Entegris, Inc. (NASDAQ:ENTG) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lowered its position in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 13.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 68,996 shares of the semiconductor company's stock after selling 10,899 shares during the quarter. Russell Investments Group Ltd.'s holdings in Entegris were worth $8,306,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Headlands Technologies LLC purchased a new position in shares of Entegris in the 4th quarter worth about $159,000. Atria Wealth Solutions Inc. raised its stake in shares of Entegris by 47.7% during the fourth quarter. Atria Wealth Solutions Inc. now owns 5,207 shares of the semiconductor company's stock worth $624,000 after acquiring an additional 1,681 shares in the last quarter. Yousif Capital Management LLC purchased a new position in shares of Entegris during the fourth quarter worth approximately $233,000. GAMMA Investing LLC bought a new stake in shares of Entegris in the 4th quarter worth approximately $101,000. Finally, Parkside Financial Bank & Trust boosted its stake in shares of Entegris by 20.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,357 shares of the semiconductor company's stock valued at $163,000 after purchasing an additional 229 shares in the last quarter.

Insider Activity

In other news, CAO Michael Sauer sold 1,897 shares of the business's stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $132.54, for a total value of $251,428.38. Following the transaction, the chief accounting officer now directly owns 1,779 shares in the company, valued at $235,788.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Entegris news, SVP Michael Besnard sold 12,667 shares of Entegris stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $135.78, for a total value of $1,719,925.26. Following the sale, the senior vice president now directly owns 10,213 shares in the company, valued at approximately $1,386,721.14. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Michael Sauer sold 1,897 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $132.54, for a total transaction of $251,428.38. Following the transaction, the chief accounting officer now directly owns 1,779 shares of the company's stock, valued at approximately $235,788.66. The disclosure for this sale can be found here. Insiders have sold 41,082 shares of company stock worth $5,606,849 in the last three months. Company insiders own 0.67% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on ENTG shares. KeyCorp boosted their price objective on Entegris from $136.00 to $164.00 and gave the company an "overweight" rating in a research report on Thursday, February 15th. UBS Group boosted their price objective 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 reissued a "buy" rating and issued a $150.00 target price on shares of Entegris in a research note on Wednesday, May 1st. The Goldman Sachs Group upped their price target on Entegris from $104.00 to $147.00 and gave the company a "buy" rating in a research report on Thursday, February 15th. Finally, Mizuho upped their target price on Entegris from $140.00 to $143.00 and gave the company a "neutral" rating in a report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $141.91.

Entegris Stock Performance

ENTG stock traded down $1.20 during trading on Tuesday, reaching $132.70. The stock had a trading volume of 1,110,910 shares, compared to its average volume of 1,408,089. The firm has a market cap of $20.01 billion, a PE ratio of 63.80 and a beta of 1.31. The company has a current ratio of 3.35, a quick ratio of 2.02 and a debt-to-equity ratio of 1.22. The stock's 50 day moving average is $135.30 and its two-hundred day moving average is $119.91. Entegris, Inc. has a 52 week low of $76.93 and a 52 week high of $146.91.

Entegris (NASDAQ:ENTG - Get Free Report) last released its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.07. Entegris had a net margin of 9.31% and a return on equity of 11.94%. The business had revenue of $771.03 million for the quarter, compared to the consensus estimate of $769.24 million. During the same period last year, the firm earned $0.65 earnings per share. The company's quarterly revenue was down 16.4% on a year-over-year basis. As a group, equities analysts anticipate that Entegris, Inc. will post 3.27 earnings per share for the current year.

Entegris Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 1st will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.30%. Entegris's dividend payout ratio (DPR) is presently 19.23%.

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).