WCM Investment Management LLC Acquires 22,249 Shares of Entegris, Inc. (NASDAQ:ENTG)

WCM Investment Management LLC grew its holdings in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 0.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,173,163 shares of the semiconductor company's stock after buying an additional 22,249 shares during the quarter. Entegris makes up 1.7% of WCM Investment Management LLC's portfolio, making the stock its 20th largest position. WCM Investment Management LLC owned 3.45% of Entegris worth $628,177,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Allworth Financial LP increased its holdings in shares of Entegris by 7.3% during the fourth quarter. Allworth Financial LP now owns 1,463 shares of the semiconductor company's stock worth $175,000 after buying an additional 100 shares in the last quarter. Rehmann Capital Advisory Group raised its holdings in shares of Entegris by 4.3% during the third quarter. Rehmann Capital Advisory Group now owns 2,615 shares of the semiconductor company's stock valued at $246,000 after purchasing an additional 108 shares during the period. Toroso Investments LLC boosted its holdings in Entegris by 3.3% in the third quarter. Toroso Investments LLC now owns 3,478 shares of the semiconductor company's stock worth $327,000 after acquiring an additional 110 shares in the last quarter. Caprock Group LLC increased its position in shares of Entegris by 4.0% during the fourth quarter. Caprock Group LLC now owns 3,032 shares of the semiconductor company's stock worth $363,000 after acquiring an additional 117 shares in the last quarter. Finally, Keybank National Association OH grew its holdings in Entegris by 1.8% during the third quarter. Keybank National Association OH now owns 6,556 shares of the semiconductor company's stock worth $616,000 after buying an additional 119 shares in the last quarter.

Insider Activity

In other news, SVP Susan G. Rice sold 17,518 shares of the company's stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $135.86, for a total value of $2,379,995.48. Following the completion of the sale, the senior vice president now owns 42,931 shares of the company's stock, valued at $5,832,605.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CAO Michael Sauer sold 1,897 shares of the business's stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $132.54, for a total transaction of $251,428.38. Following the completion of the transaction, the chief accounting officer now owns 1,779 shares in the company, valued at approximately $235,788.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Susan G. Rice sold 17,518 shares of the business's stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $135.86, for a total value of $2,379,995.48. Following the transaction, the senior vice president now owns 42,931 shares of the company's stock, valued at $5,832,605.66. The disclosure for this sale can be found here. Insiders sold a total of 41,082 shares of company stock valued at $5,606,849 in the last 90 days. 0.67% of the stock is currently owned by insiders.

Analysts Set New Price Targets

ENTG has been the subject of several recent analyst reports. The Goldman Sachs Group upped their target price on Entegris from $104.00 to $147.00 and gave the company a "buy" rating in a report on Thursday, February 15th. UBS Group increased their price target on shares of Entegris from $90.00 to $130.00 and gave the company a "neutral" rating in a research report on Thursday, February 15th. Needham & Company LLC restated a "buy" rating and set a $150.00 target price on shares of Entegris in a report on Thursday, March 7th. BMO Capital Markets lifted their target price on Entegris from $130.00 to $160.00 and gave the stock an "outperform" rating in a report on Friday, February 16th. Finally, Mizuho restated a "neutral" rating and set a $140.00 target price on shares of Entegris in a research report on Tuesday, February 20th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $141.64.

Entegris Stock Performance

NASDAQ:ENTG traded down $6.22 during mid-day trading on Friday, reaching $132.87. 1,243,667 shares of the stock were exchanged, compared to its average volume of 1,159,517. The company has a 50 day simple moving average of $135.41 and a 200-day simple moving average of $115.87. Entegris, Inc. has a 1 year low of $69.37 and a 1 year high of $146.91. The stock has a market capitalization of $20.03 billion, a P/E ratio of 111.66 and a beta of 1.32. The company has a quick ratio of 2.67, a current ratio of 3.85 and a debt-to-equity ratio of 1.35.

Entegris (NASDAQ:ENTG - Get Free Report) last issued its earnings results on Tuesday, February 13th. The semiconductor company reported $0.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.59 by $0.06. The business had revenue of $812.30 million during the quarter, compared to the consensus estimate of $780.95 million. Entegris had a return on equity of 12.00% and a net margin of 5.13%. The company's revenue for the quarter was down 14.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.83 EPS. Analysts anticipate that Entegris, Inc. will post 3.31 earnings per share for the current fiscal year.

Entegris Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 21st. Investors of record on Wednesday, January 31st were paid a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $0.40 annualized dividend and a yield of 0.30%. Entegris's payout ratio is currently 33.61%.

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).