Select Equity Group L.P. Lowers Holdings in Entegris, Inc. (NASDAQ:ENTG)

Select Equity Group L.P. reduced its holdings in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 6.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,811,064 shares of the semiconductor company's stock after selling 277,619 shares during the period. Entegris comprises approximately 1.5% of Select Equity Group L.P.'s portfolio, making the stock its 26th biggest holding. Select Equity Group L.P. owned about 2.52% of Entegris worth $377,524,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quarry LP purchased a new position in Entegris in the 4th quarter worth approximately $28,000. Proficio Capital Partners LLC purchased a new stake in Entegris in the fourth quarter worth $42,000. Parvin Asset Management LLC purchased a new stake in Entegris in the fourth quarter worth $69,000. Promus Capital LLC purchased a new stake in Entegris in the fourth quarter worth $71,000. Finally, Smartleaf Asset Management LLC boosted its position in shares of Entegris by 27.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 731 shares of the semiconductor company's stock valued at $73,000 after purchasing an additional 158 shares in the last quarter.

Entegris Stock Performance

Shares of Entegris stock traded up $0.74 during trading on Tuesday, hitting $76.27. 3,008,342 shares of the company's stock traded hands, compared to its average volume of 2,483,975. The business has a 50-day simple moving average of $80.79 and a 200-day simple moving average of $95.44. The stock has a market capitalization of $11.55 billion, a P/E ratio of 39.52, a PEG ratio of 1.50 and a beta of 1.33. Entegris, Inc. has a 1 year low of $60.75 and a 1 year high of $147.57. 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 (NASDAQ:ENTG - Get Free Report) last released 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). The firm had revenue of $773.20 million for the quarter, compared to the consensus estimate of $790.75 million. Entegris had a net margin of 9.03% and a return on equity of 12.83%. The company's revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.68 earnings per share. As a group, analysts forecast that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Wednesday, April 30th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, April 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.52%. Entegris's payout ratio is currently 19.61%.

Insider Activity

In related 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 value of $106,272.00. Following the transaction, the senior vice president now directly owns 10,903 shares of the company's stock, valued at approximately $1,177,524. The trade was a 8.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.67% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. UBS Group dropped their price target on Entegris from $90.00 to $85.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. StockNews.com downgraded Entegris from a "hold" rating to a "sell" rating in a report on Saturday, April 19th. KeyCorp reduced their price target on Entegris from $130.00 to $117.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Citigroup reduced their price target on Entegris from $125.00 to $102.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Finally, Needham & Company LLC restated a "buy" rating and set a $100.00 price target on shares of Entegris in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $113.00.

Entegris Company 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).