Invesco Ltd. Has $26.41 Million Stock Position in Entegris, Inc. (NASDAQ:ENTG)

Invesco Ltd. trimmed its position in Entegris, Inc. (NASDAQ:ENTG) by 39.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 266,581 shares of the semiconductor company’s stock after selling 177,310 shares during the period. Invesco Ltd. owned approximately 0.18% of Entegris worth $26,408,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in ENTG. Barclays PLC boosted its stake in Entegris by 44.2% during the 3rd quarter. Barclays PLC now owns 963,157 shares of the semiconductor company’s stock valued at $108,383,000 after purchasing an additional 295,358 shares during the last quarter. M&T Bank Corp lifted its holdings in shares of Entegris by 3.2% in the third quarter. M&T Bank Corp now owns 55,222 shares of the semiconductor company’s stock valued at $6,214,000 after purchasing an additional 1,697 shares in the last quarter. Virtu Financial LLC bought a new stake in Entegris during the third quarter worth $782,000. Sanctuary Advisors LLC lifted its stake in Entegris by 22.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 13,038 shares of the semiconductor company’s stock valued at $1,398,000 after acquiring an additional 2,356 shares in the last quarter. Finally, Tidal Investments LLC boosted its holdings in Entegris by 119.2% during the 3rd quarter. Tidal Investments LLC now owns 42,780 shares of the semiconductor company’s stock worth $4,814,000 after acquiring an additional 23,262 shares during the last quarter.

Entegris Stock Performance

Shares of ENTG opened at $68.73 on Friday. Entegris, Inc. has a 1 year low of $60.75 and a 1 year high of $147.57. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.08 and a quick ratio of 1.86. The stock’s fifty day moving average price is $90.83 and its two-hundred day moving average price is $99.71. The firm has a market cap of $10.40 billion, a PE ratio of 35.61, a PEG ratio of 1.50 and a beta of 1.36.

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

Entegris Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 21st. Investors of record on Wednesday, April 30th will be paid a dividend of $0.10 per share. The ex-dividend date is Wednesday, April 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.58%. Entegris’s payout ratio is 20.73%.

Insider Buying and Selling

In other news, SVP Olivier Blachier sold 984 shares of the company’s stock in a transaction dated 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 in the company, valued at $1,177,524. This represents a 8.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Clinton M. Haris sold 12,652 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were 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 owns 34,820 shares of the company’s stock, valued at $3,722,954.40. This trade represents a 26.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ENTG shares. StockNews.com lowered shares of Entegris from a “hold” rating to a “sell” rating in a research report on Saturday. Needham & Company LLC reissued a “buy” rating and set a $120.00 target price on shares of Entegris in a research report on Friday, February 7th. KeyCorp reduced their target price on Entegris from $141.00 to $130.00 and set an “overweight” rating for the company in a report on Monday, April 14th. Finally, Mizuho dropped their price target on Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a report on Tuesday, January 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, Entegris has an average rating of “Moderate Buy” and an average price target of $123.50.

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).