Entegris, Inc. (NASDAQ:ENTG) Shares Sold by Handelsinvest Investeringsforvaltning

Handelsinvest Investeringsforvaltning trimmed its holdings in Entegris, Inc. (NASDAQ:ENTG) by 34.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,414 shares of the semiconductor company’s stock after selling 1,772 shares during the period. Handelsinvest Investeringsforvaltning’s holdings in Entegris were worth $480,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. WCM Investment Management LLC boosted its stake in Entegris by 0.4% during the fourth quarter. WCM Investment Management LLC now owns 5,173,163 shares of the semiconductor company’s stock worth $628,177,000 after buying an additional 22,249 shares during the period. California Public Employees Retirement System boosted its stake in Entegris by 17.6% during the fourth quarter. California Public Employees Retirement System now owns 257,147 shares of the semiconductor company’s stock worth $30,811,000 after buying an additional 38,557 shares during the period. Virtu Financial LLC purchased a new position in Entegris during the fourth quarter worth about $892,000. Stifel Financial Corp boosted its stake in Entegris by 6.5% during the fourth quarter. Stifel Financial Corp now owns 122,392 shares of the semiconductor company’s stock worth $14,665,000 after buying an additional 7,456 shares during the period. Finally, Schroder Investment Management Group boosted its stake in Entegris by 14.8% during the fourth quarter. Schroder Investment Management Group now owns 487,517 shares of the semiconductor company’s stock worth $58,414,000 after buying an additional 62,761 shares during the period.

Insider Transactions at Entegris

In other news, SVP Clinton M. Haris sold 5,005 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $124.74, for a total transaction of $624,323.70. Following the transaction, the senior vice president now directly owns 34,600 shares in the company, valued at $4,316,004. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, SVP Olivier Blachier sold 1,986 shares of Entegris stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $133.84, for a total value of $265,806.24. Following the transaction, the senior vice president now directly owns 12,356 shares in the company, valued at approximately $1,653,727.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Clinton M. Haris sold 5,005 shares of Entegris stock in a transaction on Friday, May 31st. The shares were sold at an average price of $124.74, for a total transaction of $624,323.70. Following the completion of the transaction, the senior vice president now owns 34,600 shares in the company, valued at $4,316,004. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,752 shares of company stock worth $1,792,723. Insiders own 0.67% of the company’s stock.

Entegris Stock Up 1.7 %

ENTG stock traded up $2.29 during midday trading on Wednesday, reaching $138.90. 106,836 shares of the company were exchanged, compared to its average volume of 1,383,516. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.02 and a current ratio of 3.35. Entegris, Inc. has a 1-year low of $84.13 and a 1-year high of $146.91. The stock’s 50-day simple moving average is $131.80 and its 200 day simple moving average is $129.29. The company has a market cap of $20.94 billion, a price-to-earnings ratio of 65.68, a price-to-earnings-growth ratio of 1.54 and a beta of 1.25.

Entegris (NASDAQ:ENTG) last released its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.07. Entegris had a net margin of 9.31% and a return on equity of 11.94%. The company had revenue of $771.03 million for the quarter, compared to analysts’ expectations of $769.24 million. During the same quarter last year, the company earned $0.65 earnings per share. The firm’s revenue for the quarter was down 16.4% on a year-over-year basis. On average, equities analysts forecast that Entegris, Inc. will post 3.25 earnings per share for the current year.

Entegris Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 1st were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, April 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.29%. Entegris’s dividend payout ratio (DPR) is presently 19.23%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Mizuho raised their price objective on shares of Entegris from $140.00 to $143.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $160.00 price objective on shares of Entegris in a research note on Wednesday, June 26th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $150.00 target price on shares of Entegris in a report on Monday, May 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Entegris has a consensus rating of “Moderate Buy” and a consensus price target of $149.80.

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).