Entegris, Inc. (NASDAQ:ENTG) Shares Sold by First Trust Advisors LP

First Trust Advisors LP lowered its stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 80.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,029 shares of the semiconductor company's stock after selling 52,199 shares during the period. First Trust Advisors LP's holdings in Entegris were worth $1,291,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Entegris by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 15,202,146 shares of the semiconductor company's stock worth $1,505,925,000 after acquiring an additional 169,180 shares in the last quarter. Norges Bank purchased a new position in shares of Entegris during the fourth quarter valued at approximately $445,988,000. Cantillon Capital Management LLC boosted its position in shares of Entegris by 12.6% during the fourth quarter. Cantillon Capital Management LLC now owns 2,616,354 shares of the semiconductor company's stock valued at $259,176,000 after buying an additional 291,893 shares during the period. Geode Capital Management LLC boosted its position in shares of Entegris by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 2,560,896 shares of the semiconductor company's stock valued at $253,225,000 after buying an additional 22,948 shares during the period. Finally, Swedbank AB boosted its position in shares of Entegris by 47.7% during the fourth quarter. Swedbank AB now owns 1,550,942 shares of the semiconductor company's stock valued at $153,636,000 after buying an additional 500,581 shares during the period.

Entegris Stock Up 6.6%

Entegris stock traded up $5.03 during mid-day trading on Monday, reaching $81.39. 1,242,306 shares of the company were exchanged, compared to its average volume of 2,412,120. The business has a fifty day moving average of $83.04 and a 200 day moving average of $96.55. 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 has a market cap of $12.32 billion, a P/E ratio of 42.17, a PEG ratio of 1.50 and a beta of 1.33. Entegris, Inc. has a 12-month low of $60.75 and a 12-month high of $147.57.

Entegris (NASDAQ:ENTG - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The semiconductor company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.02). Entegris had a net margin of 9.03% and a return on equity of 12.83%. The business had revenue of $773.20 million for the quarter, compared to analysts' expectations of $790.75 million. During the same quarter in the prior year, the company posted $0.68 EPS. The business's revenue for the quarter was up .3% on a year-over-year basis. Research analysts anticipate that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 21st. Investors of record on Wednesday, April 30th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.49%. The ex-dividend date is Wednesday, April 30th. Entegris's payout ratio is 20.73%.

Insider Activity at Entegris

In related news, SVP Olivier Blachier sold 984 shares of the company's stock in a transaction 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 $1,177,524. This represents a 8.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.67% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ENTG. Needham & Company LLC dropped their target price on Entegris from $120.00 to $100.00 and set a "buy" rating for the company in a research report on Thursday. KeyCorp dropped their target price on Entegris from $130.00 to $117.00 and set an "overweight" rating for the company in a research report on Thursday. Citigroup lowered their price target on Entegris from $125.00 to $102.00 and set a "buy" rating for the company in a report on Thursday. StockNews.com lowered Entegris from a "hold" rating to a "sell" rating in a report on Saturday, April 19th. Finally, UBS Group lowered their price target on Entegris from $90.00 to $85.00 and set a "neutral" rating for the company in a report on Thursday. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $113.00.

About Entegris

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).