The Manufacturers Life Insurance Company Sells 121,920 Shares of Entegris, Inc. $ENTG

The Manufacturers Life Insurance Company trimmed its position in Entegris, Inc. (NASDAQ:ENTG) by 23.0% in the first quarter, Holdings Channel.com reports. The institutional investor owned 408,755 shares of the semiconductor company’s stock after selling 121,920 shares during the period. The Manufacturers Life Insurance Company’s holdings in Entegris were worth $47,922,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in Entegris by 0.3% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 31,400 shares of the semiconductor company’s stock worth $2,645,000 after acquiring an additional 100 shares during the period. Lido Advisors LLC grew its position in shares of Entegris by 1.5% in the first quarter. Lido Advisors LLC now owns 8,542 shares of the semiconductor company’s stock valued at $1,002,000 after purchasing an additional 125 shares during the last quarter. Northwestern Mutual Investment Management Company LLC increased its stake in shares of Entegris by 0.4% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 33,918 shares of the semiconductor company’s stock worth $2,858,000 after purchasing an additional 127 shares during the period. Resona Asset Management Co. Ltd. increased its stake in shares of Entegris by 0.3% in the first quarter. Resona Asset Management Co. Ltd. now owns 44,907 shares of the semiconductor company’s stock worth $5,199,000 after purchasing an additional 128 shares during the period. Finally, TD Private Client Wealth LLC lifted its position in shares of Entegris by 13.3% during the 4th quarter. TD Private Client Wealth LLC now owns 1,152 shares of the semiconductor company’s stock worth $97,000 after purchasing an additional 135 shares during the last quarter.

Entegris Stock Up 9.4%

ENTG stock opened at $117.11 on Friday. Entegris, Inc. has a twelve month low of $67.97 and a twelve month high of $186.94. The company has a quick ratio of 2.05, a current ratio of 3.21 and a debt-to-equity ratio of 0.91. The company has a market cap of $17.86 billion, a PE ratio of 67.69, a price-to-earnings-growth ratio of 1.25 and a beta of 1.31. The business’s 50-day simple moving average is $144.97 and its 200 day simple moving average is $133.58.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.75 by $0.11. Entegris had a return on equity of 11.45% and a net margin of 8.18%.The firm had revenue of $811.90 million during the quarter, compared to analysts’ expectations of $808.72 million. During the same quarter in the prior year, the firm posted $0.67 EPS. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, research analysts anticipate that Entegris, Inc. will post 3.65 earnings per share for the current year.

Entegris Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 19th. Stockholders of record on Wednesday, July 29th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, July 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. Entegris’s payout ratio is currently 23.12%.

Insiders Place Their Bets

In related news, SVP Joseph Colella sold 6,326 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $140.17, for a total value of $886,715.42. Following the completion of the transaction, the senior vice president directly owned 50,121 shares in the company, valued at approximately $7,025,460.57. This represents a 11.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Clinton M. Haris sold 6,848 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $149.23, for a total value of $1,021,927.04. Following the completion of the transaction, the senior vice president directly owned 54,961 shares of the company’s stock, valued at approximately $8,201,830.03. This trade represents a 11.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 44,466 shares of company stock valued at $6,186,624 in the last ninety days. 0.53% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ENTG. Needham & Company LLC raised their target price on Entegris from $150.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Oppenheimer reissued an “outperform” rating and issued a $160.00 price objective on shares of Entegris in a research report on Friday, May 1st. Weiss Ratings upgraded shares of Entegris from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Entegris from $145.00 to $155.00 and gave the stock a “hold” rating in a research report on Monday, July 6th. Finally, BMO Capital Markets upped their target price on shares of Entegris from $153.00 to $167.00 and gave the company an “outperform” rating in a research note on Monday, July 6th. Seven investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $164.22.

Entegris Company Profile

Entegris, Inc is a leading provider of advanced materials and process control solutions for the semiconductor and other high-technology industries. The company develops and supplies a broad portfolio of products designed to ensure purity and reliability throughout the manufacturing process, helping customers address critical contamination and yield challenges.

Entegris’s product offerings include high-purity chemicals and specialty materials, liquid and gas filtration and purification systems, and sophisticated wafer and chip handling solutions.