Entegris, Inc. (NASDAQ:ENTG) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. trimmed its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 22.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 104,157 shares of the semiconductor company’s stock after selling 31,001 shares during the period. Federated Hermes Inc. owned about 0.07% of Entegris worth $10,318,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ENTG. Kovitz Investment Group Partners LLC purchased a new stake in shares of Entegris in the third quarter worth about $450,000. EP Wealth Advisors LLC acquired a new position in Entegris during the 3rd quarter worth approximately $318,000. Nomura Asset Management Co. Ltd. boosted its holdings in Entegris by 8.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 42,840 shares of the semiconductor company’s stock worth $4,821,000 after acquiring an additional 3,200 shares during the period. Barclays PLC grew its position in Entegris by 44.2% in the third quarter. Barclays PLC now owns 963,157 shares of the semiconductor company’s stock valued at $108,383,000 after acquiring an additional 295,358 shares in the last quarter. Finally, M&T Bank Corp raised its stake in shares of Entegris by 3.2% during the third quarter. M&T Bank Corp now owns 55,222 shares of the semiconductor company’s stock valued at $6,214,000 after purchasing an additional 1,697 shares during the period.

Insiders Place Their Bets

In related news, SVP Clinton M. Haris sold 12,652 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $106.92, for a total value of $1,352,751.84. Following the completion of the sale, the senior vice president now owns 34,820 shares of the company’s stock, valued at $3,722,954.40. This represents a 26.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Olivier Blachier sold 984 shares of the stock in a transaction dated Friday, February 21st. The shares were 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 owns 10,903 shares of the company’s stock, valued at $1,177,524. This represents a 8.28 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ENTG. Mizuho lowered their price target on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. StockNews.com downgraded Entegris from a “hold” rating to a “sell” rating in a research note on Friday. KeyCorp cut their price target on Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a research note on Friday, February 7th. Finally, Needham & Company LLC restated a “buy” rating and set a $120.00 price objective on shares of Entegris in a research note on Friday, February 7th. One 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 company. Based on data from MarketBeat, Entegris currently has a consensus rating of “Moderate Buy” and an average price target of $124.88.

Entegris Stock Down 12.2 %

ENTG stock opened at $68.90 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. Entegris, Inc. has a 1-year low of $60.75 and a 1-year high of $147.57. The firm has a fifty day moving average price of $95.11 and a two-hundred day moving average price of $101.42. The firm has a market cap of $10.43 billion, a price-to-earnings ratio of 35.70, a PEG ratio of 1.50 and a beta of 1.36.

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

Entegris Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend was Wednesday, January 29th. Entegris’s payout ratio is currently 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).