Korea Investment CORP Sells 29,994 Shares of Entegris, Inc. (NASDAQ:ENTG)

Korea Investment CORP decreased its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 32.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 62,325 shares of the semiconductor company’s stock after selling 29,994 shares during the period. Korea Investment CORP’s holdings in Entegris were worth $6,174,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ENTG. Synovus Financial Corp increased its holdings in Entegris by 102.3% during the third quarter. Synovus Financial Corp now owns 38,253 shares of the semiconductor company’s stock valued at $4,305,000 after buying an additional 19,340 shares during the period. Swedbank AB boosted its position in Entegris by 47.7% during the 4th quarter. Swedbank AB now owns 1,550,942 shares of the semiconductor company’s stock valued at $153,636,000 after acquiring an additional 500,581 shares in the last quarter. Argent Capital Management LLC increased its holdings in shares of Entegris by 9.9% in the 4th quarter. Argent Capital Management LLC now owns 31,066 shares of the semiconductor company’s stock valued at $3,077,000 after acquiring an additional 2,793 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Entegris by 14.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,060,378 shares of the semiconductor company’s stock worth $105,041,000 after acquiring an additional 137,046 shares in the last quarter. Finally, Callan Family Office LLC purchased a new stake in shares of Entegris during the 4th quarter worth $308,000.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on ENTG shares. KeyCorp cut their target price on Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a research note on Friday, February 7th. Mizuho reduced their price objective on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 price target on shares of Entegris in a report on Friday, February 7th. Finally, StockNews.com downgraded Entegris from a “hold” rating to a “sell” rating in a research report on Monday, March 24th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $124.88.

Entegris Stock Performance

Shares of ENTG opened at $87.48 on Tuesday. Entegris, Inc. has a one year low of $84.75 and a one year high of $147.57. The stock has a 50-day moving average of $100.96 and a two-hundred day moving average of $104.00. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.86 and a current ratio of 3.08. The stock has a market cap of $13.24 billion, a P/E ratio of 45.33, a P/E/G ratio of 1.50 and a beta of 1.32.

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

Entegris Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date was Wednesday, January 29th. Entegris’s dividend payout ratio is presently 20.73%.

Insiders Place Their Bets

In other news, SVP Olivier Blachier sold 984 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $108.00, for a total transaction of $106,272.00. Following the completion of the sale, the senior vice president now owns 10,903 shares of the company’s stock, valued at $1,177,524. This represents a 8.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Clinton M. Haris sold 12,652 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $106.92, for a total transaction 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 approximately $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 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).