Entegris, Inc. (NASDAQ:ENTG) Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA reduced its stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 2.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,873,164 shares of the semiconductor company's stock after selling 79,223 shares during the period. Primecap Management Co. CA owned approximately 1.90% of Entegris worth $284,616,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of ENTG. Synovus Financial Corp grew its stake in shares of Entegris by 102.3% in the third quarter. Synovus Financial Corp now owns 38,253 shares of the semiconductor company's stock valued at $4,305,000 after buying an additional 19,340 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Entegris by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,065,812 shares of the semiconductor company's stock valued at $119,936,000 after acquiring an additional 14,650 shares during the period. Swedbank AB grew its position in 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 acquiring an additional 500,581 shares in the last quarter. Argent Capital Management LLC increased its stake in Entegris by 9.9% during the fourth quarter. Argent Capital Management LLC now owns 31,066 shares of the semiconductor company's stock worth $3,077,000 after purchasing an additional 2,793 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in shares of Entegris by 14.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,060,378 shares of the semiconductor company's stock worth $105,041,000 after purchasing an additional 137,046 shares in the last quarter.

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Entegris Stock Down 2.7 %

Shares of NASDAQ:ENTG traded down $2.70 on Friday, hitting $96.35. 4,044,842 shares of the company's stock were exchanged, compared to its average volume of 1,916,683. 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 1-year low of $92.84 and a 1-year high of $147.57. The company has a market capitalization of $14.56 billion, a PE ratio of 49.92, a P/E/G ratio of 1.50 and a beta of 1.32. The firm's 50-day moving average is $102.29 and its 200 day moving average is $104.86.

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

Entegris Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th were given a $0.10 dividend. The ex-dividend date was Wednesday, January 29th. This represents a $0.40 dividend on an annualized basis and a yield of 0.42%. Entegris's dividend payout ratio (DPR) is presently 20.73%.

Insider Buying and Selling at Entegris

In other news, SVP Olivier Blachier sold 984 shares of the 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 completion of the sale, the senior vice president now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Clinton M. Haris sold 12,652 shares of the 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 owns 34,820 shares of the company's stock, valued at approximately $3,722,954.40. This represents a 26.65 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ENTG. KeyCorp cut 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. StockNews.com raised Entegris from a "sell" rating to a "hold" rating in a research report on Thursday, March 13th. Needham & Company LLC reiterated a "buy" rating and issued a $120.00 target price on shares of Entegris in a report on Friday, February 7th. Finally, Mizuho cut their price target on Entegris from $125.00 to $120.00 and set an "outperform" rating on the stock in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus 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).