Handelsbanken Fonder AB Cuts Holdings in Entegris, Inc. (NASDAQ:ENTG)

Handelsbanken Fonder AB trimmed its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 1.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,826 shares of the semiconductor company’s stock after selling 400 shares during the period. Handelsbanken Fonder AB’s holdings in Entegris were worth $4,044,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Capital Performance Advisors LLP purchased a new position in Entegris in the 3rd quarter valued at approximately $29,000. Blue Trust Inc. increased its stake in 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 increased its stake in Entegris by 195.7% in the 4th 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 in the last quarter. Covestor Ltd increased its stake in Entegris by 241.8% in the 3rd quarter. Covestor Ltd now owns 417 shares of the semiconductor company’s stock valued at $47,000 after purchasing an additional 295 shares in the last quarter. Finally, Huntington National Bank increased its stake in Entegris by 41.0% in the 3rd quarter. Huntington National Bank now owns 454 shares of the semiconductor company’s stock valued at $51,000 after purchasing an additional 132 shares in the last quarter.

Entegris Stock Performance

ENTG opened at $104.09 on Monday. The firm has a market capitalization of $15.73 billion, a P/E ratio of 53.93, a price-to-earnings-growth ratio of 1.50 and a beta of 1.24. The stock’s 50 day moving average price is $103.09 and its two-hundred day moving average price is $106.42. 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 12-month low of $94.92 and a 12-month high of $147.57.

Entegris (NASDAQ:ENTG) last posted its earnings results 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%. On average, equities analysts forecast that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th were paid a dividend of $0.10 per share. The ex-dividend date was Wednesday, January 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.38%. Entegris’s dividend payout ratio (DPR) is presently 20.73%.

Analyst Ratings Changes

ENTG has been the topic of several analyst reports. StockNews.com upgraded Entegris from a “sell” rating to a “hold” rating in a report on Wednesday, February 19th. BMO Capital Markets decreased their price objective on Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. Citigroup reduced their target price on 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 reiterated a “buy” rating and issued a $120.00 target price on shares of Entegris in a report on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $128.78.

Insider Buying and Selling

In other news, 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 transaction 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 $3,722,954.40. This represents a 26.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.67% of the stock is owned by insiders.

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).