Entegris, Inc. (NASDAQ:ENTG) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC lowered its stake in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 12.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,754 shares of the semiconductor company's stock after selling 4,262 shares during the period. HighTower Advisors LLC's holdings in Entegris were worth $2,848,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Mountaineer Partners Management LLC grew its position in shares of Entegris by 16,255.1% in the 3rd quarter. Mountaineer Partners Management LLC now owns 11,044,594 shares of the semiconductor company's stock worth $1,242,848,000 after buying an additional 10,977,064 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Entegris in the fourth quarter worth $91,869,000. Principal Financial Group Inc. grew its holdings 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 last quarter. Swedbank AB increased its position in shares of Entegris by 249.7% during 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 in the last quarter. Finally, James Hambro & Partners LLP purchased a new stake in shares of Entegris during the 4th quarter valued at $72,845,000.

Entegris Trading Down 4.2 %

Shares of NASDAQ ENTG traded down $4.10 during mid-day trading on Tuesday, reaching $94.22. 2,465,999 shares of the company's stock were exchanged, compared to its average volume of 1,932,885. The company's 50-day moving average is $102.24 and its 200-day moving average is $104.59. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.86 and a current ratio of 3.08. Entegris, Inc. has a 52-week low of $92.84 and a 52-week high of $147.57. The firm has a market capitalization of $14.26 billion, a price-to-earnings ratio of 48.82, a PEG ratio of 1.50 and a beta of 1.32.

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Entegris (NASDAQ:ENTG - Get Free Report) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.07. Entegris had a net margin of 9.03% and a return on equity of 12.83%. Analysts expect that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date was Wednesday, January 29th. Entegris's payout ratio is currently 20.73%.

Insider Buying and Selling at Entegris

In related news, SVP Olivier Blachier sold 984 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $108.00, for a total value of $106,272.00. Following the completion of the transaction, the senior vice president now owns 10,903 shares of the company's stock, valued at approximately $1,177,524. This represents a 8.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Clinton M. Haris sold 12,652 shares of Entegris stock in a transaction on 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 approximately $3,722,954.40. This trade represents a 26.65 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

ENTG has been the topic of several research analyst reports. KeyCorp dropped their target price on Entegris from $150.00 to $141.00 and set an "overweight" rating on the stock in a research note on Friday, February 7th. Mizuho dropped their price target on Entegris from $125.00 to $120.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. StockNews.com lowered shares of Entegris from a "hold" rating to a "sell" rating in a research report on Monday. Finally, Needham & Company LLC reissued a "buy" rating and set 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 assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Entegris has an average rating of "Moderate Buy" and a consensus price target of $124.88.

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).