Entegris, Inc. (NASDAQ:ENTG) Shares Sold by Korea Investment CORP

Korea Investment CORP reduced its stake in Entegris, Inc. (NASDAQ:ENTG) by 32.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 62,325 shares of the semiconductor company’s stock after selling 29,994 shares during the quarter. Korea Investment CORP’s holdings in Entegris were worth $6,174,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fortitude Family Office LLC grew its holdings in shares of Entegris by 195.7% in the fourth quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 274 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of Entegris during the 4th quarter worth $42,000. Eagle Bay Advisors LLC increased its position in shares of Entegris by 4,375.0% during the 4th quarter. Eagle Bay Advisors LLC now owns 716 shares of the semiconductor company’s stock worth $71,000 after purchasing an additional 700 shares during the last quarter. Promus Capital LLC purchased a new stake in Entegris in the 4th quarter valued at about $71,000. Finally, Smartleaf Asset Management LLC raised its holdings in Entegris by 27.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 731 shares of the semiconductor company’s stock valued at $73,000 after buying an additional 158 shares during the period.

Analyst Upgrades and Downgrades

ENTG has been the subject of a number of recent analyst reports. KeyCorp dropped their price target on shares of Entegris from $150.00 to $141.00 and set an “overweight” rating for the company in a research report on Friday, February 7th. Needham & Company LLC restated a “buy” rating and issued a $120.00 price objective on shares of Entegris in a report on Friday, February 7th. Mizuho decreased their target price on Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Finally, StockNews.com downgraded shares of Entegris from a “hold” rating to a “sell” rating in a research report on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $124.88.

Insider Buying and Selling at Entegris

In other news, SVP Clinton M. Haris sold 12,652 shares of the firm’s stock in a transaction 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 completion of the transaction, the senior vice president now owns 34,820 shares in the company, valued at $3,722,954.40. This trade represents a 26.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 approximately $1,177,524. This trade represents a 8.28 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is owned by corporate insiders.

Entegris Trading Down 1.4 %

ENTG opened at $87.48 on Tuesday. The company has a quick ratio of 1.86, a current ratio of 3.08 and a debt-to-equity ratio of 1.08. Entegris, Inc. has a 52 week low of $84.75 and a 52 week high of $147.57. The business’s 50 day moving average is $100.96 and its two-hundred day moving average is $104.00. The firm has a market cap of $13.24 billion, a price-to-earnings ratio of 45.33, a price-to-earnings-growth ratio of 1.50 and a beta of 1.32.

Entegris (NASDAQ:ENTG) last announced its earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share 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%. On average, research analysts predict that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.46%. The ex-dividend date was Wednesday, January 29th. Entegris’s payout ratio is 20.73%.

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).