Natixis Advisors L.P. Cuts Stock Position in Entegris, Inc. (NASDAQ:ENTG)

Natixis Advisors L.P. trimmed its position in Entegris, Inc. (NASDAQ:ENTG) by 46.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 222,969 shares of the semiconductor company’s stock after selling 194,017 shares during the period. Natixis Advisors L.P. owned approximately 0.15% of Entegris worth $26,716,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Gates Capital Management Inc. lifted its holdings in shares of Entegris by 9,839.3% in the 3rd quarter. Gates Capital Management Inc. now owns 701,613 shares of the semiconductor company’s stock valued at $65,888,000 after buying an additional 694,554 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of Entegris by 48.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 988,601 shares of the semiconductor company’s stock valued at $92,840,000 after purchasing an additional 321,146 shares in the last quarter. Hawk Ridge Capital Management LP acquired a new stake in shares of Entegris in the third quarter valued at about $18,275,000. Invesco Ltd. boosted its holdings in Entegris by 16.1% during the third quarter. Invesco Ltd. now owns 1,271,148 shares of the semiconductor company’s stock worth $119,374,000 after buying an additional 176,029 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its holdings in Entegris by 43.9% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 522,765 shares of the semiconductor company’s stock worth $62,832,000 after buying an additional 159,368 shares in the last quarter.

Insider Buying and Selling

In related news, insider Daniel D. Woodland sold 9,000 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $139.50, for a total value of $1,255,500.00. Following the sale, the insider now directly owns 32,730 shares of the company’s stock, valued at $4,565,835. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CAO Michael Sauer sold 1,897 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $132.54, for a total value of $251,428.38. Following the transaction, the chief accounting officer now directly owns 1,779 shares in the company, valued at approximately $235,788.66. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Daniel D. Woodland sold 9,000 shares of Entegris stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $139.50, for a total value of $1,255,500.00. Following the completion of the transaction, the insider now directly owns 32,730 shares in the company, valued at $4,565,835. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 41,082 shares of company stock worth $5,606,849. 0.67% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group lifted their price target on shares of Entegris from $104.00 to $147.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. Craig Hallum raised Entegris from a “hold” rating to a “buy” rating and set a $150.00 price objective for the company in a report on Thursday, February 15th. UBS Group upped their target price on Entegris from $90.00 to $130.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. Needham & Company LLC restated a “buy” rating and issued a $150.00 price target on shares of Entegris in a research report on Wednesday. Finally, KeyCorp boosted their price objective on shares of Entegris from $136.00 to $164.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $141.91.

Entegris Trading Up 4.1 %

Shares of ENTG stock opened at $131.80 on Friday. The company has a market capitalization of $19.87 billion, a price-to-earnings ratio of 63.37 and a beta of 1.31. The company has a current ratio of 3.35, a quick ratio of 2.67 and a debt-to-equity ratio of 1.22. The firm has a 50-day moving average price of $135.27 and a 200 day moving average price of $119.44. Entegris, Inc. has a twelve month low of $72.96 and a twelve month high of $146.91.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.07. The business had revenue of $771.03 million for the quarter, compared to the consensus estimate of $769.24 million. Entegris had a net margin of 9.31% and a return on equity of 11.94%. The company’s quarterly revenue was down 16.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.65 earnings per share. Research analysts forecast that Entegris, Inc. will post 3.27 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, May 22nd. Investors of record on Wednesday, May 1st will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $0.40 annualized dividend and a yield of 0.30%. Entegris’s payout ratio is currently 19.23%.

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).