Envestnet Portfolio Solutions Inc. Sells 4,697 Shares of Entegris, Inc. (NASDAQ:ENTG)

Envestnet Portfolio Solutions Inc. cut its holdings in Entegris, Inc. (NASDAQ:ENTG) by 12.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,302 shares of the semiconductor company’s stock after selling 4,697 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Entegris were worth $3,200,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in ENTG. Synovus Financial Corp grew its stake in shares of Entegris by 102.3% during the third quarter. Synovus Financial Corp now owns 38,253 shares of the semiconductor company’s stock valued at $4,305,000 after buying an additional 19,340 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Entegris by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,065,812 shares of the semiconductor company’s stock valued at $119,936,000 after acquiring an additional 14,650 shares during the last quarter. Swedbank AB lifted 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 worth $153,636,000 after purchasing an additional 500,581 shares during the last quarter. Argent Capital Management LLC boosted its stake in shares of Entegris by 9.9% during the fourth quarter. Argent Capital Management LLC now owns 31,066 shares of the semiconductor company’s stock valued at $3,077,000 after purchasing an additional 2,793 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in Entegris by 14.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,060,378 shares of the semiconductor company’s stock valued at $105,041,000 after buying an additional 137,046 shares in the last quarter.

Entegris Trading Up 0.2 %

ENTG opened at $100.37 on Thursday. Entegris, Inc. has a 12 month low of $92.84 and a 12 month high of $147.57. The stock has a fifty day moving average price of $102.30 and a 200-day moving average price of $104.90. The firm has a market cap of $15.17 billion, a price-to-earnings ratio of 52.01, a PEG ratio of 1.50 and a beta of 1.32. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08.

Entegris (NASDAQ:ENTG) last released 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 net margin of 9.03% and a return on equity of 12.83%. As a group, equities research analysts anticipate that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Dividend Announcement

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

Insider Buying and Selling

In other news, SVP Olivier Blachier sold 984 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $108.00, for a total value of $106,272.00. Following the transaction, the senior vice president now directly owns 10,903 shares of the company’s stock, valued at approximately $1,177,524. This represents a 8.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Clinton M. Haris sold 12,652 shares of Entegris stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $106.92, for a total value of $1,352,751.84. Following the sale, the senior vice president now directly 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 disclosure for this sale can be found here. 0.67% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have commented on ENTG. StockNews.com upgraded shares of Entegris from a “sell” rating to a “hold” rating in a research note on Thursday, March 13th. Mizuho dropped their price objective on Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $120.00 target price on shares of Entegris in a research report on Friday, February 7th. Finally, KeyCorp lowered their target price on Entegris from $150.00 to $141.00 and set an “overweight” rating for the company in a report on Friday, February 7th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $124.88.

Entegris Company 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).