T. Rowe Price Investment Management Inc. Lowers Stake in Entegris, Inc. (NASDAQ:ENTG)

T. Rowe Price Investment Management Inc. decreased its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 0.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 178,211 shares of the semiconductor company’s stock after selling 289 shares during the quarter. T. Rowe Price Investment Management Inc.’s holdings in Entegris were worth $17,654,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Fortitude Family Office LLC raised its holdings in Entegris by 195.7% in the 4th quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 274 shares during the last quarter. Promus Capital LLC purchased a new stake in shares of Entegris in the fourth quarter valued at $71,000. Eagle Bay Advisors LLC increased its stake in Entegris by 4,375.0% in the fourth quarter. Eagle Bay Advisors LLC now owns 716 shares of the semiconductor company’s stock valued at $71,000 after purchasing an additional 700 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in Entegris by 27.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 731 shares of the semiconductor company’s stock worth $73,000 after buying an additional 158 shares during the period. Finally, Blue Trust Inc. boosted its stake in Entegris by 121.3% in the 4th quarter. Blue Trust Inc. now owns 768 shares of the semiconductor company’s stock worth $76,000 after buying an additional 421 shares during the last quarter.

Insider Transactions at Entegris

In other Entegris news, 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 value of $1,352,751.84. Following the transaction, the senior vice president now directly owns 34,820 shares of the company’s stock, valued at $3,722,954.40. This represents a 26.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Olivier Blachier sold 984 shares of the firm’s 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 $1,177,524. The trade was a 8.28 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company’s stock.

Entegris Stock Performance

Shares of ENTG stock opened at $80.73 on Monday. 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 has a market cap of $12.22 billion, a PE ratio of 41.83, a P/E/G ratio of 1.50 and a beta of 1.36. The company’s fifty day simple moving average is $87.46 and its 200-day simple moving average is $98.28. Entegris, Inc. has a 52 week low of $60.75 and a 52 week high of $147.57.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.84 EPS for the quarter, topping 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%. As a group, equities research analysts anticipate that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Wednesday, April 30th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.50%. Entegris’s dividend payout ratio is currently 20.73%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. KeyCorp cut their price objective on shares of Entegris from $141.00 to $130.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $120.00 price target on shares of Entegris in a research note on Friday, February 7th. StockNews.com cut shares of Entegris from a “hold” rating to a “sell” rating in a research note on Saturday, April 19th. Finally, Mizuho cut their target price on Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. One investment 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’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $123.50.

Entegris 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).