratio of 35.83, a price-to-earnings-growth ratio of 1.50 and a beta of 1.36.
Entegris (NASDAQ:ENTG - Get Free Report) last released its earnings results on Thursday, February 6th. The semiconductor company reported $0.84 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%. As a group, equities research analysts forecast that Entegris, Inc. will post 3.51 earnings per share for the current year.
Insiders Place Their Bets
In other Entegris news, SVP Clinton M. Haris sold 12,652 shares of the firm's stock in a transaction that occurred 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 directly owns 34,820 shares of the company's stock, valued at approximately $3,722,954.40. This trade represents a 26.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Olivier Blachier sold 984 shares of Entegris stock in a transaction on Friday, February 21st. The stock was sold at an average price of $108.00, for a total transaction of $106,272.00. Following the sale, the senior vice president now directly owns 10,903 shares of the company's stock, valued at $1,177,524. This represents a 8.28 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.67% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the stock. Mizuho dropped their target price on shares of Entegris from $125.00 to $120.00 and set an "outperform" rating for the company in a research report on Tuesday, January 7th. StockNews.com lowered shares of Entegris from a "hold" rating to a "sell" rating in a report on Friday, April 11th. KeyCorp reduced their target price on Entegris from $141.00 to $130.00 and set an "overweight" rating on the stock in a report on Monday. Finally, Needham & Company LLC restated a "buy" rating and set a $120.00 price target on shares of Entegris in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Entegris has an average rating of "Moderate Buy" and a consensus target price of $123.50.
Read Our Latest Research Report on ENTG
About Entegris
(
Free Report)
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).
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