QRG Capital Management Inc. Sells 115 Shares of Entegris, Inc. (NASDAQ:ENTG)

QRG Capital Management Inc. cut its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 1.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,368 shares of the semiconductor company’s stock after selling 115 shares during the period. QRG Capital Management Inc.’s holdings in Entegris were worth $829,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Synovus Financial Corp boosted its stake in Entegris by 102.3% during the 3rd quarter. Synovus Financial Corp now owns 38,253 shares of the semiconductor company’s stock valued at $4,305,000 after purchasing an additional 19,340 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Entegris by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,065,812 shares of the semiconductor company’s stock valued at $119,936,000 after buying an additional 14,650 shares during the last quarter. Swedbank AB boosted its position in shares of Entegris by 47.7% during the fourth quarter. Swedbank AB now owns 1,550,942 shares of the semiconductor company’s stock valued at $153,636,000 after buying an additional 500,581 shares during the last quarter. Argent Capital Management LLC grew its holdings in Entegris by 9.9% during the fourth quarter. Argent Capital Management LLC now owns 31,066 shares of the semiconductor company’s stock worth $3,077,000 after buying an additional 2,793 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in Entegris in the 3rd quarter valued at $1,158,000.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. StockNews.com downgraded shares of Entegris from a “hold” rating to a “sell” rating in a report on Thursday, February 27th. Craig Hallum cut their price target on shares of Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Mizuho decreased their price objective 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. Deutsche Bank Aktiengesellschaft cut their target price on Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Finally, BMO Capital Markets reduced their target price on Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. One investment 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. According to MarketBeat, Entegris currently has an average rating of “Moderate Buy” and an average price target of $124.88.

Entegris Trading Down 4.5 %

NASDAQ:ENTG opened at $96.62 on Tuesday. Entegris, Inc. has a 12 month low of $94.92 and a 12 month high of $147.57. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08. The firm’s 50 day moving average is $102.78 and its 200 day moving average is $106.12. The stock has a market capitalization of $14.60 billion, a PE ratio of 50.06, a price-to-earnings-growth ratio of 1.50 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share (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%. Sell-side analysts expect that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, January 29th. This represents a $0.40 dividend on an annualized basis and a yield of 0.41%. Entegris’s dividend payout ratio is presently 20.73%.

Insiders Place Their Bets

In other Entegris news, SVP Olivier Blachier sold 984 shares of the 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 sale, the senior vice president now owns 10,903 shares in the company, valued at $1,177,524. This represents a 8.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Clinton M. Haris sold 12,652 shares of Entegris stock in a transaction on Monday, February 10th. The shares were sold at an average price of $106.92, for a total value of $1,352,751.84. Following the completion of the transaction, the senior vice president now owns 34,820 shares of the company’s stock, valued at approximately $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).