Southeast Asset Advisors LLC Sells 2,564 Shares of Entegris, Inc. (NASDAQ:ENTG)

Southeast Asset Advisors LLC lessened its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 9.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,270 shares of the semiconductor company’s stock after selling 2,564 shares during the period. Southeast Asset Advisors LLC’s holdings in Entegris were worth $2,305,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. FMR LLC grew its holdings in shares of Entegris by 130.9% in the third quarter. FMR LLC now owns 272,833 shares of the semiconductor company’s stock valued at $30,702,000 after purchasing an additional 154,658 shares in the last quarter. Benjamin Edwards Inc. grew its stake in shares of Entegris by 33,412.5% in the 3rd quarter. Benjamin Edwards Inc. now owns 2,681 shares of the semiconductor company’s stock worth $302,000 after buying an additional 2,673 shares in the last quarter. Hilltop Holdings Inc. bought a new stake in shares of Entegris in the 3rd quarter worth about $250,000. Investment Management Corp of Ontario raised its position in shares of Entegris by 47.2% during the 3rd quarter. Investment Management Corp of Ontario now owns 4,988 shares of the semiconductor company’s stock valued at $561,000 after buying an additional 1,600 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its holdings in shares of Entegris by 849.2% in the 3rd quarter. Quantinno Capital Management LP now owns 31,190 shares of the semiconductor company’s stock valued at $3,510,000 after acquiring an additional 27,904 shares during the last quarter.

Analyst Ratings Changes

ENTG has been the topic of several recent research reports. StockNews.com upgraded Entegris from a “sell” rating to a “hold” rating in a report on Thursday. Needham & Company LLC reissued a “buy” rating and issued a $120.00 target price on shares of Entegris in a research note on Friday, February 7th. Mizuho lowered their target price on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Finally, KeyCorp reduced their price objective on shares of Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.88.

Entegris Price Performance

Entegris stock opened at $65.39 on Monday. The stock has a market cap of $9.89 billion, a price-to-earnings ratio of 33.88, a price-to-earnings-growth ratio of 1.50 and a beta of 1.36. The firm has a 50-day moving average of $98.67 and a two-hundred day moving average of $103.06. Entegris, Inc. has a 1 year low of $60.50 and a 1 year high of $147.57. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.08 and a quick ratio of 1.86.

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

Entegris Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend was Wednesday, January 29th. Entegris’s payout ratio is presently 20.73%.

Insider Buying and Selling at Entegris

In related news, SVP Olivier Blachier sold 984 shares of the company’s stock in a transaction 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 transaction, the senior vice president now directly owns 10,903 shares of the company’s stock, valued at $1,177,524. This represents a 8.28 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Clinton M. Haris sold 12,652 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $106.92, for a total value of $1,352,751.84. Following the completion of the transaction, the senior vice president now directly 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 disclosure for this sale can be found here. 0.67% of the stock is currently owned by company 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).