Gates Capital Management Inc. Has $50.51 Million Stake in Entegris, Inc. (NASDAQ:ENTG)

Gates Capital Management Inc. cut its holdings in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 28.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 509,854 shares of the semiconductor company's stock after selling 204,400 shares during the quarter. Entegris accounts for 0.9% of Gates Capital Management Inc.'s investment portfolio, making the stock its 27th largest position. Gates Capital Management Inc. owned approximately 0.34% of Entegris worth $50,506,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC boosted its position in shares of Entegris by 44.2% during the 3rd quarter. Barclays PLC now owns 963,157 shares of the semiconductor company's stock worth $108,383,000 after acquiring an additional 295,358 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Entegris by 130.8% in the 3rd quarter. Principal Financial Group Inc. now owns 1,379,963 shares of the semiconductor company's stock valued at $155,287,000 after buying an additional 781,955 shares in the last quarter. Nordea Investment Management AB raised its stake in Entegris by 8.2% during the 4th quarter. Nordea Investment Management AB now owns 11,982 shares of the semiconductor company's stock worth $1,188,000 after acquiring an additional 910 shares in the last quarter. Diversified Trust Co grew its holdings in shares of Entegris by 11.0% during the fourth quarter. Diversified Trust Co now owns 6,858 shares of the semiconductor company's stock worth $679,000 after purchasing an additional 682 shares during the last quarter. Finally, First Hawaiian Bank boosted its position in shares of Entegris by 28.4% in the 4th quarter. First Hawaiian Bank now owns 15,643 shares of the semiconductor company's stock valued at $1,550,000 after purchasing an additional 3,463 shares during the period.

Insider Transactions at Entegris

In related news, SVP Olivier Blachier sold 984 shares of Entegris stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $108.00, for a total value of $106,272.00. Following the sale, the senior vice president now directly owns 10,903 shares in the company, valued at $1,177,524. This trade represents a 8.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.67% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on ENTG shares. Citigroup lowered their price objective on shares of Entegris from $125.00 to $102.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. StockNews.com cut shares of Entegris from a "hold" rating to a "sell" rating in a research note on Saturday, April 19th. KeyCorp reduced their price target on Entegris from $130.00 to $117.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Needham & Company LLC lowered their price target on shares of Entegris from $120.00 to $100.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Finally, UBS Group dropped their target price on shares of Entegris from $90.00 to $85.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Entegris has a consensus rating of "Moderate Buy" and a consensus price target of $113.00.

Entegris Trading Up 0.5%

Shares of Entegris stock traded up $0.44 during mid-day trading on Tuesday, hitting $82.83. 263,040 shares of the stock were exchanged, compared to its average volume of 2,427,847. Entegris, Inc. has a twelve month low of $60.75 and a twelve month high of $147.57. The company has a 50-day simple moving average of $82.64 and a 200 day simple moving average of $96.39. The stock has a market capitalization of $12.54 billion, a price-to-earnings ratio of 43.18, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08.

Entegris (NASDAQ:ENTG - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The semiconductor company reported $0.67 EPS for the quarter, missing analysts' consensus estimates of $0.69 by ($0.02). Entegris had a net margin of 9.03% and a return on equity of 12.83%. The company had revenue of $773.20 million for the quarter, compared to analyst estimates of $790.75 million. During the same period in the prior year, the company earned $0.68 EPS. The company's revenue was up .3% compared to the same quarter last year. Research 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 will be paid on Wednesday, May 21st. Investors of record on Wednesday, April 30th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend is Wednesday, April 30th. Entegris's dividend payout ratio 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).