Wells Fargo & Company MN Reduces Position in Entegris, Inc. (NASDAQ:ENTG)

Wells Fargo & Company MN trimmed its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 3.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 365,100 shares of the semiconductor company’s stock after selling 12,463 shares during the quarter. Wells Fargo & Company MN owned 0.24% of Entegris worth $36,167,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Corient Private Wealth LLC increased its position in shares of Entegris by 1.1% during the fourth quarter. Corient Private Wealth LLC now owns 11,862 shares of the semiconductor company’s stock worth $1,175,000 after acquiring an additional 128 shares during the last quarter. Torray Investment Partners LLC increased its holdings in Entegris by 0.9% in the fourth quarter. Torray Investment Partners LLC now owns 15,266 shares of the semiconductor company’s stock valued at $1,512,000 after buying an additional 129 shares during the last quarter. Metis Global Partners LLC increased its holdings in Entegris by 7.1% in the fourth quarter. Metis Global Partners LLC now owns 2,049 shares of the semiconductor company’s stock valued at $203,000 after buying an additional 135 shares during the last quarter. HighPoint Advisor Group LLC increased its holdings in Entegris by 4.3% in the fourth quarter. HighPoint Advisor Group LLC now owns 3,559 shares of the semiconductor company’s stock valued at $376,000 after buying an additional 146 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its holdings in Entegris by 6.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 2,482 shares of the semiconductor company’s stock valued at $246,000 after buying an additional 147 shares during the last quarter.

Wall Street Analyst Weigh In

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

Entegris Stock Down 12.2 %

NASDAQ:ENTG opened at $68.90 on Friday. The firm has a market capitalization of $10.43 billion, a PE ratio of 35.70, a price-to-earnings-growth ratio of 1.50 and a beta of 1.36. The stock has a 50 day moving average of $95.11 and a 200-day moving average of $101.42. Entegris, Inc. has a 52 week low of $60.75 and a 52 week high of $147.57. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08.

Entegris (NASDAQ:ENTG) last posted its 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 return on equity of 12.83% and a net margin of 9.03%. Analysts predict that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, January 29th. This represents a $0.40 annualized dividend and a dividend yield of 0.58%. Entegris’s dividend payout ratio is presently 20.73%.

Insider Transactions at Entegris

In other news, SVP Olivier Blachier sold 984 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $1,177,524. The trade was a 8.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Clinton M. Haris sold 12,652 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $106.92, for a total value of $1,352,751.84. Following the transaction, the senior vice president now owns 34,820 shares of the company’s stock, valued at approximately $3,722,954.40. This represents a 26.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.67% of the company’s stock.

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).