Wells Fargo & Company MN Sells 12,463 Shares of Entegris, Inc. (NASDAQ:ENTG)

Wells Fargo & Company MN reduced its position in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 3.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 365,100 shares of the semiconductor company's stock after selling 12,463 shares during the period. Wells Fargo & Company MN owned about 0.24% of Entegris worth $36,167,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Kovitz Investment Group Partners LLC purchased a new stake in shares of Entegris during the third quarter worth $450,000. EP Wealth Advisors LLC bought a new stake in shares of Entegris in the 3rd quarter worth approximately $318,000. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Entegris by 8.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 42,840 shares of the semiconductor company's stock worth $4,821,000 after acquiring an additional 3,200 shares during the period. Barclays PLC increased its stake in Entegris by 44.2% in the third quarter. Barclays PLC now owns 963,157 shares of the semiconductor company's stock valued at $108,383,000 after acquiring an additional 295,358 shares during the period. Finally, M&T Bank Corp raised its holdings in shares of Entegris by 3.2% in the 3rd quarter. M&T Bank Corp now owns 55,222 shares of the semiconductor company's stock worth $6,214,000 after buying an additional 1,697 shares in the last quarter.

Entegris Stock Down 4.4 %

NASDAQ ENTG traded down $3.14 during trading on Wednesday, hitting $68.96. The stock had a trading volume of 565,244 shares, compared to its average volume of 2,266,962. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.86 and a current ratio of 3.08. Entegris, Inc. has a 12 month low of $60.75 and a 12 month high of $147.57. The company has a market capitalization of $10.44 billion, a PE ratio of 35.83, a P/E/G ratio of 1.50 and a beta of 1.36. The company's 50-day moving average price is $93.11 and its two-hundred day moving average price is $100.53.

Entegris (NASDAQ:ENTG - Get Free Report) last released its earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share for the quarter, beating analysts' consensus estimates of $0.77 by $0.07. Entegris had a net margin of 9.03% and a return on equity of 12.83%. As a group, sell-side analysts forecast that Entegris, Inc. will post 3.51 EPS for the current year.

Analyst Upgrades and Downgrades

ENTG has been the topic of a number of recent analyst reports. StockNews.com lowered Entegris from a "hold" rating to a "sell" rating in a research note on Friday, April 11th. KeyCorp dropped their target price on shares of Entegris from $141.00 to $130.00 and set an "overweight" rating for the company in a research report on Monday. Needham & Company LLC reissued a "buy" rating and set a $120.00 price objective on shares of Entegris in a research note on Friday, February 7th. Finally, Mizuho reduced their target price on Entegris from $125.00 to $120.00 and set an "outperform" rating on the stock in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $123.50.

Insider Buying and Selling

In other Entegris news, SVP Olivier Blachier sold 984 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $108.00, for a total transaction of $106,272.00. Following the transaction, the senior vice president now owns 10,903 shares of the company's stock, valued at $1,177,524. The trade was a 8.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Clinton M. Haris sold 12,652 shares of the firm's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $106.92, for a total transaction of $1,352,751.84. Following the completion of the transaction, the senior vice president now directly owns 34,820 shares of the company's stock, valued at $3,722,954.40. This represents a 26.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by corporate insiders.

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).