Entegris, Inc. $ENTG Shares Sold by Swedbank AB

Swedbank AB decreased its stake in Entegris, Inc. (NASDAQ:ENTG) by 91.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 92,337 shares of the semiconductor company’s stock after selling 1,021,764 shares during the period. Swedbank AB’s holdings in Entegris were worth $8,537,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of ENTG. DAVENPORT & Co LLC lifted its position in Entegris by 15.9% in the third quarter. DAVENPORT & Co LLC now owns 9,790 shares of the semiconductor company’s stock valued at $905,000 after acquiring an additional 1,340 shares during the last quarter. Great Waters Wealth Management acquired a new stake in shares of Entegris during the third quarter worth about $220,000. Farther Finance Advisors LLC lifted its holdings in shares of Entegris by 89.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,168 shares of the semiconductor company’s stock valued at $200,000 after purchasing an additional 1,024 shares during the last quarter. Riverbridge Partners LLC boosted its position in shares of Entegris by 62.7% in the 3rd quarter. Riverbridge Partners LLC now owns 443,532 shares of the semiconductor company’s stock valued at $41,009,000 after purchasing an additional 170,892 shares during the period. Finally, Brighton Jones LLC purchased a new position in Entegris during the 3rd quarter worth approximately $678,000.

Wall Street Analyst Weigh In

ENTG has been the subject of a number of research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Entegris in a research note on Monday, December 22nd. Zacks Research downgraded shares of Entegris from a “hold” rating to a “strong sell” rating in a research report on Monday, November 3rd. Oppenheimer began coverage on shares of Entegris in a research note on Thursday, September 4th. They set a “market perform” rating and a $95.00 price target for the company. Mizuho lowered their price objective on shares of Entegris from $108.00 to $96.00 and set an “outperform” rating on the stock in a research report on Thursday, November 20th. Finally, The Goldman Sachs Group cut shares of Entegris from a “neutral” rating to a “sell” rating and reduced their target price for the company from $88.00 to $75.00 in a report on Monday, December 15th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $94.43.

Insider Activity

In other news, Director James P. Lederer sold 2,008 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $92.84, for a total value of $186,422.72. Following the completion of the sale, the director directly owned 20,434 shares of the company’s stock, valued at $1,897,092.56. This trade represents a 8.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bertrand Loy sold 57,570 shares of Entegris stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $76.88, for a total value of $4,425,981.60. Following the completion of the sale, the insider owned 305,820 shares in the company, valued at approximately $23,511,441.60. This trade represents a 15.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 63,643 shares of company stock worth $4,966,433 in the last three months. 0.67% of the stock is currently owned by company insiders.

Entegris Price Performance

Shares of NASDAQ ENTG opened at $86.27 on Friday. The stock has a fifty day moving average price of $85.00 and a 200 day moving average price of $85.19. Entegris, Inc. has a 1-year low of $60.75 and a 1-year high of $110.46. The company has a debt-to-equity ratio of 0.99, a current ratio of 3.44 and a quick ratio of 2.13. The company has a market cap of $13.08 billion, a PE ratio of 45.65 and a beta of 1.32.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings data on Wednesday, July 6th. The semiconductor company reported $0.70 EPS for the quarter. Entegris had a net margin of 8.95% and a return on equity of 11.61%. The company had revenue of $512.84 million during the quarter. Sell-side analysts forecast that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 19th. Investors of record on Wednesday, October 29th were given a $0.10 dividend. The ex-dividend date was Wednesday, October 29th. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. Entegris’s dividend payout ratio (DPR) is presently 21.16%.

About Entegris

Entegris, Inc is a leading provider of advanced materials and process control solutions for the semiconductor and other high-technology industries. The company develops and supplies a broad portfolio of products designed to ensure purity and reliability throughout the manufacturing process, helping customers address critical contamination and yield challenges.

Entegris’s product offerings include high-purity chemicals and specialty materials, liquid and gas filtration and purification systems, and sophisticated wafer and chip handling solutions.