Entegris, Inc. (NASDAQ:ENTG) Shares Sold by Jennison Associates LLC

Jennison Associates LLC reduced its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 17.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 361,389 shares of the semiconductor company’s stock after selling 77,731 shares during the quarter. Jennison Associates LLC’s holdings in Entegris were worth $35,799,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its stake in shares of Entegris by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,065,812 shares of the semiconductor company’s stock worth $119,936,000 after purchasing an additional 14,650 shares during the last quarter. Synovus Financial Corp boosted its holdings in Entegris by 102.3% during the third quarter. Synovus Financial Corp now owns 38,253 shares of the semiconductor company’s stock worth $4,305,000 after buying an additional 19,340 shares in the last quarter. Argent Capital Management LLC grew its position in Entegris by 9.9% in the fourth quarter. Argent Capital Management LLC now owns 31,066 shares of the semiconductor company’s stock worth $3,077,000 after buying an additional 2,793 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Entegris in the third quarter valued at $1,158,000. Finally, Swedbank AB lifted its position in shares of Entegris by 47.7% during the 4th quarter. Swedbank AB now owns 1,550,942 shares of the semiconductor company’s stock valued at $153,636,000 after acquiring an additional 500,581 shares during the last quarter.

Entegris Stock Performance

Shares of ENTG opened at $101.19 on Wednesday. The company has a market capitalization of $15.28 billion, a PE ratio of 67.01, a PEG ratio of 1.38 and a beta of 1.24. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.83 and a current ratio of 2.92. The company’s 50 day moving average price is $103.26 and its 200 day moving average price is $107.35. Entegris, Inc. has a 52 week low of $94.92 and a 52 week high of $147.57.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.01). Entegris had a net margin of 7.13% and a return on equity of 12.24%. The company had revenue of $807.70 million for the quarter, compared to analysts’ expectations of $832.44 million. During the same quarter in the prior year, the firm earned $0.68 earnings per share. The company’s revenue was down 9.1% on a year-over-year basis. Research analysts expect that Entegris, Inc. will post 2.94 EPS for the current fiscal year.

Entegris Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $0.40 dividend on an annualized basis and a yield of 0.40%. Entegris’s dividend payout ratio (DPR) is currently 26.49%.

Wall Street Analysts Forecast Growth

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