Entegris, Inc. (NASDAQ:ENTG) Shares Sold by Swiss National Bank

Swiss National Bank cut its holdings in Entegris, Inc. (NASDAQ:ENTG) by 4.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 426,507 shares of the semiconductor company’s stock after selling 21,000 shares during the period. Swiss National Bank owned about 0.28% of Entegris worth $42,250,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ENTG. Fortitude Family Office LLC raised its stake in Entegris by 195.7% in the fourth quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock valued at $41,000 after buying an additional 274 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in Entegris in the fourth quarter valued at $42,000. Huntington National Bank raised its stake in Entegris by 41.0% in the third quarter. Huntington National Bank now owns 454 shares of the semiconductor company’s stock valued at $51,000 after buying an additional 132 shares in the last quarter. Eagle Bay Advisors LLC raised its stake in Entegris by 4,375.0% in the fourth quarter. Eagle Bay Advisors LLC now owns 716 shares of the semiconductor company’s stock valued at $71,000 after buying an additional 700 shares in the last quarter. Finally, Promus Capital LLC acquired a new stake in shares of Entegris during the fourth quarter worth about $71,000.

Wall Street Analyst Weigh In

A number of analysts have recently commented on ENTG shares. StockNews.com upgraded Entegris from a “sell” rating to a “hold” rating in a research report on Thursday. KeyCorp cut their target price on Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th. Mizuho cut their target price on Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $120.00 target price on shares of Entegris in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $124.88.

Entegris Stock Performance

NASDAQ ENTG opened at $98.37 on Monday. The company has a quick ratio of 1.86, a current ratio of 3.08 and a debt-to-equity ratio of 1.08. Entegris, Inc. has a 52-week low of $92.84 and a 52-week high of $147.57. The business’s 50-day moving average price is $102.34 and its 200 day moving average price is $105.13. The firm has a market cap of $14.87 billion, a P/E ratio of 50.97, a P/E/G ratio of 1.50 and a beta of 1.32.

Entegris (NASDAQ:ENTG) last released its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.07. Entegris had a return on equity of 12.83% and a net margin of 9.03%. On average, equities research analysts expect that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date was Wednesday, January 29th. Entegris’s dividend payout ratio is presently 20.73%.

Insider Buying and Selling at Entegris

In other Entegris news, 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 sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Clinton M. Haris sold 12,652 shares of the business’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 value of $1,352,751.84. Following the sale, the senior vice president now directly owns 34,820 shares in the company, valued at $3,722,954.40. This trade represents a 26.65 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is owned by corporate insiders.

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).