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

Tran Capital Management L.P. trimmed its position in Entegris, Inc. (NASDAQ:ENTG) by 5.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 234,926 shares of the semiconductor company’s stock after selling 13,097 shares during the quarter. Entegris comprises 2.6% of Tran Capital Management L.P.’s investment portfolio, making the stock its 17th biggest position. Tran Capital Management L.P.’s holdings in Entegris were worth $23,272,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of ENTG. Quarry LP purchased a new stake in shares of Entegris during the 2nd quarter valued at approximately $27,000. Capital Performance Advisors LLP purchased a new stake in Entegris in the third quarter valued at $29,000. Blue Trust Inc. lifted its stake in shares of Entegris by 221.3% in the 3rd quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 239 shares during the last quarter. Fortitude Family Office LLC grew its holdings in shares of Entegris by 195.7% during the 4th 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. Finally, Covestor Ltd increased its position in shares of Entegris by 241.8% during the 3rd quarter. Covestor Ltd now owns 417 shares of the semiconductor company’s stock worth $47,000 after purchasing an additional 295 shares during the last quarter.

Entegris Trading Down 1.6 %

ENTG opened at $104.19 on Friday. The business has a fifty day moving average price of $103.80 and a 200 day moving average price of $109.50. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.92 and a quick ratio of 1.83. Entegris, Inc. has a 12 month low of $94.92 and a 12 month high of $147.57. The stock has a market capitalization of $15.73 billion, a price-to-earnings ratio of 69.00, a PEG ratio of 1.46 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). The company had revenue of $807.70 million for the quarter, compared to analyst estimates of $832.44 million. Entegris had a return on equity of 12.24% and a net margin of 7.13%. The business’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.68 earnings per share. Sell-side analysts expect that Entegris, Inc. will post 2.94 earnings per share for the current fiscal year.

Entegris Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.38%. Entegris’s payout ratio is 26.49%.

Analyst Ratings Changes

A number of research analysts have commented on ENTG shares. BMO Capital Markets decreased their target price on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. KeyCorp decreased their price objective on shares of Entegris from $154.00 to $150.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. UBS Group cut their target price on Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Citigroup lowered their price target on Entegris from $130.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.50.

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).