Jennison Associates LLC Lowers Stock Holdings in Entegris, Inc. (NASDAQ:ENTG)

Jennison Associates LLC decreased its stake in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 17.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 361,389 shares of the semiconductor company's stock after selling 77,731 shares during the quarter. Jennison Associates LLC owned about 0.24% of Entegris worth $35,799,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in ENTG. Quarry LP purchased a new position in Entegris during the second quarter valued at $27,000. Capital Performance Advisors LLP purchased a new position in shares of Entegris in the third quarter worth $29,000. Blue Trust Inc. grew its holdings in shares of Entegris by 221.3% in the third quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company's stock worth $39,000 after acquiring an additional 239 shares during the period. Fortitude Family Office LLC grew its holdings in shares of Entegris by 195.7% in the fourth quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company's stock worth $41,000 after acquiring an additional 274 shares during the period. Finally, Covestor Ltd grew its holdings in shares of Entegris by 241.8% in the third quarter. Covestor Ltd now owns 417 shares of the semiconductor company's stock worth $47,000 after acquiring an additional 295 shares during the period.

Entegris Stock Up 5.4 %

NASDAQ:ENTG traded up $5.63 during trading hours on Thursday, hitting $109.53. The company's stock had a trading volume of 3,143,069 shares, compared to its average volume of 2,457,106. The stock has a market capitalization of $16.54 billion, a P/E ratio of 72.54, a price-to-earnings-growth ratio of 1.38 and a beta of 1.24. The stock has a fifty day moving average of $103.33 and a 200-day moving average of $107.34. 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, Inc. has a 52-week low of $94.92 and a 52-week high of $147.57.

Entegris (NASDAQ:ENTG - Get Free Report) last issued 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 return on equity of 12.24% and a net margin of 7.13%. On average, equities analysts forecast that Entegris, Inc. will post 2.94 earnings per share for the current year.

Entegris Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, January 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.37%. Entegris's payout ratio is 26.49%.

Analysts Set New Price Targets

Several research firms have issued reports on ENTG. Mizuho cut their price target on Entegris from $125.00 to $120.00 and set an "outperform" rating for the company in a report on Tuesday, January 7th. UBS Group decreased their target price on Entegris from $130.00 to $115.00 and set a "neutral" rating on the stock in a research report on Tuesday, November 5th. Citigroup decreased their price objective on Entegris from $130.00 to $123.00 and set a "buy" rating on the stock in a research report on Wednesday, November 6th. KeyCorp cut their target price on Entegris from $154.00 to $150.00 and set an "overweight" rating on the stock in a research note on Friday, January 10th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Entegris from $145.00 to $115.00 and set a "buy" rating on the stock in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Entegris has an average rating of "Moderate Buy" and an average price target of $134.50.

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).