Montanaro Asset Management Ltd Cuts Stock Holdings in Entegris, Inc. (NASDAQ:ENTG)

Montanaro Asset Management Ltd lowered its stake in Entegris, Inc. (NASDAQ:ENTG) by 16.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 92,600 shares of the semiconductor company’s stock after selling 17,621 shares during the period. Entegris makes up approximately 1.9% of Montanaro Asset Management Ltd’s holdings, making the stock its 23rd largest holding. Montanaro Asset Management Ltd owned about 0.06% of Entegris worth $9,173,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of ENTG. Fortitude Family Office LLC lifted its position 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 purchasing an additional 274 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in Entegris during the 4th quarter valued at $42,000. Eagle Bay Advisors LLC raised its holdings in Entegris by 4,375.0% during the 4th 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 during the last quarter. Promus Capital LLC purchased a new stake in Entegris during the 4th quarter valued at $71,000. Finally, Smartleaf Asset Management LLC grew its holdings in Entegris by 27.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 731 shares of the semiconductor company’s stock worth $73,000 after acquiring an additional 158 shares during the last quarter.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. StockNews.com lowered shares of Entegris from a “hold” rating to a “sell” rating in a report on Monday. KeyCorp dropped their price objective on Entegris from $150.00 to $141.00 and set an “overweight” rating for the company in a report on Friday, February 7th. Needham & Company LLC reissued a “buy” rating and set a $120.00 target price on shares of Entegris in a research note on Friday, February 7th. Finally, Mizuho dropped 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. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Entegris has an average rating of “Moderate Buy” and a consensus target price of $124.88.

Entegris Trading Down 1.9 %

ENTG opened at $92.44 on Thursday. The stock has a market cap of $13.99 billion, a PE ratio of 47.90, a PEG ratio of 1.50 and a beta of 1.32. The business has a 50 day moving average of $101.94 and a 200-day moving average of $104.41. Entegris, Inc. has a 52 week low of $91.29 and a 52 week high of $147.57. 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 (NASDAQ:ENTG) last announced its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.84 EPS for the quarter, beating 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%. Equities research analysts predict that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date was Wednesday, January 29th. Entegris’s dividend payout ratio is 20.73%.

Insider Activity

In other Entegris news, SVP Olivier Blachier sold 984 shares of Entegris stock in a transaction on Friday, February 21st. The stock was sold at an average price of $108.00, for a total transaction of $106,272.00. Following the completion of the transaction, the senior vice president now owns 10,903 shares in the company, valued at approximately $1,177,524. The trade was a 8.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Clinton M. Haris sold 12,652 shares of the business’s stock in a transaction 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.67% of the company’s stock.

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).