Entegris, Inc. (NASDAQ:ENTG) Stake Lessened by Cibc World Markets Corp

Cibc World Markets Corp lessened its stake in Entegris, Inc. (NASDAQ:ENTG) by 22.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 6,832 shares of the semiconductor company’s stock after selling 1,955 shares during the quarter. Cibc World Markets Corp’s holdings in Entegris were worth $677,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fortitude Family Office LLC increased its stake in Entegris by 195.7% during 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. Promus Capital LLC bought a new stake in Entegris during the fourth quarter valued at $71,000. Eagle Bay Advisors LLC increased its stake in Entegris by 4,375.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 716 shares of the semiconductor company’s stock valued at $71,000 after purchasing an additional 700 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in Entegris by 27.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 731 shares of the semiconductor company’s stock valued at $73,000 after purchasing an additional 158 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in Entegris by 121.3% during the fourth quarter. Blue Trust Inc. now owns 768 shares of the semiconductor company’s stock valued at $76,000 after purchasing an additional 421 shares during the last quarter.

Insider Buying and Selling at Entegris

In other news, SVP Clinton M. Haris sold 12,652 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the senior vice president now owns 34,820 shares in the company, valued at approximately $3,722,954.40. This trade represents a 26.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Olivier Blachier sold 984 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $108.00, for a total transaction of $106,272.00. Following the transaction, the senior vice president now owns 10,903 shares of the company’s stock, valued at approximately $1,177,524. This trade represents a 8.28 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is owned by corporate insiders.

Entegris Stock Performance

ENTG stock opened at $96.35 on Friday. The company has a market capitalization of $14.56 billion, a P/E ratio of 49.92, a PEG ratio of 1.50 and a beta of 1.32. The company has a 50-day simple moving average of $102.24 and a 200 day simple moving average of $104.70. Entegris, Inc. has a fifty-two week low of $92.84 and a fifty-two 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 posted its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share 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%. Sell-side analysts predict that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend was Wednesday, January 29th. Entegris’s payout ratio is currently 20.73%.

Analyst Ratings Changes

ENTG has been the subject of several recent research reports. KeyCorp lowered their target price on shares of Entegris from $150.00 to $141.00 and set an “overweight” rating for the company in a research note on Friday, February 7th. Mizuho reduced their price target on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Needham & Company LLC reissued a “buy” rating and set a $120.00 price target on shares of Entegris in a report on Friday, February 7th. Finally, StockNews.com raised shares of Entegris from a “sell” rating to a “hold” rating in a report on Thursday, March 13th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Entegris has a consensus rating of “Moderate Buy” and a consensus price target of $124.88.

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).