QRG Capital Management Inc. Cuts Position in Entegris, Inc. (NASDAQ:ENTG)

QRG Capital Management Inc. decreased its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 1.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,368 shares of the semiconductor company’s stock after selling 115 shares during the period. QRG Capital Management Inc.’s holdings in Entegris were worth $829,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in ENTG. Mountaineer Partners Management LLC raised its holdings in shares of Entegris by 16,255.1% during the 3rd quarter. Mountaineer Partners Management LLC now owns 11,044,594 shares of the semiconductor company’s stock valued at $1,242,848,000 after buying an additional 10,977,064 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Entegris by 130.8% during the third quarter. Principal Financial Group Inc. now owns 1,379,963 shares of the semiconductor company’s stock worth $155,287,000 after acquiring an additional 781,955 shares in the last quarter. Swedbank AB lifted its holdings in shares of Entegris by 249.7% in the 3rd quarter. Swedbank AB now owns 1,050,361 shares of the semiconductor company’s stock worth $118,197,000 after acquiring an additional 750,000 shares during the last quarter. James Hambro & Partners LLP purchased a new stake in shares of Entegris in the 4th quarter valued at $72,845,000. Finally, D1 Capital Partners L.P. bought a new position in shares of Entegris during the 3rd quarter valued at $72,143,000.

Entegris Price Performance

ENTG opened at $96.62 on Tuesday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.86 and a current ratio of 3.08. The stock has a market capitalization of $14.60 billion, a PE ratio of 50.06, a price-to-earnings-growth ratio of 1.50 and a beta of 1.24. The stock’s 50 day moving average price is $102.78 and its 200-day moving average price is $106.12. Entegris, Inc. has a 52-week low of $94.92 and a 52-week high of $147.57.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.07. Entegris had a net margin of 9.03% and a return on equity of 12.83%. On average, equities research analysts predict that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date was Wednesday, January 29th. Entegris’s payout ratio is currently 20.73%.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. UBS Group lowered their price target on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Craig Hallum lowered their target price on Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. KeyCorp reduced their price target on Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th. Needham & Company LLC reissued a “buy” rating and set a $120.00 price objective on shares of Entegris in a research note on Friday, February 7th. Finally, StockNews.com downgraded shares of Entegris from a “hold” rating to a “sell” rating in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Entegris currently has a consensus rating of “Moderate Buy” and an average target price of $124.88.

Insiders Place Their Bets

In related news, SVP Clinton M. Haris sold 12,652 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $106.92, for a total value of $1,352,751.84. Following the sale, the senior vice president now directly owns 34,820 shares of the company’s stock, valued at $3,722,954.40. This represents a 26.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Olivier Blachier sold 984 shares of the firm’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $108.00, for a total value of $106,272.00. Following the transaction, the senior vice president now directly owns 10,903 shares of the company’s stock, valued at $1,177,524. This represents a 8.28 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by company insiders.

About Entegris

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).