Thornburg Investment Management Inc. Cuts Stock Holdings in Entegris, Inc. (NASDAQ:ENTG)

Thornburg Investment Management Inc. trimmed its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 1.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 83,168 shares of the semiconductor company’s stock after selling 1,371 shares during the quarter. Thornburg Investment Management Inc. owned 0.06% of Entegris worth $11,279,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. QRG Capital Management Inc. boosted its holdings in shares of Entegris by 5.8% in the 4th quarter. QRG Capital Management Inc. now owns 7,467 shares of the semiconductor company’s stock worth $895,000 after buying an additional 408 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Entegris by 28.5% in the fourth quarter. Principal Financial Group Inc. now owns 601,268 shares of the semiconductor company’s stock worth $72,044,000 after buying an additional 133,350 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Entegris by 0.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 315,525 shares of the semiconductor company’s stock worth $37,806,000 after buying an additional 1,958 shares in the last quarter. Moran Wealth Management LLC purchased a new stake in Entegris in the fourth quarter worth approximately $244,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Entegris by 9.8% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 80,351 shares of the semiconductor company’s stock worth $8,851,000 after buying an additional 7,186 shares in the last quarter.

Analyst Ratings Changes

Several analysts have issued reports on ENTG shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $150.00 target price on shares of Entegris in a research note on Thursday, August 1st. Mizuho raised Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 price objective for the company in a research note on Thursday, August 1st. BMO Capital Markets dropped their price objective on Entegris from $160.00 to $145.00 and set an “outperform” rating for the company in a research note on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Entegris from $160.00 to $145.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $146.80.

Entegris Price Performance

ENTG opened at $110.67 on Thursday. The stock has a fifty day simple moving average of $119.34 and a two-hundred day simple moving average of $128.82. The company has a current ratio of 3.58, a quick ratio of 2.14 and a debt-to-equity ratio of 1.18. The company has a market cap of $16.71 billion, a price-to-earnings ratio of 53.21, a price-to-earnings-growth ratio of 1.44 and a beta of 1.24. Entegris, Inc. has a 12-month low of $84.13 and a 12-month high of $147.57.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.01. The business had revenue of $812.60 million during the quarter, compared to the consensus estimate of $802.43 million. Entegris had a return on equity of 12.03% and a net margin of 5.61%. The firm’s quarterly revenue was down 9.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.66 earnings per share. Research analysts predict that Entegris, Inc. will post 3.14 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, July 31st were issued a dividend of $0.10 per share. The ex-dividend date was Wednesday, July 31st. This represents a $0.40 annualized dividend and a dividend yield of 0.36%. Entegris’s payout ratio is presently 19.23%.

Insider Activity

In related news, insider Daniel D. Woodland sold 15,000 shares of the stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $140.00, for a total transaction of $2,100,000.00. Following the sale, the insider now directly owns 37,457 shares of the company’s stock, valued at $5,243,980. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Entegris news, CEO Bertrand Loy sold 27,044 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $140.63, for a total value of $3,803,197.72. Following the transaction, the chief executive officer now directly owns 263,068 shares of the company’s stock, valued at $36,995,252.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Daniel D. Woodland sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $140.00, for a total value of $2,100,000.00. Following the completion of the transaction, the insider now directly owns 37,457 shares in the company, valued at $5,243,980. The disclosure for this sale can be found here. Insiders sold 57,044 shares of company stock worth $8,078,198 over the last three months. 0.67% of the stock is currently owned by corporate insiders.

Entegris Company 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).