Allspring Global Investments Holdings LLC Has $22.55 Million Holdings in Entegris, Inc. (NASDAQ:ENTG)

Allspring Global Investments Holdings LLC decreased its stake in Entegris, Inc. (NASDAQ:ENTG) by 67.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 231,850 shares of the semiconductor company’s stock after selling 487,178 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.15% of Entegris worth $22,552,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Capital Performance Advisors LLP acquired a new stake in shares of Entegris in the 3rd quarter valued at $29,000. Blue Trust Inc. lifted its holdings in Entegris by 221.3% during the 3rd quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 239 shares during the last quarter. Fortitude Family Office LLC boosted 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 buying an additional 274 shares in the last quarter. Covestor Ltd grew its stake in Entegris by 241.8% during the third quarter. Covestor Ltd now owns 417 shares of the semiconductor company’s stock worth $47,000 after buying an additional 295 shares during the last quarter. Finally, Huntington National Bank increased its holdings in shares of Entegris by 41.0% during the third quarter. Huntington National Bank now owns 454 shares of the semiconductor company’s stock worth $51,000 after buying an additional 132 shares in the last quarter.

Entegris Trading Down 1.6 %

ENTG opened at $107.12 on Friday. The firm has a 50 day simple moving average of $103.20 and a 200 day simple moving average of $106.36. Entegris, Inc. has a fifty-two week low of $94.92 and a fifty-two week high of $147.57. The company has a market cap of $16.18 billion, a price-to-earnings ratio of 55.50, a price-to-earnings-growth ratio of 1.49 and a beta of 1.24. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.92 and a quick ratio of 1.83.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.07. Entegris had a return on equity of 13.00% and a net margin of 9.03%. On average, sell-side analysts anticipate that Entegris, Inc. will post 3.63 earnings per share for the current year.

Entegris Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date of this dividend is Wednesday, January 29th. Entegris’s dividend payout ratio (DPR) is currently 20.73%.

Wall Street Analysts Forecast Growth

ENTG has been the topic of a number of research analyst reports. KeyCorp decreased their price target on Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th. UBS Group decreased their target price on Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft cut their price target on Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Needham & Company LLC reissued a “buy” rating and set a $120.00 price objective on shares of Entegris in a report on Friday, February 7th. Finally, Mizuho dropped their target price 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. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Entegris currently has a consensus rating of “Moderate Buy” and a consensus price target of $128.78.

Insider Transactions at Entegris

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 owns 34,820 shares of the company’s stock, valued at $3,722,954.40. This trade represents a 26.65 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate 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).