OMERS ADMINISTRATION Corp Sells 3,239 Shares of Entegris, Inc. (NASDAQ:ENTG)

OMERS ADMINISTRATION Corp reduced its holdings in Entegris, Inc. (NASDAQ:ENTG) by 34.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,261 shares of the semiconductor company’s stock after selling 3,239 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Entegris were worth $620,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in ENTG. Barclays PLC increased its position in Entegris by 44.2% in the 3rd quarter. Barclays PLC now owns 963,157 shares of the semiconductor company’s stock worth $108,383,000 after buying an additional 295,358 shares during the period. Arkadios Wealth Advisors grew its stake in shares of Entegris by 10.1% in the fourth quarter. Arkadios Wealth Advisors now owns 2,083 shares of the semiconductor company’s stock worth $206,000 after acquiring an additional 191 shares during the last quarter. Diversify Wealth Management LLC increased its position in Entegris by 32.2% during the fourth quarter. Diversify Wealth Management LLC now owns 6,516 shares of the semiconductor company’s stock worth $645,000 after acquiring an additional 1,586 shares during the period. Guinness Asset Management LTD raised its stake in Entegris by 24.6% during the 4th quarter. Guinness Asset Management LTD now owns 5,079 shares of the semiconductor company’s stock valued at $503,000 after purchasing an additional 1,002 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in Entegris by 8.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 11,159 shares of the semiconductor company’s stock valued at $1,105,000 after purchasing an additional 868 shares during the period.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. KeyCorp dropped their price objective on shares of Entegris from $130.00 to $117.00 and set an “overweight” rating on the stock in a report on Thursday, May 8th. Citigroup lowered their price target on Entegris from $125.00 to $102.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. UBS Group reduced their price objective on Entegris from $90.00 to $85.00 and set a “neutral” rating for the company in a research report on Thursday, May 8th. Needham & Company LLC lowered their price objective on Entegris from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. Finally, StockNews.com cut Entegris from a “hold” rating to a “sell” rating in a research report on Saturday, April 19th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $113.00.

Insider Buying and Selling at Entegris

In other news, SVP Olivier Blachier sold 984 shares of Entegris stock in a transaction on Friday, February 21st. The stock was sold at an average price of $108.00, for a total value of $106,272.00. Following the completion of the sale, the senior vice president now directly owns 10,903 shares of the company’s stock, valued at approximately $1,177,524. This trade represents a 8.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.67% of the company’s stock.

Entegris Trading Down 0.4%

Shares of ENTG stock opened at $78.24 on Monday. The company has a market capitalization of $11.85 billion, a P/E ratio of 40.54, a P/E/G ratio of 1.50 and a beta of 1.33. Entegris, Inc. has a 12-month low of $60.75 and a 12-month high of $147.57. The company has a quick ratio of 1.86, a current ratio of 3.08 and a debt-to-equity ratio of 1.08. The firm has a 50-day moving average price of $81.18 and a 200 day moving average price of $95.66.

Entegris (NASDAQ:ENTG) last announced its earnings results on Wednesday, May 7th. The semiconductor company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.02). Entegris had a return on equity of 12.83% and a net margin of 9.03%. The business had revenue of $773.20 million during the quarter, compared to analyst estimates of $790.75 million. During the same period in the previous year, the firm earned $0.68 earnings per share. The firm’s revenue was up .3% compared to the same quarter last year. Research analysts forecast that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Wednesday, April 30th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend is Wednesday, April 30th. Entegris’s dividend payout ratio is currently 19.61%.

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).