Wellington Management Group LLP Decreases Position in Entegris, Inc. (NASDAQ:ENTG)

Wellington Management Group LLP lowered its position in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 61.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 317,915 shares of the semiconductor company's stock after selling 514,314 shares during the period. Wellington Management Group LLP owned 0.21% of Entegris worth $31,493,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ENTG. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Entegris by 2.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,596 shares of the semiconductor company's stock worth $852,000 after purchasing an additional 203 shares in the last quarter. Siemens Fonds Invest GmbH purchased a new position in Entegris during the fourth quarter valued at $3,351,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Entegris during the fourth quarter valued at $12,140,000. Polar Asset Management Partners Inc. lifted its position in Entegris by 192.0% during the fourth quarter. Polar Asset Management Partners Inc. now owns 153,900 shares of the semiconductor company's stock valued at $15,245,000 after purchasing an additional 101,200 shares in the last quarter. Finally, Forum Financial Management LP purchased a new position in Entegris during the fourth quarter valued at $274,000.

Wall Street Analyst Weigh In

ENTG has been the topic of several analyst reports. Wall Street Zen downgraded Entegris from a "hold" rating to a "sell" rating in a research report on Saturday, April 19th. Citigroup lowered their price objective on Entegris from $125.00 to $102.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. UBS Group lowered their price objective on Entegris from $90.00 to $85.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. KeyCorp lowered their price objective on Entegris from $130.00 to $117.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. Finally, Needham & Company LLC restated a "buy" rating and issued a $100.00 price objective on shares of Entegris in a research report on Tuesday, May 20th. One 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 data from MarketBeat, Entegris currently has an average rating of "Moderate Buy" and an average target price of $113.00.

Entegris Trading Up 1.7%

NASDAQ:ENTG traded up $1.23 during midday trading on Wednesday, hitting $73.04. The stock had a trading volume of 1,099,105 shares, compared to its average volume of 2,560,414. Entegris, Inc. has a one year low of $60.75 and a one year high of $147.57. The company has a market capitalization of $11.06 billion, a price-to-earnings ratio of 37.84, a PEG ratio of 1.50 and a beta of 1.33. The stock has a 50-day moving average of $75.34 and a 200 day moving average of $93.09. The company has a quick ratio of 1.86, a current ratio of 3.08 and a debt-to-equity ratio of 1.08.

Entegris (NASDAQ:ENTG - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.02). Entegris had a return on equity of 12.83% and a net margin of 9.03%. The firm had revenue of $773.20 million during the quarter, compared to the consensus estimate of $790.75 million. During the same period last year, the company earned $0.68 EPS. The firm's revenue for the quarter was up .3% compared to the same quarter last year. As a group, sell-side analysts forecast 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, May 21st. Stockholders of record on Wednesday, April 30th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.55%. Entegris's dividend payout ratio is presently 19.61%.

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).