Fjarde AP Fonden Fourth Swedish National Pension Fund Has $2.41 Million Stock Position in Entegris, Inc. $ENTG

Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 8.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,600 shares of the semiconductor company’s stock after selling 2,500 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Entegris were worth $2,414,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Mackenzie Financial Corp raised its holdings in shares of Entegris by 61.4% in the 1st quarter. Mackenzie Financial Corp now owns 8,891 shares of the semiconductor company’s stock worth $778,000 after acquiring an additional 3,382 shares during the last quarter. Compass Wealth Management LLC bought a new stake in Entegris in the 1st quarter worth about $1,614,000. Sequoia Financial Advisors LLC increased its stake in Entegris by 11.5% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,767 shares of the semiconductor company’s stock valued at $242,000 after buying an additional 285 shares during the last quarter. Sarasin & Partners LLP purchased a new stake in Entegris in the 1st quarter valued at about $1,544,000. Finally, New York State Teachers Retirement System purchased a new stake in Entegris in the 1st quarter valued at about $4,870,000.

Entegris Stock Down 2.2%

Entegris stock opened at $77.12 on Monday. Entegris, Inc. has a twelve month low of $60.75 and a twelve month high of $119.95. The firm has a 50 day moving average price of $82.08 and a 200-day moving average price of $84.90. The company has a market capitalization of $11.69 billion, a P/E ratio of 39.75 and a beta of 1.22. The company has a quick ratio of 1.95, a current ratio of 3.30 and a debt-to-equity ratio of 1.04.

Entegris (NASDAQ:ENTG) last released its earnings results on Wednesday, July 30th. The semiconductor company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.01. The firm had revenue of $792.40 million during the quarter, compared to the consensus estimate of $753.85 million. Entegris had a net margin of 9.17% and a return on equity of 12.05%. The company’s revenue was down 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.71 EPS. As a group, equities analysts predict that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 20th. Investors of record on Wednesday, July 30th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, July 30th. This represents a $0.40 annualized dividend and a yield of 0.5%. Entegris’s dividend payout ratio (DPR) is 20.62%.

Insider Activity at Entegris

In related news, SVP Susan G. Rice sold 8,858 shares of the firm’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $79.84, for a total value of $707,222.72. Following the completion of the transaction, the senior vice president directly owned 56,912 shares of the company’s stock, valued at approximately $4,543,854.08. This trade represents a 13.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Clinton M. Haris sold 3,627 shares of the firm’s stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $90.00, for a total transaction of $326,430.00. Following the completion of the transaction, the senior vice president directly owned 37,743 shares of the company’s stock, valued at approximately $3,396,870. This trade represents a 8.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,760 shares of company stock valued at $1,053,513. 0.61% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on ENTG shares. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 price objective on shares of Entegris in a research note on Tuesday, May 20th. Mizuho increased their price objective on shares of Entegris from $90.00 to $98.00 and gave the company an “outperform” rating in a research note on Tuesday, July 15th. Wall Street Zen lowered shares of Entegris from a “hold” rating to a “sell” rating in a research note on Saturday, August 2nd. KeyCorp reiterated an “overweight” rating and issued a $103.00 price objective (down previously from $112.00) on shares of Entegris in a research note on Thursday, July 31st. Finally, Citigroup decreased their price objective on shares of Entegris from $125.00 to $102.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Entegris has an average rating of “Moderate Buy” and an average target price of $106.44.

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).