WCM Investment Management LLC Sells 611,187 Shares of Entegris, Inc. $ENTG

Key Points

• WCM Investment Management LLC significantly reduced its holdings in Entegris, Inc. by 94.4%, selling 611,187 shares during the second quarter, leaving them with 36,153 shares valued at approximately $2.98 million.
• Several institutional investors, including GAMMA Investing LLC and QRG Capital Management Inc., made notable adjustments to their positions in Entegris, indicating changing investor sentiment in the stock.
• Entegris recently announced a quarterly $0.10 dividend, to be paid on November 19th, with a current dividend yield of 0.4% and a payout ratio of 20.62%.

WCM Investment Management LLC trimmed its position in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 94.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,153 shares of the semiconductor company's stock after selling 611,187 shares during the quarter. WCM Investment Management LLC's holdings in Entegris were worth $2,978,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ENTG. GAMMA Investing LLC lifted its holdings in shares of Entegris by 80.5% in the first quarter. GAMMA Investing LLC now owns 3,210 shares of the semiconductor company's stock worth $281,000 after buying an additional 1,432 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Entegris in the first quarter worth about $805,000. QRG Capital Management Inc. lifted its holdings in shares of Entegris by 29.9% in the first quarter. QRG Capital Management Inc. now owns 10,867 shares of the semiconductor company's stock worth $951,000 after buying an additional 2,499 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of Entegris in the first quarter worth about $1,548,000. Finally, Global X Japan Co. Ltd. lifted its holdings in shares of Entegris by 2.4% in the first quarter. Global X Japan Co. Ltd. now owns 12,545 shares of the semiconductor company's stock worth $1,097,000 after buying an additional 300 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Entegris from a "sell" rating to a "hold" rating in a report on Friday, October 3rd. UBS Group decreased their price objective on shares of Entegris from $95.00 to $90.00 and set a "neutral" rating on the stock in a research report on Thursday, July 31st. Mizuho upped their price objective on shares of Entegris from $100.00 to $108.00 and gave the stock an "outperform" rating in a research report on Friday, October 3rd. Weiss Ratings restated a "hold (c-)" rating on shares of Entegris in a research report on Wednesday, October 8th. Finally, The Goldman Sachs Group started coverage on shares of Entegris in a research report on Thursday, July 10th. They issued a "neutral" rating and a $85.00 price objective on the stock. Seven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Entegris has a consensus rating of "Moderate Buy" and an average price target of $106.30.

Entegris Stock Down 4.3%

Shares of ENTG opened at $90.54 on Friday. The firm has a market cap of $13.73 billion, a P/E ratio of 46.67 and a beta of 1.38. The stock has a 50 day simple moving average of $87.04 and a two-hundred day simple moving average of $81.43. The company has a debt-to-equity ratio of 1.04, a current ratio of 3.30 and a quick ratio of 1.95. Entegris, Inc. has a 1 year low of $60.75 and a 1 year high of $112.36.

Entegris (NASDAQ:ENTG - Get Free Report) last issued its earnings results on Wednesday, July 6th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter. The business had revenue of $512.84 million during the quarter. Entegris had a return on equity of 12.05% and a net margin of 9.17%. On average, analysts forecast that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 19th. Shareholders of record on Wednesday, October 29th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, October 29th. This represents a $0.40 annualized dividend and a yield of 0.4%. Entegris's dividend payout ratio is currently 20.62%.

Insider Transactions at Entegris

In other Entegris news, SVP Susan G. Rice sold 8,858 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $79.84, for a total value of $707,222.72. Following the completion of the sale, the senior vice president owned 56,912 shares of the company's stock, valued at $4,543,854.08. This represents a 13.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.67% of the stock is currently owned by corporate insiders.

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).

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