Sei Investments Co. Sells 4,200 Shares of Entegris, Inc. (NASDAQ:ENTG)

Sei Investments Co. lowered its position in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 0.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 515,471 shares of the semiconductor company's stock after selling 4,200 shares during the period. Sei Investments Co. owned 0.34% of Entegris worth $51,063,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Synovus Financial Corp increased its stake in shares of Entegris by 102.3% during the 3rd quarter. Synovus Financial Corp now owns 38,253 shares of the semiconductor company's stock worth $4,305,000 after purchasing an additional 19,340 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Entegris by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,065,812 shares of the semiconductor company's stock worth $119,936,000 after purchasing an additional 14,650 shares in the last quarter. Swedbank AB increased its position in Entegris by 47.7% during the fourth quarter. Swedbank AB now owns 1,550,942 shares of the semiconductor company's stock worth $153,636,000 after buying an additional 500,581 shares during the last quarter. Argent Capital Management LLC raised its holdings in Entegris by 9.9% during the fourth quarter. Argent Capital Management LLC now owns 31,066 shares of the semiconductor company's stock valued at $3,077,000 after buying an additional 2,793 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of Entegris by 14.8% in 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 buying an additional 137,046 shares during the last quarter.

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Entegris Stock Performance

Shares of ENTG traded up $0.10 during mid-day trading on Thursday, hitting $92.54. The company's stock had a trading volume of 2,423,445 shares, compared to its average volume of 1,949,030. The stock's 50-day moving average is $101.94 and its two-hundred day moving average is $104.41. The firm has a market capitalization of $14.00 billion, a PE ratio of 47.95, a price-to-earnings-growth ratio of 1.50 and a beta of 1.32. 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 one year low of $91.02 and a one year high of $147.57.

Entegris (NASDAQ:ENTG - Get Free Report) last released its earnings results on Thursday, February 6th. The semiconductor company reported $0.84 EPS for the quarter, beating 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%. As a group, sell-side analysts anticipate that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend was Wednesday, January 29th. Entegris's dividend payout ratio (DPR) is presently 20.73%.

Insider Activity at Entegris

In other Entegris news, SVP Olivier Blachier sold 984 shares of Entegris stock in a transaction on Friday, February 21st. The shares were sold at an average price of $108.00, for a total transaction of $106,272.00. Following the sale, the senior vice president now owns 10,903 shares in the company, valued at $1,177,524. The trade was a 8.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Clinton M. Haris sold 12,652 shares of the business's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $106.92, for a total transaction of $1,352,751.84. Following the completion of the sale, the senior vice president now directly owns 34,820 shares in the company, valued at $3,722,954.40. This trade represents a 26.65 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. StockNews.com lowered Entegris from a "hold" rating to a "sell" rating in a report on Monday. Needham & Company LLC reissued a "buy" rating and issued a $120.00 price target on shares of Entegris in a research report on Friday, February 7th. Mizuho decreased their price objective on shares of Entegris from $125.00 to $120.00 and set an "outperform" rating for the company in a report on Tuesday, January 7th. Finally, KeyCorp dropped their target price on shares of Entegris from $150.00 to $141.00 and set an "overweight" rating on the stock in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price 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).