Cannon Global Investment Management LLC Reduces Stock Position in Entegris, Inc. (NASDAQ:ENTG)

Cannon Global Investment Management LLC lessened its holdings in Entegris, Inc. (NASDAQ:ENTG) by 52.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,800 shares of the semiconductor company’s stock after selling 4,200 shares during the period. Entegris accounts for approximately 3.4% of Cannon Global Investment Management LLC’s portfolio, making the stock its 11th largest holding. Cannon Global Investment Management LLC’s holdings in Entegris were worth $455,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. American Century Companies Inc. increased its stake in Entegris by 11.1% in the 1st quarter. American Century Companies Inc. now owns 9,715 shares of the semiconductor company’s stock worth $1,275,000 after purchasing an additional 974 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in shares of Entegris by 73.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,866 shares of the semiconductor company’s stock valued at $376,000 after purchasing an additional 1,213 shares in the last quarter. MetLife Investment Management LLC bought a new stake in Entegris in the first quarter worth $1,144,000. Great West Life Assurance Co. Can boosted its holdings in Entegris by 43.3% in the first quarter. Great West Life Assurance Co. Can now owns 48,049 shares of the semiconductor company’s stock worth $6,657,000 after acquiring an additional 14,527 shares in the last quarter. Finally, Vontobel Holding Ltd. boosted its holdings in Entegris by 187.4% in the first quarter. Vontobel Holding Ltd. now owns 7,653 shares of the semiconductor company’s stock worth $1,037,000 after acquiring an additional 4,990 shares in the last quarter.

Insiders Place Their Bets

In other Entegris news, SVP Susan G. Rice sold 17,518 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $135.86, for a total transaction of $2,379,995.48. Following the transaction, the senior vice president now directly owns 42,931 shares in the company, valued at approximately $5,832,605.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Susan G. Rice sold 17,518 shares of Entegris stock in a transaction on Friday, February 16th. The stock was sold at an average price of $135.86, for a total value of $2,379,995.48. Following the transaction, the senior vice president now directly owns 42,931 shares in the company, valued at approximately $5,832,605.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Michael Sauer sold 1,897 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $132.54, for a total value of $251,428.38. Following the completion of the sale, the chief accounting officer now directly owns 1,779 shares of the company’s stock, valued at approximately $235,788.66. The disclosure for this sale can be found here. Insiders have sold 41,082 shares of company stock worth $5,606,849 in the last ninety days. 0.67% of the stock is owned by company insiders.

Entegris Price Performance

Shares of NASDAQ ENTG traded down $2.93 during mid-day trading on Friday, reaching $124.16. The company’s stock had a trading volume of 258,294 shares, compared to its average volume of 1,367,694. The stock has a fifty day moving average of $136.14 and a two-hundred day moving average of $116.76. Entegris, Inc. has a 52 week low of $69.37 and a 52 week high of $146.91. The firm has a market capitalization of $18.71 billion, a PE ratio of 106.80 and a beta of 1.32. The company has a debt-to-equity ratio of 1.35, a current ratio of 3.85 and a quick ratio of 2.67.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Tuesday, February 13th. The semiconductor company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.06. Entegris had a return on equity of 12.00% and a net margin of 5.13%. The business had revenue of $812.30 million during the quarter, compared to analyst estimates of $780.95 million. During the same period last year, the company earned $0.83 EPS. The company’s revenue for the quarter was down 14.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Entegris, Inc. will post 3.31 EPS for the current fiscal year.

Entegris Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 1st will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $0.40 annualized dividend and a yield of 0.32%. Entegris’s payout ratio is currently 33.61%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on ENTG shares. UBS Group upped their price target on Entegris from $90.00 to $130.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. Needham & Company LLC reaffirmed a “buy” rating and set a $150.00 price target on shares of Entegris in a report on Thursday, March 7th. StockNews.com downgraded Entegris from a “hold” rating to a “sell” rating in a report on Thursday, February 22nd. The Goldman Sachs Group upped their price objective on Entegris from $104.00 to $147.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. Finally, Mizuho reiterated a “neutral” rating and set a $140.00 price objective on shares of Entegris in a research report on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $141.64.

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).