Gates Capital Management Inc. Decreases Stock Position in Entegris, Inc. (NASDAQ:ENTG)

Gates Capital Management Inc. reduced its holdings in Entegris, Inc. (NASDAQ:ENTG) by 28.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 509,854 shares of the semiconductor company’s stock after selling 204,400 shares during the period. Entegris makes up 0.9% of Gates Capital Management Inc.’s holdings, making the stock its 27th biggest position. Gates Capital Management Inc.’s holdings in Entegris were worth $50,506,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Quarry LP acquired a new stake in shares of Entegris during the fourth quarter valued at about $28,000. Fortitude Family Office LLC increased its stake in Entegris by 195.7% during the fourth quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 274 shares during the period. Parvin Asset Management LLC purchased a new position in shares of Entegris in the fourth quarter valued at approximately $69,000. Promus Capital LLC purchased a new stake in Entegris during the 4th quarter worth approximately $71,000. Finally, Eagle Bay Advisors LLC lifted its holdings in Entegris by 4,375.0% during the 4th quarter. Eagle Bay Advisors LLC now owns 716 shares of the semiconductor company’s stock worth $71,000 after buying an additional 700 shares in the last quarter.

Entegris Stock Performance

NASDAQ ENTG opened at $76.36 on Friday. The business’s 50 day moving average is $83.04 and its two-hundred day moving average is $96.64. The stock has a market capitalization of $11.55 billion, a price-to-earnings ratio of 39.56, a PEG ratio of 1.50 and a beta of 1.33. Entegris, Inc. has a 12-month low of $60.75 and a 12-month high of $147.57. 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 (NASDAQ:ENTG) last posted its quarterly earnings data on Wednesday, May 7th. The semiconductor company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.02). Entegris had a net margin of 9.03% and a return on equity of 12.83%. The company had revenue of $773.20 million for the quarter, compared to analyst estimates of $790.75 million. During the same period in the previous year, the business earned $0.68 EPS. The firm’s revenue was up .3% on a year-over-year basis. Research analysts expect that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 21st. Investors of record on Wednesday, April 30th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.52%. Entegris’s payout ratio is currently 20.73%.

Insider Activity

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 transaction of $1,352,751.84. Following the sale, the senior vice president now owns 34,820 shares in the company, valued at $3,722,954.40. This represents a 26.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Olivier Blachier sold 984 shares of Entegris stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $108.00, for a total value of $106,272.00. Following the completion of the transaction, the senior vice president now owns 10,903 shares of the company’s stock, valued at approximately $1,177,524. The trade was a 8.28 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ENTG. Needham & Company LLC cut their price objective on Entegris from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday. StockNews.com downgraded shares of Entegris from a “hold” rating to a “sell” rating in a research report on Saturday, April 19th. KeyCorp cut their target price on Entegris from $130.00 to $117.00 and set an “overweight” rating on the stock in a research report on Thursday. UBS Group reduced their price objective on shares of Entegris from $90.00 to $85.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, Citigroup decreased their target price on Entegris from $125.00 to $102.00 and set a “buy” rating for the company in a research report on Thursday. 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 stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $113.00.

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).