FIL Ltd Sells 93,652 Shares of Entegris, Inc. (NASDAQ:ENTG)

FIL Ltd decreased its position in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 17.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 451,606 shares of the semiconductor company's stock after selling 93,652 shares during the period. FIL Ltd owned 0.30% of Entegris worth $44,736,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ENTG. Fortitude Family Office LLC lifted its holdings in Entegris by 195.7% during 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. Proficio Capital Partners LLC purchased a new stake in shares of Entegris during the 4th quarter valued at $42,000. Eagle Bay Advisors LLC raised its stake in shares of Entegris by 4,375.0% during the 4th quarter. Eagle Bay Advisors LLC now owns 716 shares of the semiconductor company's stock worth $71,000 after purchasing an additional 700 shares during the period. Promus Capital LLC purchased a new position in shares of Entegris in the 4th quarter worth about $71,000. Finally, Smartleaf Asset Management LLC boosted its holdings 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 worth $73,000 after buying an additional 158 shares during the last quarter.

Analyst Ratings Changes

Several analysts have commented on the stock. StockNews.com lowered shares of Entegris from a "hold" rating to a "sell" rating in a research report on Friday, April 11th. Needham & Company LLC restated a "buy" rating and set a $120.00 price target on shares of Entegris in a research note on Friday, February 7th. Mizuho dropped their price objective on Entegris from $125.00 to $120.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. Finally, KeyCorp decreased their target price on Entegris from $141.00 to $130.00 and set an "overweight" rating for the company in a research report on Monday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $123.50.

Entegris Price Performance

Shares of Entegris stock traded down $3.53 during trading on Wednesday, hitting $68.57. The stock had a trading volume of 688,587 shares, compared to its average volume of 2,267,344. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08. Entegris, Inc. has a 12 month low of $60.75 and a 12 month high of $147.57. The firm has a market cap of $10.38 billion, a price-to-earnings ratio of 35.53, a P/E/G ratio of 1.50 and a beta of 1.36. The business's 50-day moving average is $93.11 and its 200 day moving average is $100.53.

Entegris (NASDAQ:ENTG - Get Free Report) last announced its earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share for the quarter, topping analysts' consensus estimates 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 anticipate 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 Entegris stock in a transaction dated 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 completion of the sale, the senior vice president now owns 34,820 shares of the company's stock, valued at $3,722,954.40. The trade was a 26.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Olivier Blachier sold 984 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $108.00, for a total value of $106,272.00. Following the transaction, the senior vice president now owns 10,903 shares in the company, valued at $1,177,524. This trade represents a 8.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company's stock.

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).