JPMorgan Chase & Co. Sells 2,146,235 Shares of Entegris, Inc. (NASDAQ:ENTG)

JPMorgan Chase & Co. lessened its holdings in Entegris, Inc. (NASDAQ:ENTG) by 32.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,388,139 shares of the semiconductor company’s stock after selling 2,146,235 shares during the quarter. JPMorgan Chase & Co. owned 2.91% of Entegris worth $434,689,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in ENTG. Vanguard Group Inc. grew its holdings in shares of Entegris by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 15,202,146 shares of the semiconductor company’s stock worth $1,505,925,000 after purchasing an additional 169,180 shares during the last quarter. Mountaineer Partners Management LLC boosted its position in Entegris by 16,255.1% in the third quarter. Mountaineer Partners Management LLC now owns 11,044,594 shares of the semiconductor company’s stock valued at $1,242,848,000 after buying an additional 10,977,064 shares in the last quarter. Cantillon Capital Management LLC grew its stake in Entegris by 12.6% during the fourth quarter. Cantillon Capital Management LLC now owns 2,616,354 shares of the semiconductor company’s stock worth $259,176,000 after buying an additional 291,893 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Entegris by 2.0% during the third quarter. Geode Capital Management LLC now owns 2,537,948 shares of the semiconductor company’s stock worth $284,941,000 after buying an additional 49,846 shares in the last quarter. Finally, Swedbank AB increased its holdings 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 buying an additional 500,581 shares in the last quarter.

Wall Street Analyst Weigh In

Several analysts have recently commented on ENTG shares. Needham & Company LLC restated a “buy” rating and set a $120.00 target price on shares of Entegris in a report on Friday, February 7th. StockNews.com lowered shares of Entegris from a “hold” rating to a “sell” rating in a report on Monday, March 24th. KeyCorp lowered their price objective on shares of Entegris from $150.00 to $141.00 and set an “overweight” rating for the company in a research report on Friday, February 7th. Finally, Mizuho reduced their target price on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $124.88.

Insider Activity

In other news, SVP Clinton M. Haris sold 12,652 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $106.92, for a total transaction of $1,352,751.84. Following the completion of the transaction, the senior vice president now owns 34,820 shares of the company’s stock, valued at approximately $3,722,954.40. The trade was a 26.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction of $106,272.00. Following the completion of the transaction, the senior vice president now directly owns 10,903 shares of the company’s stock, valued at $1,177,524. This trade represents a 8.28 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company’s stock.

Entegris Trading Down 4.1 %

Shares of Entegris stock opened at $88.74 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.08 and a quick ratio of 1.86. The business has a fifty day simple moving average of $101.34 and a two-hundred day simple moving average of $104.19. Entegris, Inc. has a 1 year low of $87.72 and a 1 year high of $147.57. The company has a market capitalization of $13.43 billion, a price-to-earnings ratio of 45.98, a P/E/G ratio of 1.50 and a beta of 1.32.

Entegris (NASDAQ:ENTG) last announced its earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.07. Entegris had a return on equity of 12.83% and a net margin of 9.03%. Research analysts forecast that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th were issued a $0.10 dividend. The ex-dividend date was Wednesday, January 29th. This represents a $0.40 annualized dividend and a yield of 0.45%. Entegris’s dividend payout ratio is presently 20.73%.

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).