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

Jennison Associates LLC lessened its stake in Entegris, Inc. (NASDAQ:ENTG) by 17.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 361,389 shares of the semiconductor company’s stock after selling 77,731 shares during the quarter. Jennison Associates LLC owned approximately 0.24% of Entegris worth $35,799,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. AQR Capital Management LLC lifted its holdings in Entegris by 19.3% during the 2nd quarter. AQR Capital Management LLC now owns 2,999 shares of the semiconductor company’s stock worth $406,000 after buying an additional 486 shares during the last quarter. Quarry LP bought a new position in Entegris during the second quarter worth $27,000. Cetera Investment Advisers boosted its holdings in Entegris by 2.2% in the second quarter. Cetera Investment Advisers now owns 20,842 shares of the semiconductor company’s stock worth $2,822,000 after purchasing an additional 455 shares during the period. Sanctuary Advisors LLC bought a new stake in Entegris during the second quarter valued at $1,416,000. Finally, Handelsbanken Fonder AB increased its stake in Entegris by 21.9% during the third quarter. Handelsbanken Fonder AB now owns 41,226 shares of the semiconductor company’s stock valued at $4,639,000 after purchasing an additional 7,400 shares during the last quarter.

Entegris Stock Up 1.7 %

Shares of Entegris stock opened at $101.19 on Wednesday. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.92 and a quick ratio of 1.83. Entegris, Inc. has a 1-year low of $94.92 and a 1-year high of $147.57. The business’s fifty day moving average price is $103.26 and its two-hundred day moving average price is $107.35. The company has a market capitalization of $15.28 billion, a P/E ratio of 67.01, a PEG ratio of 1.38 and a beta of 1.24.

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

Entegris Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on ENTG. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Citigroup decreased their target price on Entegris from $130.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Mizuho dropped their price target on Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Craig Hallum cut their price target on Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, BMO Capital Markets lowered their price objective on Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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).