Entegris, Inc. (NASDAQ:ENTG) Shares Sold by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp trimmed its holdings in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 34.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,261 shares of the semiconductor company's stock after selling 3,239 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Entegris were worth $620,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Quarry LP purchased a new stake in Entegris during the fourth quarter valued at approximately $28,000. Proficio Capital Partners LLC acquired a new stake in Entegris during the fourth quarter valued at $42,000. Parvin Asset Management LLC acquired a new stake in Entegris during the fourth quarter valued at $69,000. Promus Capital LLC acquired a new stake in shares of Entegris in the fourth quarter valued at about $71,000. Finally, Smartleaf Asset Management LLC grew its position in shares of Entegris by 27.6% in 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 during the period.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ENTG. Citigroup decreased their price target on shares of Entegris from $125.00 to $102.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. UBS Group reduced their target price on shares of Entegris from $90.00 to $85.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Needham & Company LLC reiterated a "buy" rating and set a $100.00 price target on shares of Entegris in a research report on Tuesday. Wall Street Zen cut shares of Entegris from a "hold" rating to a "sell" rating in a research report on Saturday, April 19th. Finally, KeyCorp dropped their price target on shares of Entegris from $130.00 to $117.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, Entegris presently has a consensus rating of "Moderate Buy" and a consensus target price of $113.00.

Entegris Price Performance

NASDAQ:ENTG traded down $0.83 during mid-day trading on Friday, hitting $72.34. 2,879,530 shares of the company's stock traded hands, compared to its average volume of 2,508,755. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.86 and a current ratio of 3.08. The firm's 50 day simple moving average is $78.80 and its 200 day simple moving average is $94.67. Entegris, Inc. has a 1 year low of $60.75 and a 1 year high of $147.57. The company has a market cap of $10.95 billion, a PE ratio of 37.48, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33.

Entegris (NASDAQ:ENTG - Get Free Report) last posted its 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 business 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 revenue was up .3% compared to the same quarter last year. During the same quarter last year, the business posted $0.68 earnings per share. Sell-side analysts expect that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 0.55%. Entegris's dividend payout ratio (DPR) is presently 19.61%.

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).