Handelsbanken Fonder AB Sells 400 Shares of Entegris, Inc. (NASDAQ:ENTG)

Handelsbanken Fonder AB lowered its holdings in Entegris, Inc. (NASDAQ:ENTG) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 40,826 shares of the semiconductor company’s stock after selling 400 shares during the quarter. Handelsbanken Fonder AB’s holdings in Entegris were worth $4,044,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Creative Planning increased its holdings in shares of Entegris by 17.9% in the third quarter. Creative Planning now owns 14,212 shares of the semiconductor company’s stock worth $1,599,000 after acquiring an additional 2,153 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Entegris by 221.3% in the third quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 239 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Entegris by 34.6% in the third quarter. Sequoia Financial Advisors LLC now owns 2,335 shares of the semiconductor company’s stock worth $263,000 after acquiring an additional 600 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Entegris by 31.7% during the third quarter. Signaturefd LLC now owns 1,852 shares of the semiconductor company’s stock worth $208,000 after buying an additional 446 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new position in shares of Entegris during the third quarter worth about $1,963,000.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ENTG shares. Deutsche Bank Aktiengesellschaft decreased their price target on Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Mizuho decreased their price target on Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. BMO Capital Markets cut their price objective on Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. StockNews.com raised Entegris from a “sell” rating to a “hold” rating in a research report on Wednesday, February 19th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 price objective on shares of Entegris in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $128.78.

Insider Activity

In related news, SVP Clinton M. Haris sold 12,652 shares of Entegris stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $106.92, for a total transaction of $1,352,751.84. Following the transaction, the senior vice president now directly owns 34,820 shares of the company’s stock, valued at $3,722,954.40. This trade represents a 26.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.67% of the company’s stock.

Entegris Stock Down 3.0 %

Shares of NASDAQ ENTG opened at $104.09 on Monday. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.08 and a quick ratio of 1.86. The company has a market cap of $15.73 billion, a P/E ratio of 53.93, a PEG ratio of 1.50 and a beta of 1.24. Entegris, Inc. has a 1 year low of $94.92 and a 1 year high of $147.57. The firm has a 50-day simple moving average of $103.09 and a two-hundred day simple moving average of $106.42.

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 net margin of 9.03% and a return on equity of 12.83%. Research analysts anticipate that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.38%. The ex-dividend date was Wednesday, January 29th. Entegris’s dividend payout ratio is presently 20.73%.

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).