Cresset Asset Management LLC Lowers Stock Holdings in Entegris, Inc. (NASDAQ:ENTG)

Cresset Asset Management LLC cut its stake in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 3.3% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 134,011 shares of the semiconductor company's stock after selling 4,510 shares during the period. Cresset Asset Management LLC owned approximately 0.09% of Entegris worth $13,275,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Entegris by 1.1% during 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 in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Entegris by 33.8% during the fourth 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 purchasing an additional 2,826,463 shares during the last quarter. Norges Bank purchased a new stake in shares of Entegris during the fourth quarter valued at $445,988,000. D1 Capital Partners L.P. lifted its stake in Entegris by 329.4% in the 4th quarter. D1 Capital Partners L.P. now owns 2,752,902 shares of the semiconductor company's stock worth $272,702,000 after acquiring an additional 2,111,801 shares in the last quarter. Finally, Cantillon Capital Management LLC increased its position in Entegris by 12.6% in the 4th quarter. Cantillon Capital Management LLC now owns 2,616,354 shares of the semiconductor company's stock worth $259,176,000 after purchasing an additional 291,893 shares during the last quarter.

Insider Activity

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 transaction 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.67% of the stock is owned by corporate insiders.

Entegris Stock Performance

Shares of Entegris stock traded up $5.71 on Monday, hitting $82.07. The stock had a trading volume of 2,957,516 shares, compared to its average volume of 3,347,521. Entegris, Inc. has a twelve month low of $60.75 and a twelve month high of $147.57. The business's 50 day moving average is $83.04 and its two-hundred day moving average is $96.55. The company has a quick ratio of 1.86, a current ratio of 3.08 and a debt-to-equity ratio of 1.08. The stock has a market cap of $12.42 billion, a price-to-earnings ratio of 42.62, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33.

Entegris (NASDAQ:ENTG - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.69 by ($0.02). Entegris had a return on equity of 12.83% and a net margin of 9.03%. The company had revenue of $773.20 million for the quarter, compared to analyst estimates of $790.75 million. During the same period in the prior year, the company earned $0.68 EPS. The company's quarterly revenue was up .3% compared to the same quarter last year. Analysts forecast that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Wednesday, April 30th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date is Wednesday, April 30th. Entegris's payout ratio is 20.73%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Citigroup lowered their price objective on Entegris from $125.00 to $102.00 and set a "buy" rating on the stock in a report on Thursday. Needham & Company LLC reduced their price objective on Entegris from $120.00 to $100.00 and set a "buy" rating for the company in a research report on Thursday. KeyCorp cut their target price on Entegris from $130.00 to $117.00 and set an "overweight" rating for the company in a research report on Thursday. StockNews.com downgraded Entegris from a "hold" rating to a "sell" rating in a research report on Saturday, April 19th. Finally, UBS Group cut their target price on Entegris from $90.00 to $85.00 and set a "neutral" rating for the company in a research report on Thursday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $113.00.

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).