London Co. of Virginia Sells 25,196 Shares of Entegris, Inc. (NASDAQ:ENTG)

London Co. of Virginia lowered its position in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,025,885 shares of the semiconductor company's stock after selling 25,196 shares during the period. Entegris comprises 1.6% of London Co. of Virginia's holdings, making the stock its 17th largest position. London Co. of Virginia owned 2.00% of Entegris worth $299,744,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ENTG. Quarry LP bought a new stake in shares of Entegris in the 4th quarter valued at $28,000. Proficio Capital Partners LLC bought a new stake in shares of Entegris in the 4th quarter valued at $42,000. Parvin Asset Management LLC bought a new stake in shares of Entegris in the 4th quarter valued at $69,000. Eagle Bay Advisors LLC increased its position in shares of Entegris by 4,375.0% in the 4th quarter. Eagle Bay Advisors LLC now owns 716 shares of the semiconductor company's stock valued at $71,000 after buying an additional 700 shares in the last quarter. Finally, Promus Capital LLC bought a new stake in shares of Entegris in the 4th quarter valued at $71,000.

Insider Activity

In related news, SVP Olivier Blachier sold 984 shares of Entegris stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $108.00, for a total transaction of $106,272.00. Following the completion of the transaction, the senior vice president now owns 10,903 shares in the company, valued at approximately $1,177,524. This trade represents a 8.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.67% of the stock is owned by corporate insiders.

Entegris Price Performance

Shares of NASDAQ ENTG opened at $76.36 on Monday. The stock has a market capitalization of $11.55 billion, a price-to-earnings ratio of 39.56, a PEG ratio of 1.50 and a beta of 1.33. The business has a 50-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 current ratio of 3.08 and a quick ratio of 1.86. Entegris, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $147.57.

Entegris (NASDAQ:ENTG - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $773.20 million during the quarter, compared to the consensus estimate of $790.75 million. Entegris had a net margin of 9.03% and a return on equity of 12.83%. Entegris's revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.68 EPS. As a group, sell-side analysts predict that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Wednesday, April 30th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.52%. The ex-dividend date is Wednesday, April 30th. Entegris's payout ratio is 20.73%.

Analyst Upgrades and Downgrades

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

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).

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