B. Metzler seel. Sohn & Co. AG Lowers Stake in Entegris, Inc. (NASDAQ:ENTG)

B. Metzler seel. Sohn & Co. AG decreased its position in Entegris, Inc. (NASDAQ:ENTG) by 22.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 161,107 shares of the semiconductor company’s stock after selling 45,750 shares during the quarter. B. Metzler seel. Sohn & Co. AG owned 0.11% of Entegris worth $15,980,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Synovus Financial Corp raised its holdings in shares of Entegris by 102.3% in the 3rd quarter. Synovus Financial Corp now owns 38,253 shares of the semiconductor company’s stock valued at $4,305,000 after buying an additional 19,340 shares during the period. Swedbank AB increased its stake in Entegris by 47.7% during the fourth quarter. Swedbank AB now owns 1,550,942 shares of the semiconductor company’s stock worth $153,636,000 after purchasing an additional 500,581 shares during the period. Argent Capital Management LLC lifted its position in shares of Entegris by 9.9% during the fourth quarter. Argent Capital Management LLC now owns 31,066 shares of the semiconductor company’s stock worth $3,077,000 after purchasing an additional 2,793 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Entegris by 14.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,060,378 shares of the semiconductor company’s stock valued at $105,041,000 after purchasing an additional 137,046 shares during the period. Finally, Callan Family Office LLC acquired a new position in shares of Entegris in the fourth quarter valued at approximately $308,000.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Mizuho decreased their price target on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. KeyCorp reduced their price objective on Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a research note on Friday, February 7th. Needham & Company LLC reissued a “buy” rating and set a $120.00 target price on shares of Entegris in a research note on Friday, February 7th. Finally, StockNews.com lowered Entegris from a “hold” rating to a “sell” rating in a research report on Monday, March 24th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Entegris presently has an average rating of “Moderate Buy” and a consensus target price of $124.88.

Insider Activity at Entegris

In other news, SVP Clinton M. Haris sold 12,652 shares of the business’s stock in a transaction that occurred 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 transaction, the senior vice president now owns 34,820 shares of the company’s stock, valued at approximately $3,722,954.40. The trade was a 26.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Olivier Blachier sold 984 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $108.00, for a total value of $106,272.00. Following the sale, the senior vice president now directly owns 10,903 shares of the company’s stock, valued at approximately $1,177,524. This represents a 8.28 % 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 insiders.

Entegris Trading Down 4.1 %

NASDAQ:ENTG opened at $88.74 on Monday. The company has a market capitalization of $13.43 billion, a PE ratio of 45.98, a P/E/G ratio of 1.50 and a beta of 1.32. Entegris, Inc. has a 52-week low of $87.01 and a 52-week high of $147.57. The stock’s 50 day moving average price is $101.34 and its 200 day moving average price is $104.15. The company has a quick ratio of 1.86, a current ratio of 3.08 and a debt-to-equity ratio of 1.08.

Entegris (NASDAQ:ENTG) last announced its earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, topping 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, research analysts anticipate that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date was Wednesday, January 29th. Entegris’s dividend payout ratio is currently 20.73%.

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).