Primecap Management Co. CA Sells 5,300 Shares of Entegris, Inc. (NASDAQ:ENTG)

Primecap Management Co. CA lowered its position in Entegris, Inc. (NASDAQ:ENTG) by 0.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,987,244 shares of the semiconductor company’s stock after selling 5,300 shares during the period. Primecap Management Co. CA’s holdings in Entegris were worth $357,932,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. WCM Investment Management LLC boosted its stake in Entegris by 0.4% in the fourth quarter. WCM Investment Management LLC now owns 5,173,163 shares of the semiconductor company’s stock worth $628,177,000 after purchasing an additional 22,249 shares in the last quarter. California Public Employees Retirement System grew its holdings in Entegris by 17.6% during the 4th quarter. California Public Employees Retirement System now owns 257,147 shares of the semiconductor company’s stock worth $30,811,000 after acquiring an additional 38,557 shares during the last quarter. QRG Capital Management Inc. acquired a new stake in Entegris in the 3rd quarter valued at about $663,000. Crestwood Advisors Group LLC bought a new position in shares of Entegris in the third quarter worth about $3,087,000. Finally, Parkside Financial Bank & Trust grew its stake in shares of Entegris by 20.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,357 shares of the semiconductor company’s stock valued at $163,000 after purchasing an additional 229 shares during the last quarter.

Analysts Set New Price Targets

Several research analysts have issued reports on ENTG shares. KeyCorp upped their price objective on Entegris from $136.00 to $164.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. Wolfe Research initiated coverage on Entegris in a report on Friday, March 1st. They issued an “outperform” rating and a $160.00 price target on the stock. Mizuho boosted their price objective on Entegris from $140.00 to $143.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $150.00 target price on shares of Entegris in a research note on Monday, May 13th. Finally, StockNews.com downgraded shares of Entegris from a “hold” rating to a “sell” rating in a research note on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Entegris has an average rating of “Moderate Buy” and an average target price of $148.67.

Insider Transactions at Entegris

In other Entegris news, SVP Olivier Blachier sold 1,986 shares of Entegris stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $133.84, for a total value of $265,806.24. Following the transaction, the senior vice president now owns 12,356 shares of the company’s stock, valued at $1,653,727.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.67% of the stock is currently owned by insiders.

Entegris Trading Up 3.1 %

Entegris stock traded up $3.94 during midday trading on Friday, hitting $132.29. 1,048,748 shares of the stock were exchanged, compared to its average volume of 1,380,446. The stock has a market capitalization of $19.95 billion, a PE ratio of 63.60 and a beta of 1.31. The company has a fifty day simple moving average of $133.31 and a two-hundred day simple moving average of $123.55. The company has a quick ratio of 2.02, a current ratio of 3.35 and a debt-to-equity ratio of 1.22. Entegris, Inc. has a 52 week low of $84.13 and a 52 week high of $146.91.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.07. Entegris had a net margin of 9.31% and a return on equity of 11.94%. The company had revenue of $771.03 million for the quarter, compared to analysts’ expectations of $769.24 million. During the same period last year, the firm posted $0.65 earnings per share. The business’s quarterly revenue was down 16.4% compared to the same quarter last year. Equities research analysts anticipate that Entegris, Inc. will post 3.25 EPS for the current fiscal year.

Entegris Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 1st were issued a $0.10 dividend. The ex-dividend date was Tuesday, April 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.30%. Entegris’s dividend payout ratio (DPR) is currently 19.23%.

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).