JPMorgan Chase & Co. Has $434.69 Million Position in Entegris, Inc. (NASDAQ:ENTG)

JPMorgan Chase & Co. trimmed its holdings in Entegris, Inc. (NASDAQ:ENTG) by 32.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,388,139 shares of the semiconductor company’s stock after selling 2,146,235 shares during the quarter. JPMorgan Chase & Co.’s holdings in Entegris were worth $434,689,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in ENTG. Elo Mutual Pension Insurance Co raised its stake in Entegris by 6.4% during the 4th quarter. Elo Mutual Pension Insurance Co now owns 14,254 shares of the semiconductor company’s stock worth $1,412,000 after buying an additional 860 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Entegris by 12.9% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 112,430 shares of the semiconductor company’s stock valued at $11,310,000 after acquiring an additional 12,856 shares in the last quarter. EFG Asset Management North America Corp. raised its position in shares of Entegris by 34.1% during the fourth quarter. EFG Asset Management North America Corp. now owns 21,594 shares of the semiconductor company’s stock worth $2,139,000 after purchasing an additional 5,493 shares during the period. Walnut Level Capital LLC bought a new position in shares of Entegris in the 4th quarter worth $2,328,000. Finally, Vanguard Group Inc. grew its position in Entegris by 1.1% in the 4th 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 during the period.

Insider Buying and Selling at Entegris

In other Entegris news, SVP Olivier Blachier sold 984 shares of Entegris stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $108.00, for a total transaction of $106,272.00. Following the sale, the senior vice president now directly owns 10,903 shares of the company’s stock, valued at approximately $1,177,524. The trade was a 8.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Clinton M. Haris sold 12,652 shares of Entegris stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $106.92, for a total value of $1,352,751.84. Following the sale, the senior vice president now owns 34,820 shares in the company, 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. Insiders own 0.67% of the company’s stock.

Entegris Stock Performance

NASDAQ:ENTG opened at $88.74 on Friday. The company has a market capitalization of $13.43 billion, a price-to-earnings ratio of 45.98, a PEG ratio of 1.50 and a beta of 1.32. The business has a 50 day moving average of $101.34 and a 200 day moving average of $104.19. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.08 and a quick ratio of 1.86. Entegris, Inc. has a 1-year low of $87.72 and a 1-year high of $147.57.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.07. Entegris had a return on equity of 12.83% and a net margin of 9.03%. On average, sell-side analysts predict that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.45%. The ex-dividend date was Wednesday, January 29th. Entegris’s dividend payout ratio (DPR) is currently 20.73%.

Analyst Upgrades and Downgrades

ENTG has been the topic of several research reports. Mizuho lowered their price objective 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 target price on shares of Entegris in a report on Friday, February 7th. KeyCorp dropped their price target on shares of Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th. Finally, StockNews.com lowered Entegris from a “hold” rating to a “sell” rating in a report on Monday, March 24th. One 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. According to data from MarketBeat, Entegris presently has a consensus rating of “Moderate Buy” and an average price target of $124.88.

Entegris Company 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).