Entegris, Inc. (NASDAQ:ENTG) Shares Sold by Tran Capital Management L.P.

Tran Capital Management L.P. lessened its stake in Entegris, Inc. (NASDAQ:ENTG) by 7.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 309,592 shares of the semiconductor company’s stock after selling 23,307 shares during the period. Entegris accounts for approximately 4.8% of Tran Capital Management L.P.’s portfolio, making the stock its 7th largest position. Tran Capital Management L.P. owned approximately 0.21% of Entegris worth $43,510,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. WCM Investment Management LLC raised its holdings in shares of Entegris by 0.4% in the fourth quarter. WCM Investment Management LLC now owns 5,173,163 shares of the semiconductor company’s stock valued at $628,177,000 after buying an additional 22,249 shares during the last quarter. California Public Employees Retirement System raised its holdings in shares of Entegris by 17.6% in the fourth quarter. California Public Employees Retirement System now owns 257,147 shares of the semiconductor company’s stock valued at $30,811,000 after buying an additional 38,557 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Entegris in the fourth quarter valued at about $892,000. Stifel Financial Corp raised its holdings in shares of Entegris by 6.5% in the fourth quarter. Stifel Financial Corp now owns 122,392 shares of the semiconductor company’s stock valued at $14,665,000 after buying an additional 7,456 shares during the last quarter. Finally, Schroder Investment Management Group raised its holdings in shares of Entegris by 14.8% in the fourth quarter. Schroder Investment Management Group now owns 487,517 shares of the semiconductor company’s stock valued at $58,414,000 after buying an additional 62,761 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on ENTG shares. Mizuho upped their target price on shares of Entegris from $140.00 to $143.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $150.00 target price on shares of Entegris in a report on Monday, May 13th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $160.00 target price on shares of Entegris in a report on Wednesday, June 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $149.80.

Entegris Trading Up 3.0 %

ENTG stock traded up $4.07 during midday trading on Thursday, hitting $140.68. The stock had a trading volume of 1,205,623 shares, compared to its average volume of 1,368,395. The firm has a market cap of $21.21 billion, a PE ratio of 67.63, a price-to-earnings-growth ratio of 1.56 and a beta of 1.25. The company has a debt-to-equity ratio of 1.22, a current ratio of 3.35 and a quick ratio of 2.02. Entegris, Inc. has a 12-month low of $84.13 and a 12-month high of $146.91. The company’s 50-day moving average price is $132.05 and its 200 day moving average price is $129.37.

Entegris (NASDAQ:ENTG) last released its earnings results on Wednesday, May 1st. The semiconductor company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.61 by $0.07. The firm had revenue of $771.03 million during the quarter, compared to analysts’ expectations of $769.24 million. Entegris had a net margin of 9.31% and a return on equity of 11.94%. Entegris’s revenue for the quarter was down 16.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.65 EPS. On average, equities research analysts predict that Entegris, Inc. will post 3.25 earnings per share for the current fiscal year.

Entegris Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Wednesday, May 1st were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, April 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.28%. Entegris’s payout ratio is 19.23%.

Insider Activity at Entegris

In related news, SVP Olivier Blachier sold 1,986 shares of Entegris stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $133.84, for a total transaction of $265,806.24. Following the transaction, the senior vice president now owns 12,356 shares in the company, valued at approximately $1,653,727.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Entegris news, SVP Clinton M. Haris sold 5,005 shares of the business’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $124.74, for a total value of $624,323.70. Following the transaction, the senior vice president now owns 34,600 shares in the company, valued at approximately $4,316,004. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Olivier Blachier sold 1,986 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $133.84, for a total transaction of $265,806.24. Following the completion of the transaction, the senior vice president now owns 12,356 shares in the company, valued at approximately $1,653,727.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,752 shares of company stock worth $1,792,723. 0.67% of the stock is currently owned by corporate insiders.

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).