Montanaro Asset Management Ltd Sells 17,621 Shares of Entegris, Inc. (NASDAQ:ENTG)

Montanaro Asset Management Ltd decreased its holdings in Entegris, Inc. (NASDAQ:ENTG) by 16.0% in the fourth quarter, Holdings Channel reports. The firm owned 92,600 shares of the semiconductor company’s stock after selling 17,621 shares during the quarter. Entegris accounts for about 1.9% of Montanaro Asset Management Ltd’s portfolio, making the stock its 23rd biggest position. Montanaro Asset Management Ltd’s holdings in Entegris were worth $9,173,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Entegris by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 15,202,146 shares of the semiconductor company’s stock valued at $1,505,925,000 after purchasing an additional 169,180 shares in the last quarter. Mountaineer Partners Management LLC lifted its stake in Entegris by 16,255.1% during the 3rd quarter. Mountaineer Partners Management LLC now owns 11,044,594 shares of the semiconductor company’s stock valued at $1,242,848,000 after acquiring an additional 10,977,064 shares during the period. Cantillon Capital Management LLC boosted its holdings in shares of Entegris by 12.6% during the 4th quarter. Cantillon Capital Management LLC now owns 2,616,354 shares of the semiconductor company’s stock valued at $259,176,000 after acquiring an additional 291,893 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Entegris by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,537,948 shares of the semiconductor company’s stock valued at $284,941,000 after acquiring an additional 49,846 shares during the last quarter. Finally, Swedbank AB grew its stake in shares of 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 acquiring an additional 500,581 shares during the period.

Insiders Place Their Bets

In other news, SVP Olivier Blachier sold 984 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $108.00, for a total value of $106,272.00. Following the transaction, the senior vice president now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Clinton M. Haris sold 12,652 shares of the company’s stock in a transaction dated 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 completion of 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 position. The disclosure for this sale can be found here. Company insiders own 0.67% of the company’s stock.

Entegris Price Performance

Shares of Entegris stock opened at $92.44 on Thursday. The stock has a market cap of $13.99 billion, a P/E ratio of 47.90, a P/E/G 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. The stock’s fifty day moving average is $101.94 and its 200 day moving average is $104.41. Entegris, Inc. has a one year low of $91.29 and a one year high of $147.57.

Entegris (NASDAQ:ENTG) 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 return on equity of 12.83% and a net margin of 9.03%. Sell-side analysts anticipate that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend was Wednesday, January 29th. Entegris’s dividend payout ratio is currently 20.73%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ENTG shares. Mizuho dropped 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. Needham & Company LLC restated a “buy” rating and issued a $120.00 price target on shares of Entegris in a research note on Friday, February 7th. StockNews.com cut Entegris from a “hold” rating to a “sell” rating in a research report on Monday. Finally, KeyCorp dropped their target price on Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $124.88.

Entegris 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).