Sei Investments Co. Cuts Stake in Entegris, Inc. (NASDAQ:ENTG)

Sei Investments Co. trimmed its stake in Entegris, Inc. (NASDAQ:ENTGFree Report) by 4.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 374,803 shares of the semiconductor company’s stock after selling 17,688 shares during the period. Sei Investments Co.’s holdings in Entegris were worth $35,198,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Seven Eight Capital LP acquired a new stake in Entegris during the 3rd quarter worth about $377,000. London Co. of Virginia grew its position in shares of Entegris by 0.6% in the third quarter. London Co. of Virginia now owns 2,867,758 shares of the semiconductor company’s stock valued at $269,311,000 after purchasing an additional 17,077 shares in the last quarter. Earnest Partners LLC grew its position in Entegris by 1.6% in the third quarter. Earnest Partners LLC now owns 1,770,010 shares of the semiconductor company’s stock worth $166,222,000 after acquiring an additional 27,810 shares during the period. SRS Capital Advisors Inc. grew its position in Entegris by 13.0% in the third quarter. SRS Capital Advisors Inc. now owns 2,686 shares of the semiconductor company’s stock worth $252,000 after acquiring an additional 308 shares during the period. Finally, Rehmann Capital Advisory Group grew its position in Entegris by 4.3% in the third quarter. Rehmann Capital Advisory Group now owns 2,615 shares of the semiconductor company’s stock worth $246,000 after acquiring an additional 108 shares during the period.

Entegris Stock Up 4.4 %

Entegris stock opened at $145.37 on Friday. The stock has a market capitalization of $21.86 billion, a PE ratio of 122.16 and a beta of 1.32. Entegris, Inc. has a twelve month low of $69.37 and a twelve month high of $146.33. The company has a quick ratio of 2.67, a current ratio of 3.85 and a debt-to-equity ratio of 1.35. The company has a 50 day moving average of $123.93 and a 200-day moving average of $108.04.

Entegris (NASDAQ:ENTGGet Free Report) last posted its quarterly earnings results on Tuesday, February 13th. The semiconductor company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.06. Entegris had a net margin of 5.13% and a return on equity of 12.00%. The firm had revenue of $812.30 million for the quarter, compared to analyst estimates of $780.95 million. During the same period in the prior year, the firm posted $0.83 earnings per share. The company’s quarterly revenue was down 14.1% compared to the same quarter last year. On average, equities research analysts anticipate that Entegris, Inc. will post 3.31 EPS for the current fiscal year.

Entegris Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 21st. Shareholders of record on Wednesday, January 31st were issued a dividend of $0.10 per share. The ex-dividend date was Tuesday, January 30th. This represents a $0.40 annualized dividend and a yield of 0.28%. Entegris’s payout ratio is 33.61%.

Analysts Set New Price Targets

Several research firms recently commented on ENTG. Craig Hallum raised Entegris from a “hold” rating to a “buy” rating and set a $150.00 target price on the stock in a report on Thursday, February 15th. UBS Group lifted their price target on shares of Entegris from $90.00 to $130.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. The Goldman Sachs Group lifted their price objective on Entegris from $104.00 to $147.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Wolfe Research initiated coverage on shares of Entegris in a report on Friday, March 1st. They set an “outperform” rating and a $160.00 target price on the stock. Finally, KeyCorp boosted their price objective on shares of Entegris from $136.00 to $164.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $141.64.

Get Our Latest Report on ENTG

Insider Activity

In other Entegris news, SVP Susan G. Rice sold 17,518 shares of Entegris stock in a transaction on Friday, February 16th. The shares were sold at an average price of $135.86, for a total transaction of $2,379,995.48. Following the transaction, the senior vice president now directly owns 42,931 shares of the company’s stock, valued at approximately $5,832,605.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Susan G. Rice sold 17,518 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $135.86, for a total value of $2,379,995.48. Following the sale, the senior vice president now directly owns 42,931 shares in the company, valued at approximately $5,832,605.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Michael Sauer sold 1,897 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $132.54, for a total value of $251,428.38. Following the sale, the chief accounting officer now owns 1,779 shares in the company, valued at $235,788.66. The disclosure for this sale can be found here. Insiders sold 43,939 shares of company stock worth $5,951,089 in the last quarter. 0.81% of the stock is owned by corporate insiders.

About Entegris

(Free Report)

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 four segments: Specialty Chemicals and Engineered Materials (SCEM); Microcontamination Control (MC); The Advanced Planarization Solutions (APS); and Advanced Materials Handling (AMH).

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Institutional Ownership by Quarter for Entegris (NASDAQ:ENTG)

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