WCM Investment Management LLC Sells 271,726 Shares of Entegris, Inc. (NASDAQ:ENTG)

WCM Investment Management LLC decreased its position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 5.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,784,238 shares of the semiconductor company's stock after selling 271,726 shares during the quarter. WCM Investment Management LLC owned about 3.17% of Entegris worth $476,223,000 as of its most recent SEC filing.

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

Entegris Trading Up 1.9 %

Shares of ENTG stock traded up $2.03 during trading hours on Wednesday, reaching $107.77. 1,939,693 shares of the stock were exchanged, compared to its average volume of 2,397,938. Entegris, Inc. has a 12-month low of $94.92 and a 12-month high of $147.57. The company has a current ratio of 2.92, a quick ratio of 1.83 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $16.27 billion, a price-to-earnings ratio of 55.84, a price-to-earnings-growth ratio of 1.49 and a beta of 1.24. The company's 50-day moving average price is $103.21 and its 200-day moving average price is $106.60.

Entegris (NASDAQ:ENTG - Get Free Report) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share (EPS) 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 13.00%. As a group, equities analysts anticipate that Entegris, Inc. will post 3.63 earnings per share for the current year.

Entegris Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date is Wednesday, January 29th. Entegris's payout ratio is presently 20.73%.

Insider Buying and Selling at Entegris

In other Entegris news, SVP Clinton M. Haris sold 12,652 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $106.92, for a total value of $1,352,751.84. Following the sale, the senior vice president now owns 34,820 shares of the company's stock, valued at $3,722,954.40. The trade was a 26.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.67% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. UBS Group lowered their price target on shares of Entegris from $130.00 to $115.00 and set a "neutral" rating for the company in a report on Tuesday, November 5th. Mizuho reduced 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. Citigroup cut their price target 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. Needham & Company LLC reissued a "buy" rating and set a $120.00 price objective on shares of Entegris in a report on Friday, February 7th. Finally, BMO Capital Markets cut their price objective on shares of Entegris from $145.00 to $135.00 and set an "outperform" rating for the company in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Entegris currently has an average rating of "Moderate Buy" and a consensus price target of $130.60.

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).