Wellington Management Group LLP Cuts Holdings in Entegris, Inc. (NASDAQ:ENTG)

Wellington Management Group LLP cut its holdings in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 61.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 317,915 shares of the semiconductor company's stock after selling 514,314 shares during the quarter. Wellington Management Group LLP owned approximately 0.21% of Entegris worth $31,493,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Synovus Financial Corp lifted its position in shares of Entegris by 102.3% in 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 period. Swedbank AB raised its stake in Entegris by 47.7% in 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 in the last quarter. Argent Capital Management LLC lifted 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 worth $3,077,000 after buying an additional 2,793 shares during the period. Assenagon Asset Management S.A. boosted its position in Entegris by 14.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,060,378 shares of the semiconductor company's stock valued at $105,041,000 after acquiring an additional 137,046 shares in the last quarter. Finally, Callan Family Office LLC purchased a new position in shares of Entegris in the 4th quarter valued at $308,000.

Entegris Stock Performance

ENTG stock traded up $0.82 during trading on Friday, reaching $69.72. The company had a trading volume of 3,570,392 shares, compared to its average volume of 2,265,169. The company has a market cap of $10.55 billion, a price-to-earnings ratio of 36.12, a price-to-earnings-growth ratio of 1.50 and a beta of 1.36. Entegris, Inc. has a twelve month low of $60.75 and a twelve month high of $147.57. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.86 and a current ratio of 3.08. The firm has a 50-day simple moving average of $94.48 and a 200-day simple moving average of $101.13.

Entegris (NASDAQ:ENTG - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.84 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 12.83%. As a group, sell-side analysts expect that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend was Wednesday, January 29th. Entegris's dividend payout ratio is presently 20.73%.

Insider Transactions at Entegris

In other news, SVP Olivier Blachier sold 984 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $108.00, for a total value of $106,272.00. Following the sale, the senior vice president now owns 10,903 shares in the company, valued at $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 is available through the SEC website. 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 transaction, the senior vice president now owns 34,820 shares of the company's stock, valued at $3,722,954.40. This represents a 26.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.67% of the company's stock.

Wall Street Analyst Weigh In

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