Entegris, Inc. (NASDAQ:ENTG) Shares Sold by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC lowered its stake in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 70.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 14,140 shares of the semiconductor company's stock after selling 33,046 shares during the quarter. Gateway Investment Advisers LLC's holdings in Entegris were worth $1,401,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of ENTG. Mountaineer Partners Management LLC grew its stake in shares of Entegris by 16,255.1% during the third quarter. Mountaineer Partners Management LLC now owns 11,044,594 shares of the semiconductor company's stock valued at $1,242,848,000 after buying an additional 10,977,064 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Entegris by 1,076.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 923,332 shares of the semiconductor company's stock valued at $103,903,000 after acquiring an additional 844,837 shares during the last quarter. Principal Financial Group Inc. increased its stake in Entegris by 130.8% in the third quarter. Principal Financial Group Inc. now owns 1,379,963 shares of the semiconductor company's stock worth $155,287,000 after purchasing an additional 781,955 shares during the period. Swedbank AB increased its stake in Entegris by 249.7% in the third quarter. Swedbank AB now owns 1,050,361 shares of the semiconductor company's stock worth $118,197,000 after purchasing an additional 750,000 shares during the period. Finally, D1 Capital Partners L.P. bought a new stake in shares of Entegris during the third quarter worth $72,143,000.

Analyst Upgrades and Downgrades

Several research analysts recently commented on ENTG shares. BMO Capital Markets reduced their price target on shares of Entegris from $145.00 to $135.00 and set an "outperform" rating on the stock in a research note on Tuesday, November 5th. KeyCorp reduced their target price on shares of Entegris from $154.00 to $150.00 and set an "overweight" rating on the stock in a research report on Friday, January 10th. Citigroup decreased their price target on shares of Entegris from $130.00 to $123.00 and set a "buy" rating for the company in a research note on Wednesday, November 6th. 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, Deutsche Bank Aktiengesellschaft decreased their target price on Entegris from $145.00 to $115.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $134.50.

Entegris Stock Up 1.4 %

ENTG traded up $1.47 on Friday, hitting $106.38. The company had a trading volume of 2,067,611 shares, compared to its average volume of 1,634,672. The stock has a market capitalization of $16.06 billion, a price-to-earnings ratio of 70.45, a P/E/G ratio of 1.33 and a beta of 1.24. The stock has a fifty day moving average price of $103.49 and a 200-day moving average price of $110.70. Entegris, Inc. has a 12-month low of $94.92 and a 12-month high of $147.57. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.83 and a current ratio of 2.92.

Entegris (NASDAQ:ENTG - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.01). The firm had revenue of $807.70 million for the quarter, compared to the consensus estimate of $832.44 million. Entegris had a return on equity of 12.24% and a net margin of 7.13%. The company's revenue was down 9.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.68 EPS. Analysts predict that Entegris, Inc. will post 2.95 EPS for the current fiscal year.

Entegris Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.38%. The ex-dividend date is Wednesday, January 29th. Entegris's dividend payout ratio is currently 26.49%.

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).