Primecap Management Co. CA Sells 3,145 Shares of Entegris, Inc. (NASDAQ:ENTG)

Primecap Management Co. CA reduced its stake in Entegris, Inc. (NASDAQ:ENTG) by 0.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,952,387 shares of the semiconductor company’s stock after selling 3,145 shares during the period. Primecap Management Co. CA’s holdings in Entegris were worth $332,232,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Intech Investment Management LLC boosted its stake in Entegris by 19.5% during the third quarter. Intech Investment Management LLC now owns 8,969 shares of the semiconductor company’s stock valued at $1,009,000 after buying an additional 1,464 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Entegris by 0.9% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,503,656 shares of the semiconductor company’s stock valued at $169,206,000 after buying an additional 12,913 shares during the period. Moran Wealth Management LLC boosted its stake in Entegris by 5.9% during the third quarter. Moran Wealth Management LLC now owns 4,654 shares of the semiconductor company’s stock valued at $524,000 after buying an additional 261 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Entegris during the third quarter valued at $513,000. Finally, Jennison Associates LLC boosted its stake in Entegris by 46.3% during the third quarter. Jennison Associates LLC now owns 439,120 shares of the semiconductor company’s stock valued at $49,414,000 after buying an additional 138,958 shares during the period.

Entegris Price Performance

Shares of NASDAQ ENTG opened at $99.96 on Thursday. Entegris, Inc. has a twelve month low of $94.92 and a twelve month high of $147.57. The firm has a market cap of $15.09 billion, a P/E ratio of 66.20, a PEG ratio of 1.62 and a beta of 1.24. The company has a 50 day moving average of $107.23 and a 200 day moving average of $119.02. The company has a quick ratio of 1.83, a current ratio of 2.92 and a debt-to-equity ratio of 1.14.

Entegris (NASDAQ:ENTG) last announced its earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). The company had revenue of $807.70 million for the quarter, compared to analysts’ expectations of $832.44 million. Entegris had a net margin of 7.13% and a return on equity of 12.24%. Entegris’s quarterly revenue was down 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.68 earnings per share. As a group, research analysts expect that Entegris, Inc. will post 3.03 EPS for the current fiscal year.

Entegris Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th were paid a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.40%. Entegris’s dividend payout ratio (DPR) is 26.49%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. KeyCorp lowered their price target on Entegris from $164.00 to $154.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. BMO Capital Markets cut their target price on Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. Mizuho cut their target price on Entegris from $143.00 to $125.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. Citigroup cut their target price on Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Finally, Craig Hallum cut their target price on Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $135.40.

About Entegris

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).