JPMorgan Chase & Co. Has $434.69 Million Stock Holdings in Entegris, Inc. (NASDAQ:ENTG)

JPMorgan Chase & Co. lowered its position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 32.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,388,139 shares of the semiconductor company's stock after selling 2,146,235 shares during the quarter. JPMorgan Chase & Co. owned 2.91% of Entegris worth $434,689,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Corient Private Wealth LLC raised its position in shares of Entegris by 1.1% during the fourth quarter. Corient Private Wealth LLC now owns 11,862 shares of the semiconductor company's stock worth $1,175,000 after purchasing an additional 128 shares during the period. Torray Investment Partners LLC raised its holdings in Entegris by 0.9% during the 4th quarter. Torray Investment Partners LLC now owns 15,266 shares of the semiconductor company's stock worth $1,512,000 after buying an additional 129 shares during the period. Metis Global Partners LLC lifted its stake in Entegris by 7.1% during the fourth quarter. Metis Global Partners LLC now owns 2,049 shares of the semiconductor company's stock valued at $203,000 after buying an additional 135 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in Entegris by 6.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 2,482 shares of the semiconductor company's stock valued at $246,000 after buying an additional 147 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of 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 buying an additional 158 shares during the period.

Insider Activity at Entegris

In other news, 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 value of $1,352,751.84. Following the completion of the sale, the senior vice president now directly owns 34,820 shares in the company, valued at approximately $3,722,954.40. The trade was a 26.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Olivier Blachier sold 984 shares of the company's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $108.00, for a total value of $106,272.00. Following the sale, the senior vice president now owns 10,903 shares of the company's stock, valued at approximately $1,177,524. The trade was a 8.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is owned by company insiders.

Entegris Trading Down 11.5 %

ENTG traded down $9.89 during mid-day trading on Thursday, hitting $75.93. The stock had a trading volume of 1,578,150 shares, compared to its average volume of 2,101,702. The stock's fifty day simple moving average is $100.13 and its 200-day simple moving average is $103.70. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.08 and a quick ratio of 1.86. The firm has a market capitalization of $11.49 billion, a price-to-earnings ratio of 39.34, a price-to-earnings-growth ratio of 1.50 and a beta of 1.36. Entegris, Inc. has a 1-year low of $75.63 and a 1-year high of $147.57.

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

Entegris Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th were issued a $0.10 dividend. The ex-dividend date was Wednesday, January 29th. This represents a $0.40 annualized dividend and a dividend yield of 0.53%. Entegris's dividend payout ratio is currently 20.73%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on ENTG shares. Needham & Company LLC restated a "buy" rating and set a $120.00 price target on shares of Entegris in a report on Friday, February 7th. Mizuho cut their target price on shares of Entegris from $125.00 to $120.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. KeyCorp reduced their target price on Entegris from $150.00 to $141.00 and set an "overweight" rating for the company in a report on Friday, February 7th. Finally, StockNews.com downgraded Entegris from a "hold" rating to a "sell" rating in a report on Monday, March 24th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Entegris has a consensus rating of "Moderate Buy" and an average price target of $124.88.

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).