First Manhattan CO. LLC. Boosts Stock Holdings in Entegris, Inc. (NASDAQ:ENTG)

First Manhattan CO. LLC. lifted its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 0.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 55,991 shares of the semiconductor company’s stock after acquiring an additional 440 shares during the quarter. First Manhattan CO. LLC.’s holdings in Entegris were worth $5,546,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Entegris by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 15,202,146 shares of the semiconductor company’s stock worth $1,505,925,000 after acquiring an additional 169,180 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Entegris by 33.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 11,194,612 shares of the semiconductor company’s stock worth $1,108,940,000 after purchasing an additional 2,826,463 shares in the last quarter. Norges Bank bought a new position in Entegris in the 4th quarter worth about $445,988,000. D1 Capital Partners L.P. grew its holdings in Entegris by 329.4% during the 4th quarter. D1 Capital Partners L.P. now owns 2,752,902 shares of the semiconductor company’s stock valued at $272,702,000 after buying an additional 2,111,801 shares in the last quarter. Finally, Cantillon Capital Management LLC increased its position in shares of Entegris by 12.6% during the fourth quarter. Cantillon Capital Management LLC now owns 2,616,354 shares of the semiconductor company’s stock valued at $259,176,000 after buying an additional 291,893 shares during the period.

Insider Buying and Selling at Entegris

In other Entegris news, SVP Clinton M. Haris sold 12,652 shares of Entegris 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. The trade was a 26.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Olivier Blachier sold 984 shares of the 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 sale, the senior vice president now directly owns 10,903 shares of the company’s stock, valued at approximately $1,177,524. This trade represents a 8.28 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.67% of the company’s stock.

Entegris Price Performance

ENTG opened at $76.36 on Friday. The stock has a market capitalization of $11.55 billion, a P/E ratio of 39.56, a PEG ratio of 1.50 and a beta of 1.33. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08. Entegris, Inc. has a 12-month low of $60.75 and a 12-month high of $147.57. The stock has a 50-day moving average price of $83.04 and a 200-day moving average price of $96.64.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings results on Wednesday, May 7th. The semiconductor company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.02). The business had revenue of $773.20 million for the quarter, compared to the consensus estimate of $790.75 million. Entegris had a net margin of 9.03% and a return on equity of 12.83%. The firm’s revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.68 earnings per share. Equities analysts predict that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Wednesday, April 30th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend is Wednesday, April 30th. Entegris’s dividend payout ratio is presently 20.73%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. StockNews.com lowered shares of Entegris from a “hold” rating to a “sell” rating in a research report on Saturday, April 19th. UBS Group reduced their price target on shares of Entegris from $90.00 to $85.00 and set a “neutral” rating for the company in a research report on Thursday. Citigroup lowered their price objective on Entegris from $125.00 to $102.00 and set a “buy” rating on the stock in a research report on Thursday. KeyCorp reduced their target price on Entegris from $130.00 to $117.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, Needham & Company LLC lowered their price target on Entegris from $120.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $113.00.

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).