First Eagle Investment Management LLC Has $479,000 Stock Position in Entegris, Inc. (NASDAQ:ENTG)

First Eagle Investment Management LLC lessened its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 26.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,833 shares of the semiconductor company’s stock after selling 1,729 shares during the quarter. First Eagle Investment Management LLC’s holdings in Entegris were worth $479,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Mountaineer Partners Management LLC increased its position in shares of Entegris by 16,255.1% during the third quarter. Mountaineer Partners Management LLC now owns 11,044,594 shares of the semiconductor company’s stock worth $1,242,848,000 after buying an additional 10,977,064 shares during the period. Raymond James Financial Inc. bought a new stake in Entegris during the fourth quarter valued at $91,869,000. Principal Financial Group Inc. grew its holdings in Entegris by 130.8% during the 3rd 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 during the period. Swedbank AB raised its position 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 in the last quarter. Finally, James Hambro & Partners LLP bought a new position in shares of Entegris in the 4th quarter worth about $72,845,000.

Entegris Trading Up 4.2 %

NASDAQ:ENTG opened at $98.37 on Monday. The firm’s 50 day moving average is $102.34 and its 200 day moving average is $105.13. Entegris, Inc. has a 12 month low of $92.84 and a 12 month high of $147.57. The stock has a market capitalization of $14.87 billion, a PE ratio of 50.97, a price-to-earnings-growth ratio of 1.50 and a beta of 1.32. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08.

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

Entegris Dividend Announcement

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

Analysts Set New Price Targets

ENTG has been the subject of several recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $120.00 target price on shares of Entegris in a research note on Friday, February 7th. Mizuho lowered 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. StockNews.com upgraded shares of Entegris from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, KeyCorp reduced their price target on shares of Entegris from $150.00 to $141.00 and set an “overweight” rating for the company in a report on Friday, February 7th. Two analysts have rated the stock with a hold rating and seven have issued 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 $124.88.

Insider Activity at Entegris

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

Entegris 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).