Tredje AP fonden Cuts Stake in Entegris, Inc. (NASDAQ:ENTG)

Tredje AP fonden reduced its stake in Entegris, Inc. (NASDAQ:ENTG) by 50.0% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 11,699 shares of the semiconductor company’s stock after selling 11,698 shares during the quarter. Tredje AP fonden’s holdings in Entegris were worth $1,159,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Synovus Financial Corp boosted its holdings in shares of Entegris by 102.3% in the 3rd quarter. Synovus Financial Corp now owns 38,253 shares of the semiconductor company’s stock worth $4,305,000 after buying an additional 19,340 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Entegris by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,065,812 shares of the semiconductor company’s stock worth $119,936,000 after buying an additional 14,650 shares during the last quarter. Swedbank AB boosted its holdings in shares of Entegris by 47.7% in the 4th quarter. Swedbank AB now owns 1,550,942 shares of the semiconductor company’s stock worth $153,636,000 after buying an additional 500,581 shares during the last quarter. Argent Capital Management LLC boosted its holdings in shares of Entegris by 9.9% in the 4th quarter. Argent Capital Management LLC now owns 31,066 shares of the semiconductor company’s stock worth $3,077,000 after buying an additional 2,793 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in Entegris during the third quarter valued at about $1,158,000.

Entegris Trading Up 4.2 %

Shares of Entegris stock opened at $98.37 on Friday. Entegris, Inc. has a 12-month low of $92.84 and a 12-month high of $147.57. The company has a market cap of $14.87 billion, a price-to-earnings ratio of 50.97, a PEG ratio of 1.50 and a beta of 1.32. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08. The company’s 50-day moving average price is $102.34 and its 200-day moving average price is $105.25.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, topping 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 analysts expect that Entegris, Inc. will post 3.51 earnings per share for the current fiscal 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 given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.41%. The ex-dividend date was Wednesday, January 29th. Entegris’s dividend payout ratio (DPR) is 20.73%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Mizuho dropped 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. StockNews.com raised shares of Entegris from a “sell” rating to a “hold” rating in a report on Thursday. KeyCorp dropped their price objective on shares of Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $120.00 price objective on shares of Entegris in a report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $124.88.

Insider Buying and Selling

In related news, SVP Olivier Blachier sold 984 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $108.00, for a total value of $106,272.00. Following the transaction, the senior vice president now directly owns 10,903 shares in the company, valued at approximately $1,177,524. This represents a 8.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Clinton M. Haris sold 12,652 shares of the company’s stock in a transaction that occurred on 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 owns 34,820 shares in the company, valued at approximately $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 owned by company insiders.

About Entegris

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).