Rockefeller Capital Management L.P. Sells 15,280 Shares of Entegris, Inc. (NASDAQ:ENTG)

Rockefeller Capital Management L.P. trimmed its position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 49.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,556 shares of the semiconductor company's stock after selling 15,280 shares during the period. Rockefeller Capital Management L.P.'s holdings in Entegris were worth $1,753,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ENTG. Earnest Partners LLC raised its holdings in Entegris by 0.6% in the 2nd quarter. Earnest Partners LLC now owns 1,858,757 shares of the semiconductor company's stock worth $251,676,000 after purchasing an additional 11,692 shares in the last quarter. American Century Companies Inc. increased its position in shares of Entegris by 20.2% during the second quarter. American Century Companies Inc. now owns 1,523,824 shares of the semiconductor company's stock valued at $206,326,000 after buying an additional 256,186 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in Entegris by 0.9% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,503,656 shares of the semiconductor company's stock worth $169,206,000 after buying an additional 12,913 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Entegris by 130.8% in the third quarter. Principal Financial Group Inc. now owns 1,379,963 shares of the semiconductor company's stock worth $155,287,000 after buying an additional 781,955 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in Entegris by 7.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,083,217 shares of the semiconductor company's stock valued at $146,668,000 after acquiring an additional 77,083 shares in the last quarter.

Entegris Stock Up 2.1 %

ENTG stock traded up $2.30 during midday trading on Friday, hitting $109.40. The company's stock had a trading volume of 1,279,289 shares, compared to its average volume of 2,216,081. The firm's 50-day moving average is $106.06 and its 200-day moving average is $117.00. The company has a current ratio of 2.92, a quick ratio of 1.83 and a debt-to-equity ratio of 1.14. Entegris, Inc. has a 12 month low of $94.92 and a 12 month high of $147.57. The company has a market cap of $16.52 billion, a PE ratio of 72.45, a P/E/G ratio of 1.82 and a beta of 1.23.

Entegris (NASDAQ:ENTG - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.78 by ($0.01). Entegris had a net margin of 7.13% and a return on equity of 12.24%. The business had revenue of $807.70 million for the quarter, compared to the consensus estimate of $832.44 million. During the same period in the previous year, the company earned $0.68 earnings per share. The company's revenue for the quarter was down 9.1% compared to the same quarter last year. On average, equities research analysts forecast that Entegris, Inc. will post 2.99 earnings per share for the current fiscal year.

Entegris Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th were paid a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.37%. Entegris's dividend payout ratio is presently 26.49%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft lowered their target price on Entegris from $145.00 to $115.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. Citigroup dropped their target price on shares of Entegris from $130.00 to $123.00 and set a "buy" rating on the stock in a report on Wednesday, November 6th. KeyCorp decreased their price target on shares of Entegris from $164.00 to $154.00 and set an "overweight" rating for the company in a research note on Tuesday, November 5th. BMO Capital Markets dropped their price objective on shares of Entegris from $145.00 to $135.00 and set an "outperform" rating on the stock in a research note on Tuesday, November 5th. Finally, Mizuho decreased their target price on shares of Entegris from $143.00 to $125.00 and set an "outperform" rating for the company in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $135.40.

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).