Franklin Resources Inc. Sells 219,500 Shares of Entegris, Inc. (NASDAQ:ENTG)

Franklin Resources Inc. trimmed its position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 96.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,483 shares of the semiconductor company's stock after selling 219,500 shares during the period. Franklin Resources Inc.'s holdings in Entegris were worth $840,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in ENTG. Fortitude Family Office LLC raised its holdings in shares of Entegris by 195.7% in the 4th quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company's stock valued at $41,000 after acquiring an additional 274 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Entegris during the fourth quarter valued at approximately $42,000. Eagle Bay Advisors LLC increased its holdings in shares of Entegris by 4,375.0% in the 4th quarter. Eagle Bay Advisors LLC now owns 716 shares of the semiconductor company's stock worth $71,000 after buying an additional 700 shares during the last quarter. Promus Capital LLC purchased a new stake in shares of Entegris during the 4th quarter valued at $71,000. Finally, Smartleaf Asset Management LLC grew its position in Entegris by 27.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 731 shares of the semiconductor company's stock worth $73,000 after acquiring an additional 158 shares in the last quarter.

Insiders Place Their Bets

In other news, SVP Olivier Blachier sold 984 shares of the company's stock in a transaction dated Friday, February 21st. The shares were 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 in the company, valued at approximately $1,177,524. This represents a 8.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 that occurred on Monday, February 10th. The stock was sold at an average price of $106.92, for a total value of $1,352,751.84. Following the sale, the senior vice president now directly owns 34,820 shares in the company, valued at $3,722,954.40. The trade was a 26.65 % 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.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ENTG. Mizuho decreased their price objective on Entegris from $125.00 to $120.00 and set an "outperform" rating on the stock in a report on Tuesday, January 7th. StockNews.com downgraded shares of Entegris from a "hold" rating to a "sell" rating in a research note on Saturday. KeyCorp cut their price objective on shares of Entegris from $141.00 to $130.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $120.00 target price on shares of Entegris in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, Entegris has a consensus rating of "Moderate Buy" and an average price target of $123.50.

Entegris Stock Performance

NASDAQ ENTG traded up $1.13 during trading hours on Friday, hitting $68.73. 2,973,305 shares of the company's stock traded hands, compared to its average volume of 2,296,249. 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 52 week low of $60.75 and a 52 week high of $147.57. The firm has a market capitalization of $10.40 billion, a P/E ratio of 35.61, a P/E/G ratio of 1.50 and a beta of 1.36. The business's fifty day moving average price is $90.83 and its two-hundred day moving average price is $99.55.

Entegris (NASDAQ:ENTG - Get Free Report) last released its quarterly earnings results 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%. Equities research analysts predict that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 21st. Investors of record on Wednesday, April 30th will be paid a dividend of $0.10 per share. The ex-dividend date is Wednesday, April 30th. This represents a $0.40 annualized dividend and a yield of 0.58%. Entegris's payout ratio is 20.73%.

Entegris Company 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).