Inspire Advisors LLC Cuts Stock Holdings in Entegris, Inc. (NASDAQ:ENTG)

Inspire Advisors LLC decreased its holdings in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 78.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 6,055 shares of the semiconductor company's stock after selling 21,474 shares during the period. Inspire Advisors LLC's holdings in Entegris were worth $600,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Mountaineer Partners Management LLC increased its position in Entegris by 16,255.1% during the 3rd quarter. Mountaineer Partners Management LLC now owns 11,044,594 shares of the semiconductor company's stock valued at $1,242,848,000 after purchasing an additional 10,977,064 shares during the period. Cantillon Capital Management LLC boosted its holdings in shares of Entegris by 12.6% in the 4th quarter. Cantillon Capital Management LLC now owns 2,616,354 shares of the semiconductor company's stock valued at $259,176,000 after buying an additional 291,893 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Entegris by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,537,948 shares of the semiconductor company's stock valued at $284,941,000 after buying an additional 49,846 shares in the last quarter. Swedbank AB boosted its holdings in shares of Entegris by 47.7% in the 4th quarter. Swedbank AB now owns 1,550,942 shares of the semiconductor company's stock valued at $153,636,000 after buying an additional 500,581 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of Entegris by 0.9% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,503,656 shares of the semiconductor company's stock valued at $169,206,000 after buying an additional 12,913 shares in the last quarter.

Insider Buying and Selling at Entegris

In other Entegris news, SVP Olivier Blachier sold 984 shares of Entegris stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $108.00, for a total transaction of $106,272.00. Following the completion of the sale, the senior vice president now directly owns 10,903 shares in the company, valued at approximately $1,177,524. The trade was a 8.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Clinton M. Haris sold 12,652 shares of Entegris stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $106.92, for a total transaction of $1,352,751.84. Following the sale, the senior vice president now owns 34,820 shares of the company's stock, valued at approximately $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. Company insiders own 0.67% of the company's stock.

Entegris Stock Down 3.8 %

ENTG stock opened at $93.85 on Wednesday. The firm has a 50 day moving average of $102.52 and a 200 day moving average of $105.50. The stock has a market capitalization of $14.18 billion, a PE ratio of 48.63, a price-to-earnings-growth ratio of 1.50 and a beta of 1.32. The company has a quick ratio of 1.86, a current ratio of 3.08 and a debt-to-equity ratio of 1.08. Entegris, Inc. has a 52 week low of $92.84 and a 52 week high of $147.57.

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Entegris (NASDAQ:ENTG - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.84 EPS 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%. Sell-side analysts forecast that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend was Wednesday, January 29th. Entegris's payout ratio is 20.73%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ENTG. KeyCorp lowered their price target on shares of Entegris from $150.00 to $141.00 and set an "overweight" rating on the stock in a report on Friday, February 7th. Mizuho lowered their price target on shares of Entegris from $125.00 to $120.00 and set an "outperform" rating on the stock in a report on Tuesday, January 7th. StockNews.com cut shares of Entegris from a "hold" rating to a "sell" rating in a report on Thursday, February 27th. Finally, Needham & Company LLC restated a "buy" rating and issued a $120.00 price target on shares of Entegris in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price 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).

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