Montanaro Asset Management Ltd Has $9.17 Million Stock Position in Entegris, Inc. (NASDAQ:ENTG)

Montanaro Asset Management Ltd decreased its stake in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 16.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 92,600 shares of the semiconductor company's stock after selling 17,621 shares during the period. Entegris makes up 1.9% of Montanaro Asset Management Ltd's portfolio, making the stock its 23rd biggest position. Montanaro Asset Management Ltd owned about 0.06% of Entegris worth $9,173,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ENTG. Pathstone Holdings LLC increased its stake in shares of Entegris by 3.9% during the third quarter. Pathstone Holdings LLC now owns 16,635 shares of the semiconductor company's stock valued at $1,872,000 after acquiring an additional 631 shares during the period. PNC Financial Services Group Inc. boosted its stake in Entegris by 4.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 15,716 shares of the semiconductor company's stock valued at $1,769,000 after purchasing an additional 627 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Entegris during the 3rd quarter valued at $513,000. Intech Investment Management LLC raised its stake in shares of Entegris by 19.5% in the 3rd quarter. Intech Investment Management LLC now owns 8,969 shares of the semiconductor company's stock worth $1,009,000 after buying an additional 1,464 shares in the last quarter. Finally, Raymond James Trust N.A. lifted its holdings in shares of Entegris by 17.5% in the third quarter. Raymond James Trust N.A. now owns 2,135 shares of the semiconductor company's stock valued at $240,000 after buying an additional 318 shares during the period.

Remove Ads

Entegris Trading Down 3.7 %

Shares of Entegris stock traded down $3.29 during trading on Monday, hitting $85.45. The stock had a trading volume of 556,158 shares, compared to its average volume of 2,082,462. Entegris, Inc. has a 1 year low of $84.69 and a 1 year high of $147.57. The stock has a 50 day simple moving average of $101.34 and a 200 day simple moving average of $104.15. The company has a quick ratio of 1.86, a current ratio of 3.08 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $12.93 billion, a PE ratio of 44.31, a P/E/G ratio of 1.50 and a beta of 1.32.

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 for the quarter, topping 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%. On average, research analysts expect that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th were given a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $0.40 dividend on an annualized basis and a yield of 0.47%. Entegris's payout ratio is 20.73%.

Insider Buying and Selling at Entegris

In other 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 value of $106,272.00. Following the transaction, the senior vice president now owns 10,903 shares of the company's stock, valued at $1,177,524. This trade represents a 8.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Clinton M. Haris sold 12,652 shares of the company's 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 sale, the senior vice president now directly owns 34,820 shares of the company's stock, valued at approximately $3,722,954.40. This represents 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.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ENTG shares. KeyCorp lowered their target price on 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 objective 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. Needham & Company LLC reissued a "buy" rating and set a $120.00 target price on shares of Entegris in a research note on Friday, February 7th. Finally, StockNews.com cut shares of Entegris from a "hold" rating to a "sell" rating in a report on Monday, March 24th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus 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).