The Manufacturers Life Insurance Company Reduces Stock Position in Entegris, Inc. (NASDAQ:ENTG)

The Manufacturers Life Insurance Company reduced its stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 96.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,342 shares of the semiconductor company's stock after selling 216,281 shares during the period. The Manufacturers Life Insurance Company's holdings in Entegris were worth $727,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Entegris during the fourth quarter worth about $445,988,000. Price T Rowe Associates Inc. MD increased its position in shares of Entegris by 33.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 11,194,612 shares of the semiconductor company's stock worth $1,108,940,000 after acquiring an additional 2,826,463 shares in the last quarter. D1 Capital Partners L.P. increased its position in shares of Entegris by 329.4% during the fourth quarter. D1 Capital Partners L.P. now owns 2,752,902 shares of the semiconductor company's stock worth $272,702,000 after acquiring an additional 2,111,801 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Entegris during the fourth quarter worth about $91,869,000. Finally, James Hambro & Partners LLP bought a new stake in shares of Entegris during the fourth quarter worth about $72,845,000.

Entegris Stock Down 5.0%

ENTG opened at $72.43 on Thursday. The company has a quick ratio of 1.86, a current ratio of 3.08 and a debt-to-equity ratio of 1.08. The stock has a market cap of $10.97 billion, a price-to-earnings ratio of 37.53, a PEG ratio of 1.50 and a beta of 1.33. Entegris, Inc. has a twelve month low of $60.75 and a twelve month high of $147.57. The company's 50-day moving average price is $79.90 and its two-hundred day moving average price is $95.15.

Entegris (NASDAQ:ENTG - Get Free Report) last released its earnings results on Wednesday, May 7th. The semiconductor company reported $0.67 earnings per share for the quarter, missing analysts' consensus estimates of $0.69 by ($0.02). The company had revenue of $773.20 million during the quarter, compared to analysts' expectations of $790.75 million. Entegris had a net margin of 9.03% and a return on equity of 12.83%. The firm's revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.68 earnings per share. As a group, equities analysts expect that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Wednesday, April 30th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date was Wednesday, April 30th. Entegris's payout ratio is 19.61%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. KeyCorp decreased their target price on shares of Entegris from $130.00 to $117.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Citigroup decreased their target price on shares of Entegris from $125.00 to $102.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Needham & Company LLC reissued a "buy" rating and set a $100.00 target price on shares of Entegris in a research report on Tuesday. UBS Group cut their price target on shares of Entegris from $90.00 to $85.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Finally, StockNews.com cut shares of Entegris from a "hold" rating to a "sell" rating in a report on Saturday, April 19th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $113.00.

Insider Buying and Selling at Entegris

In other Entegris news, SVP Olivier Blachier sold 984 shares of the business's 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 transaction, the senior vice president now directly owns 10,903 shares in the company, valued at $1,177,524. The trade was a 8.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.67% of the company's stock.

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).