Entegris, Inc. (NASDAQ:ENTG) Holdings Trimmed by Thornburg Investment Management Inc.

Key Points

• Thornburg Investment Management Inc. reduced its stake in Entegris, Inc. by 14.0%, owning 71,499 shares valued at approximately $6.26 million as of the latest SEC filing.
• Entegris reported $0.67 EPS for the last quarter, missing the consensus estimate, and had a revenue of $773.2 million, which was below analysts' expectations of $790.75 million.
• The company announced a quarterly dividend of $0.10, translating to an annual yield of 0.43%, with the ex-dividend date set for July 30th.

Thornburg Investment Management Inc. decreased its position in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 14.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 71,499 shares of the semiconductor company's stock after selling 11,651 shares during the quarter. Thornburg Investment Management Inc.'s holdings in Entegris were worth $6,255,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in ENTG. Central Pacific Bank Trust Division grew its position in Entegris by 125.7% in the 1st quarter. Central Pacific Bank Trust Division now owns 307 shares of the semiconductor company's stock valued at $27,000 after buying an additional 171 shares during the last quarter. Quarry LP purchased a new position in Entegris in the 4th quarter valued at $28,000. Neo Ivy Capital Management acquired a new stake in Entegris in the fourth quarter valued at $34,000. Curat Global LLC acquired a new stake in Entegris in the first quarter valued at $39,000. Finally, Larson Financial Group LLC lifted its holdings in Entegris by 4,920.0% in the first quarter. Larson Financial Group LLC now owns 753 shares of the semiconductor company's stock valued at $66,000 after acquiring an additional 738 shares during the period.

Insiders Place Their Bets

In other news, SVP Clinton M. Haris sold 3,627 shares of the stock in a transaction on Thursday, July 17th. The stock was sold at an average price of $90.00, for a total value of $326,430.00. Following the completion of the transaction, the senior vice president owned 37,743 shares of the company's stock, valued at approximately $3,396,870. This represents a 8.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.67% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Needham & Company LLC reaffirmed a "buy" rating and set a $100.00 price target on shares of Entegris in a research note on Tuesday, May 20th. Wall Street Zen downgraded Entegris from a "hold" rating to a "sell" rating in a research note on Saturday, April 19th. UBS Group dropped their price objective on Entegris from $95.00 to $90.00 and set a "neutral" rating for the company in a research report on Thursday. Citigroup dropped their price objective on Entegris from $125.00 to $102.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Finally, Mizuho lifted their price objective on Entegris from $90.00 to $98.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $106.44.

Entegris Stock Down 3.6%

NASDAQ ENTG traded down $2.80 on Friday, reaching $75.66. The company had a trading volume of 5,561,091 shares, compared to its average volume of 3,390,489. The firm has a market capitalization of $11.45 billion, a PE ratio of 39.00 and a beta of 1.27. Entegris, Inc. has a 1 year low of $60.75 and a 1 year high of $119.95. The firm has a 50-day moving average of $81.38 and a 200-day moving average of $87.27. The company has a debt-to-equity ratio of 1.03, a current ratio of 3.30 and a quick ratio of 1.95.

Entegris (NASDAQ:ENTG - Get Free Report) last announced its earnings results on Wednesday, July 30th. The semiconductor company reported $0.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.01. Entegris had a return on equity of 12.05% and a net margin of 9.17%. The company had revenue of $792.40 million for the quarter, compared to analyst estimates of $753.85 million. During the same period in the prior year, the company posted $0.71 EPS. Entegris's quarterly revenue was down 2.5% on a year-over-year basis. On average, equities research analysts anticipate that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 20th. Shareholders of record on Wednesday, July 30th will be given a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, July 30th. This represents a $0.40 annualized dividend and a yield of 0.5%. Entegris's dividend payout ratio (DPR) is currently 20.62%.

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).