WCM Investment Management LLC Sells 271,726 Shares of Entegris, Inc. (NASDAQ:ENTG)

WCM Investment Management LLC trimmed its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 5.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,784,238 shares of the semiconductor company’s stock after selling 271,726 shares during the quarter. WCM Investment Management LLC owned approximately 3.17% of Entegris worth $476,223,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Capital Performance Advisors LLP bought a new stake in Entegris during the 3rd quarter valued at approximately $29,000. Blue Trust Inc. lifted its holdings in shares of Entegris by 221.3% during the third quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 239 shares during the last quarter. Fortitude Family Office LLC lifted its holdings in shares of Entegris by 195.7% during the fourth quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 274 shares during the last quarter. Covestor Ltd lifted its holdings in shares of Entegris by 241.8% during the third quarter. Covestor Ltd now owns 417 shares of the semiconductor company’s stock valued at $47,000 after purchasing an additional 295 shares during the last quarter. Finally, Huntington National Bank lifted its holdings in shares of Entegris by 41.0% during the third quarter. Huntington National Bank now owns 454 shares of the semiconductor company’s stock valued at $51,000 after purchasing an additional 132 shares during the last quarter.

Entegris Price Performance

Shares of ENTG opened at $106.52 on Friday. The firm has a market cap of $16.08 billion, a PE ratio of 55.19, a P/E/G ratio of 1.49 and a beta of 1.24. The company has a current ratio of 2.92, a quick ratio of 1.83 and a debt-to-equity ratio of 1.14. The firm has a fifty day simple moving average of $103.35 and a two-hundred day simple moving average of $106.98. Entegris, Inc. has a 1-year low of $94.92 and a 1-year high of $147.57.

Entegris (NASDAQ:ENTG) last announced its earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share 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 13.00%. On average, equities analysts anticipate that Entegris, Inc. will post 3.63 EPS for the current year.

Entegris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date is Wednesday, January 29th. Entegris’s payout ratio is 20.73%.

Wall Street Analysts Forecast Growth

ENTG has been the subject of several recent research reports. BMO Capital Markets lowered their target price on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. KeyCorp lowered their target price on shares of Entegris from $150.00 to $141.00 and set an “overweight” rating for the company in a report on Friday. UBS Group lowered their target price on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft decreased their price objective 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. Finally, Citigroup decreased their price objective on shares of Entegris from $130.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Entegris presently has a consensus rating of “Moderate Buy” and an average target price of $130.60.

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).