Entegris, Inc. (NASDAQ:ENTG) Shares Sold by Simon Quick Advisors LLC

Simon Quick Advisors LLC reduced its position in Entegris, Inc. (NASDAQ:ENTG) by 3.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,745 shares of the semiconductor company’s stock after selling 192 shares during the period. Simon Quick Advisors LLC’s holdings in Entegris were worth $470,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP purchased a new position in shares of Entegris in the 2nd quarter worth about $27,000. Capital Performance Advisors LLP purchased a new position in Entegris in the third quarter valued at approximately $29,000. Blue Trust Inc. lifted its position in Entegris by 221.3% during the third quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 239 shares in the last quarter. Fortitude Family Office LLC grew its stake in Entegris by 195.7% during the fourth quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock worth $41,000 after buying an additional 274 shares during the period. Finally, Covestor Ltd increased its position in shares of Entegris by 241.8% in the third quarter. Covestor Ltd now owns 417 shares of the semiconductor company’s stock worth $47,000 after acquiring an additional 295 shares in the last quarter.

Entegris Stock Performance

Shares of Entegris stock opened at $107.19 on Thursday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.83 and a current ratio of 2.92. Entegris, Inc. has a 1 year low of $94.92 and a 1 year high of $147.57. The firm’s 50-day simple moving average is $103.58 and its 200-day simple moving average is $110.00. The firm has a market cap of $16.19 billion, a PE ratio of 70.99, a price-to-earnings-growth ratio of 1.43 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last released its earnings results on Monday, November 4th. The semiconductor company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). Entegris had a return on equity of 12.24% and a net margin of 7.13%. The firm had revenue of $807.70 million for the quarter, compared to the consensus estimate of $832.44 million. During the same period in the prior year, the business earned $0.68 EPS. The company’s quarterly revenue was down 9.1% on a year-over-year basis. Equities analysts forecast that Entegris, Inc. will post 2.95 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.37%. The ex-dividend date of this dividend is Wednesday, January 29th. Entegris’s dividend payout ratio is currently 26.49%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ENTG shares. Mizuho decreased their price target on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. UBS Group lowered their target price on Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Citigroup reduced their price target on Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. KeyCorp lowered their price objective on shares of Entegris from $154.00 to $150.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. Finally, BMO Capital Markets reduced their target price on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $134.50.

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).