Korea Investment CORP Has $6.17 Million Stock Position in Entegris, Inc. (NASDAQ:ENTG)

Korea Investment CORP trimmed its holdings in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 32.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,325 shares of the semiconductor company's stock after selling 29,994 shares during the quarter. Korea Investment CORP's holdings in Entegris were worth $6,174,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently modified their holdings of the stock. EFG Asset Management North America Corp. grew its holdings in Entegris by 34.1% during the 4th quarter. EFG Asset Management North America Corp. now owns 21,594 shares of the semiconductor company's stock valued at $2,139,000 after buying an additional 5,493 shares in the last quarter. Walnut Level Capital LLC purchased a new stake in shares of Entegris in the 4th quarter worth approximately $2,328,000. Vanguard Group Inc. increased its holdings in shares of Entegris by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 15,202,146 shares of the semiconductor company's stock valued at $1,505,925,000 after acquiring an additional 169,180 shares during the period. LPL Financial LLC raised its position in shares of Entegris by 36.0% in the 4th quarter. LPL Financial LLC now owns 98,123 shares of the semiconductor company's stock worth $9,720,000 after acquiring an additional 25,980 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in Entegris in the fourth quarter valued at about $4,705,000.

Insider Activity

In other news, SVP Olivier Blachier sold 984 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $108.00, for a total value of $106,272.00. Following the transaction, the senior vice president now directly owns 10,903 shares of the company's stock, valued at $1,177,524. The trade was a 8.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Clinton M. Haris sold 12,652 shares of the stock in a transaction dated 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 transaction, 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 position. The disclosure for this sale can be found here. 0.67% of the stock is owned by insiders.

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Entegris Stock Performance

Shares of ENTG traded down $7.10 during mid-day trading on Friday, reaching $64.84. 5,489,378 shares of the company's stock were exchanged, compared to its average volume of 2,144,692. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.08 and a quick ratio of 1.86. Entegris, Inc. has a 52-week low of $61.27 and a 52-week high of $147.57. The business's fifty day simple moving average is $99.45 and its 200-day simple moving average is $103.48. The stock has a market capitalization of $9.81 billion, a PE ratio of 33.46, a price-to-earnings-growth ratio of 1.50 and a beta of 1.36.

Entegris (NASDAQ:ENTG - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, topping 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%. On average, equities research analysts expect that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend was Wednesday, January 29th. Entegris's dividend payout ratio is currently 20.73%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ENTG. StockNews.com raised shares of Entegris from a "sell" rating to a "hold" rating in a research report on Thursday. Mizuho reduced their target price on Entegris from $125.00 to $120.00 and set an "outperform" rating for the company in a research note on Tuesday, January 7th. Needham & Company LLC reaffirmed a "buy" rating and issued a $120.00 price objective on shares of Entegris in a report on Friday, February 7th. Finally, KeyCorp lowered their target price on shares of Entegris from $150.00 to $141.00 and set an "overweight" rating on the stock in a research note on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Entegris currently has a consensus rating of "Moderate Buy" and an average price target of $124.88.

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).