Entegris, Inc. (NASDAQ:ENTG) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lessened its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 13.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 68,996 shares of the semiconductor company’s stock after selling 10,899 shares during the quarter. Russell Investments Group Ltd.’s holdings in Entegris were worth $8,306,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of ENTG. Robeco Institutional Asset Management B.V. grew its stake in Entegris by 20.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 4,536 shares of the semiconductor company’s stock valued at $426,000 after purchasing an additional 758 shares in the last quarter. Xponance Inc. lifted its holdings in Entegris by 2.1% during the 3rd quarter. Xponance Inc. now owns 6,233 shares of the semiconductor company’s stock worth $585,000 after buying an additional 129 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Entegris by 7.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 64,766 shares of the semiconductor company’s stock worth $6,082,000 after buying an additional 4,255 shares during the last quarter. Strs Ohio lifted its holdings in Entegris by 16.5% during the 3rd quarter. Strs Ohio now owns 81,892 shares of the semiconductor company’s stock worth $7,690,000 after buying an additional 11,592 shares during the last quarter. Finally, IFM Investors Pty Ltd lifted its holdings in Entegris by 2.1% during the 3rd quarter. IFM Investors Pty Ltd now owns 32,456 shares of the semiconductor company’s stock worth $3,048,000 after buying an additional 672 shares during the last quarter.

Entegris Stock Up 1.6 %

Shares of Entegris stock opened at $133.90 on Tuesday. The business’s fifty day moving average price is $135.30 and its two-hundred day moving average price is $119.91. The company has a debt-to-equity ratio of 1.22, a current ratio of 3.35 and a quick ratio of 2.02. The company has a market capitalization of $20.19 billion, a P/E ratio of 64.38 and a beta of 1.31. Entegris, Inc. has a 1-year low of $76.93 and a 1-year high of $146.91.

Entegris (NASDAQ:ENTG) last announced its earnings results on Wednesday, May 1st. The semiconductor company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.07. Entegris had a return on equity of 11.94% and a net margin of 9.31%. The firm had revenue of $771.03 million for the quarter, compared to the consensus estimate of $769.24 million. During the same quarter in the previous year, the business earned $0.65 EPS. The firm’s revenue for the quarter was down 16.4% on a year-over-year basis. As a group, research analysts forecast that Entegris, Inc. will post 3.27 EPS for the current year.

Entegris Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have commented on ENTG. The Goldman Sachs Group increased their target price on Entegris from $104.00 to $147.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Wolfe Research initiated coverage on Entegris in a report on Friday, March 1st. They set an “outperform” rating and a $160.00 target price on the stock. StockNews.com downgraded Entegris from a “hold” rating to a “sell” rating in a report on Thursday, February 22nd. Citigroup raised their price target on Entegris from $117.00 to $134.00 and gave the stock a “neutral” rating in a report on Friday, February 16th. Finally, Mizuho raised their price target on Entegris from $140.00 to $143.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Entegris currently has an average rating of “Moderate Buy” and a consensus price target of $141.91.

Insider Activity

In other news, SVP Susan G. Rice sold 17,518 shares of Entegris stock in a transaction on Friday, February 16th. The stock was sold at an average price of $135.86, for a total transaction of $2,379,995.48. Following the transaction, the senior vice president now directly owns 42,931 shares in the company, valued at approximately $5,832,605.66. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Daniel D. Woodland sold 9,000 shares of Entegris stock in a transaction on Friday, February 16th. The stock was sold at an average price of $139.50, for a total transaction of $1,255,500.00. Following the transaction, the insider now directly owns 32,730 shares in the company, valued at approximately $4,565,835. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Susan G. Rice sold 17,518 shares of Entegris stock in a transaction on Friday, February 16th. The stock was sold at an average price of $135.86, for a total value of $2,379,995.48. Following the completion of the transaction, the senior vice president now owns 42,931 shares in the company, valued at $5,832,605.66. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 41,082 shares of company stock worth $5,606,849. 0.67% of the stock is owned by company 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).