WCM Investment Management LLC Sells 271,726 Shares of Entegris, Inc. (NASDAQ:ENTG)

WCM Investment Management LLC lessened its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 5.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,784,238 shares of the semiconductor company’s stock after selling 271,726 shares during the period. WCM Investment Management LLC’s holdings in Entegris were worth $476,223,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Empowered Funds LLC boosted its holdings in shares of Entegris by 19.8% during the 4th quarter. Empowered Funds LLC now owns 23,101 shares of the semiconductor company’s stock valued at $2,288,000 after purchasing an additional 3,816 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Entegris by 4.3% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 300,990 shares of the semiconductor company’s stock valued at $29,816,000 after buying an additional 12,314 shares in the last quarter. Vanderbilt University raised its position in shares of Entegris by 10.5% during the 4th quarter. Vanderbilt University now owns 31,251 shares of the semiconductor company’s stock valued at $3,096,000 after buying an additional 2,974 shares in the last quarter. E. Ohman J or Asset Management AB raised its position in shares of Entegris by 24.2% during the 4th quarter. E. Ohman J or Asset Management AB now owns 8,070 shares of the semiconductor company’s stock valued at $799,000 after buying an additional 1,570 shares in the last quarter. Finally, Trust Point Inc. purchased a new stake in shares of Entegris during the 4th quarter valued at about $449,000.

Entegris Price Performance

Shares of ENTG stock opened at $106.52 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.92 and a quick ratio of 1.83. The company has a market capitalization of $16.08 billion, a P/E ratio of 55.19, a P/E/G ratio of 1.49 and a beta of 1.24. The company’s 50-day simple moving average is $103.35 and its two-hundred day simple moving average is $106.98. Entegris, Inc. has a one year low of $94.92 and a one year high of $147.57.

Entegris (NASDAQ:ENTG) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $0.84 EPS 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 13.00%. As a group, equities analysts anticipate that Entegris, Inc. will post 3.63 EPS for the current year.

Entegris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th will be paid a dividend of $0.10 per share. The ex-dividend date is Wednesday, January 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.38%. Entegris’s dividend payout ratio is presently 20.73%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ENTG. Needham & Company LLC reissued a “buy” rating and issued a $120.00 price objective on shares of Entegris in a research report on Friday. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. UBS Group reduced their price objective on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. BMO Capital Markets reduced their price objective on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. Finally, Craig Hallum reduced their price objective on shares of Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Entegris currently has an average rating of “Moderate Buy” and a consensus price target of $130.60.

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).