Entegris, Inc. (NASDAQ:ENTG) Shares Sold by Bank of America Corp DE

Bank of America Corp DE lowered its holdings in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 30.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,670,826 shares of the semiconductor company's stock after selling 724,867 shares during the quarter. Bank of America Corp DE owned about 1.11% of Entegris worth $165,512,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of ENTG. Vanguard Group Inc. raised its stake in Entegris by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 15,202,146 shares of the semiconductor company's stock valued at $1,505,925,000 after acquiring an additional 169,180 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Entegris by 33.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 11,194,612 shares of the semiconductor company's stock valued at $1,108,940,000 after buying an additional 2,826,463 shares in the last quarter. Norges Bank purchased a new position in Entegris during the 4th quarter valued at about $445,988,000. D1 Capital Partners L.P. grew its holdings in Entegris by 329.4% during the 4th quarter. D1 Capital Partners L.P. now owns 2,752,902 shares of the semiconductor company's stock valued at $272,702,000 after buying an additional 2,111,801 shares in the last quarter. Finally, Cantillon Capital Management LLC lifted its position 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 valued at $259,176,000 after purchasing an additional 291,893 shares during the last quarter.

Entegris Price Performance

ENTG traded down $2.46 on Thursday, hitting $79.32. 1,053,007 shares of the company's stock traded hands, compared to its average volume of 2,447,977. The company's 50 day simple moving average is $81.88 and its 200-day simple moving average is $96.20. The firm has a market cap of $12.01 billion, a price-to-earnings ratio of 41.11, a P/E/G ratio of 1.50 and a beta of 1.33. Entegris, Inc. has a one year low of $60.75 and a one year 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 - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The semiconductor company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.02). The firm had revenue of $773.20 million for the quarter, compared to analysts' expectations of $790.75 million. Entegris had a net margin of 9.03% and a return on equity of 12.83%. The business's quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.68 EPS. As a group, research analysts anticipate that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Wednesday, April 30th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.50%. The ex-dividend date is Wednesday, April 30th. Entegris's dividend payout ratio (DPR) is presently 19.61%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on ENTG shares. UBS Group cut their price target on shares of Entegris from $90.00 to $85.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. KeyCorp cut their target price on Entegris from $130.00 to $117.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. Citigroup cut their target price on Entegris from $125.00 to $102.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Needham & Company LLC cut their target price on Entegris from $120.00 to $100.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Finally, StockNews.com downgraded 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 given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $113.00.

Insiders Place Their Bets

In other Entegris news, 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 value of $106,272.00. Following the completion of the sale, the senior vice president now directly owns 10,903 shares in the company, valued at approximately $1,177,524. This trade represents a 8.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.67% of the company's stock.

About Entegris

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).