Rhumbline Advisers Sells 4,724 Shares of Entegris, Inc. (NASDAQ:ENTG)

Rhumbline Advisers cut its holdings in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 2.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 205,452 shares of the semiconductor company's stock after selling 4,724 shares during the period. Rhumbline Advisers owned approximately 0.14% of Entegris worth $20,352,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Capital Performance Advisors LLP bought a new stake in Entegris during the 3rd quarter worth approximately $29,000. Blue Trust Inc. boosted its position in shares of Entegris by 221.3% during the third quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company's stock valued at $39,000 after buying an additional 239 shares during the last quarter. Fortitude Family Office LLC grew its holdings in Entegris by 195.7% during the fourth quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company's stock worth $41,000 after buying an additional 274 shares in the last quarter. Covestor Ltd raised its position in Entegris by 241.8% in the 3rd quarter. Covestor Ltd now owns 417 shares of the semiconductor company's stock valued at $47,000 after buying an additional 295 shares during the last quarter. Finally, Huntington National Bank lifted its stake in Entegris by 41.0% during the 3rd quarter. Huntington National Bank now owns 454 shares of the semiconductor company's stock valued at $51,000 after acquiring an additional 132 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ENTG shares. Craig Hallum reduced their price objective on Entegris from $150.00 to $130.00 and set a "buy" rating for the company in a report on Tuesday, November 5th. Mizuho decreased their target price 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. Citigroup cut their price target on shares of Entegris from $130.00 to $123.00 and set a "buy" rating for the company in a report on Wednesday, November 6th. StockNews.com raised shares of Entegris from a "sell" rating to a "hold" rating in a report on Wednesday. Finally, UBS Group dropped their price objective on Entegris from $130.00 to $115.00 and set a "neutral" rating for the company in a research note on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Entegris presently has a consensus rating of "Moderate Buy" and an average price target of $128.78.

Insider Buying and Selling

In other news, SVP Clinton M. Haris sold 12,652 shares of the firm's stock in a transaction dated 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 transaction, the senior vice president now directly owns 34,820 shares of the company's stock, valued at approximately $3,722,954.40. This trade represents a 26.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.67% of the stock is owned by corporate insiders.

Entegris Price Performance

NASDAQ ENTG traded down $3.17 during trading hours on Friday, reaching $104.09. 2,379,834 shares of the stock traded hands, compared to its average volume of 2,301,648. 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 stock has a 50 day simple moving average of $103.14 and a two-hundred day simple moving average of $106.31. Entegris, Inc. has a 1 year low of $94.92 and a 1 year high of $147.57. The company has a market cap of $15.73 billion, a price-to-earnings ratio of 53.93, a price-to-earnings-growth ratio of 1.51 and a beta of 1.24.

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

Entegris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th were paid 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 dividend yield of 0.38%. Entegris's dividend payout ratio (DPR) is 20.73%.

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).