Rhumbline Advisers Sells 25,125 Shares of Entegris Inc (ENTG)

Rhumbline Advisers trimmed its stake in shares of Entegris Inc (NASDAQ:ENTG) by 14.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 146,083 shares of the semiconductor company’s stock after selling 25,125 shares during the quarter. Rhumbline Advisers’ holdings in Entegris were worth $4,448,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of ENTG. Nationwide Fund Advisors lifted its position in Entegris by 16.7% during the 3rd quarter. Nationwide Fund Advisors now owns 223,129 shares of the semiconductor company’s stock worth $6,437,000 after acquiring an additional 31,884 shares during the period. Stevens Capital Management LP acquired a new stake in Entegris during the 3rd quarter worth approximately $252,000. Sei Investments Co. lifted its position in Entegris by 1.8% during the 3rd quarter. Sei Investments Co. now owns 145,971 shares of the semiconductor company’s stock worth $4,212,000 after acquiring an additional 2,512 shares during the period. Paradigm Capital Management Inc. NY lifted its position in Entegris by 2.2% during the 3rd quarter. Paradigm Capital Management Inc. NY now owns 559,700 shares of the semiconductor company’s stock worth $16,147,000 after acquiring an additional 12,000 shares during the period. Finally, Kiwi Wealth Investments Limited Partnership lifted its position in Entegris by 16.8% during the 3rd quarter. Kiwi Wealth Investments Limited Partnership now owns 80,393 shares of the semiconductor company’s stock worth $2,319,000 after acquiring an additional 11,582 shares during the period. 96.56% of the stock is owned by institutional investors.

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A number of analysts have weighed in on the company. Dougherty & Co increased their price objective on Entegris from $36.00 to $37.50 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Needham & Company LLC reissued a “buy” rating and issued a $37.00 price target (up from $35.00) on shares of Entegris in a report on Wednesday, February 7th. Craig Hallum raised Entegris from a “hold” rating to a “buy” rating in a report on Tuesday, February 6th. Loop Capital reissued a “buy” rating and issued a $40.00 price target on shares of Entegris in a report on Friday, December 1st. Finally, ValuEngine raised Entegris from a “hold” rating to a “buy” rating in a report on Thursday, February 8th. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $32.77.

In related news, Director Paul L. H. Olson sold 3,000 shares of Entegris stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $30.21, for a total transaction of $90,630.00. Following the completion of the transaction, the director now directly owns 45,364 shares of the company’s stock, valued at $1,370,446.44. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Bertrand Loy sold 175,000 shares of Entegris stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $33.48, for a total value of $5,859,000.00. Following the transaction, the chief executive officer now directly owns 581,012 shares of the company’s stock, valued at $19,452,281.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 326,077 shares of company stock valued at $10,947,351. 1.50% of the stock is currently owned by insiders.

Shares of Entegris Inc (ENTG) opened at $36.55 on Monday. The company has a quick ratio of 2.95, a current ratio of 3.63 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $5,158.71, a P/E ratio of 25.38, a PEG ratio of 1.86 and a beta of 1.44. Entegris Inc has a 1-year low of $21.00 and a 1-year high of $36.55.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.37 by $0.04. The business had revenue of $350.56 million during the quarter, compared to analysts’ expectations of $340.68 million. Entegris had a return on equity of 20.95% and a net margin of 6.34%. sell-side analysts anticipate that Entegris Inc will post 1.75 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 21st. Investors of record on Wednesday, January 31st were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $0.28 annualized dividend and a yield of 0.77%. Entegris’s dividend payout ratio is presently 23.73%.

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About Entegris

Entegris, Inc is a global developer, manufacturer and supplier of microcontamination control products, specialty chemicals and materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries. The Company operates in three business segments: Specialty Chemicals and Engineered Materials (SCEM), Advanced Materials Handling (AMH) and Microcontamination Control (MC).

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Institutional Ownership by Quarter for Entegris (NASDAQ:ENTG)

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