Entegris, Inc. (NASDAQ:ENTG) Stock Position Decreased by Prudential PLC

Prudential PLC lessened its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 33.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,624 shares of the semiconductor company’s stock after selling 2,835 shares during the period. Prudential PLC’s holdings in Entegris were worth $674,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of ENTG. Vanguard Personalized Indexing Management LLC grew its position in shares of Entegris by 7.9% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 3,882 shares of the semiconductor company’s stock valued at $365,000 after buying an additional 283 shares during the last quarter. Pathstone Family Office LLC grew its position in shares of Entegris by 191.9% during the 3rd quarter. Pathstone Family Office LLC now owns 7,416 shares of the semiconductor company’s stock valued at $696,000 after buying an additional 4,875 shares during the last quarter. HighTower Advisors LLC grew its position in shares of Entegris by 0.9% during the 3rd quarter. HighTower Advisors LLC now owns 32,467 shares of the semiconductor company’s stock valued at $3,050,000 after buying an additional 288 shares during the last quarter. Fiera Capital Corp grew its position in shares of Entegris by 2.4% during the 3rd quarter. Fiera Capital Corp now owns 832,484 shares of the semiconductor company’s stock valued at $78,179,000 after buying an additional 19,830 shares during the last quarter. Finally, First National Advisers LLC grew its position in shares of Entegris by 65.8% during the 3rd quarter. First National Advisers LLC now owns 11,427 shares of the semiconductor company’s stock valued at $1,073,000 after buying an additional 4,534 shares during the last quarter.

Analyst Upgrades and Downgrades

ENTG has been the subject of several recent analyst reports. The Goldman Sachs Group upped their target price on shares of Entegris from $104.00 to $147.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. KeyCorp upped their target price on shares of Entegris from $136.00 to $164.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. BMO Capital Markets upped their target price on shares of Entegris from $130.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. Needham & Company LLC restated a “buy” rating and issued a $150.00 target price on shares of Entegris in a research report on Monday, May 13th. Finally, Wolfe Research initiated coverage on shares of Entegris in a research report on Friday, March 1st. They issued an “outperform” rating and a $160.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Entegris has a consensus rating of “Moderate Buy” and a consensus target price of $148.67.

Entegris Stock Down 0.9 %

ENTG stock opened at $131.28 on Wednesday. Entegris, Inc. has a 12 month low of $84.13 and a 12 month high of $146.91. The firm has a market cap of $19.80 billion, a PE ratio of 63.10 and a beta of 1.24. The firm has a 50 day simple moving average of $131.22 and a 200 day simple moving average of $126.28. The company has a debt-to-equity ratio of 1.22, a current ratio of 3.35 and a quick ratio of 2.02.

Entegris (NASDAQ:ENTG) last released its earnings results on Wednesday, May 1st. The semiconductor company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.61 by $0.07. Entegris had a net margin of 9.31% and a return on equity of 11.94%. The business had revenue of $771.03 million during the quarter, compared to analyst estimates of $769.24 million. During the same period in the prior year, the business earned $0.65 earnings per share. The business’s quarterly revenue was down 16.4% on a year-over-year basis. Equities research analysts forecast that Entegris, Inc. will post 3.25 earnings per share for the current fiscal year.

Entegris Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Wednesday, May 1st were given a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, April 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.30%. Entegris’s dividend payout ratio (DPR) is presently 19.23%.

Insider Activity at Entegris

In related news, SVP Clinton M. Haris sold 5,005 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $124.74, for a total value of $624,323.70. Following the completion of the sale, the senior vice president now owns 34,600 shares in the company, valued at approximately $4,316,004. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Entegris news, SVP Clinton M. Haris sold 5,005 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $124.74, for a total value of $624,323.70. Following the transaction, the senior vice president now owns 34,600 shares in the company, valued at approximately $4,316,004. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Olivier Blachier sold 1,986 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $133.84, for a total transaction of $265,806.24. Following the completion of the transaction, the senior vice president now owns 12,356 shares in the company, valued at approximately $1,653,727.04. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,752 shares of company stock worth $1,792,723. 0.67% of the stock is owned by corporate insiders.

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).