Entegris, Inc. (NASDAQ:ENTG) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. decreased its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 0.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,072,041 shares of the semiconductor company’s stock after selling 6,833 shares during the quarter. Franklin Resources Inc.’s holdings in Entegris were worth $128,452,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in ENTG. Teacher Retirement System of Texas increased its position in Entegris by 2.5% during the third quarter. Teacher Retirement System of Texas now owns 11,596 shares of the semiconductor company’s stock worth $1,089,000 after buying an additional 281 shares during the period. Daiwa Securities Group Inc. grew its stake in shares of Entegris by 34.0% in the 3rd quarter. Daiwa Securities Group Inc. now owns 11,917 shares of the semiconductor company’s stock valued at $1,119,000 after purchasing an additional 3,024 shares during the last quarter. Private Advisor Group LLC boosted its stake in shares of Entegris by 5.0% in the third quarter. Private Advisor Group LLC now owns 9,872 shares of the semiconductor company’s stock valued at $927,000 after buying an additional 466 shares in the last quarter. US Bancorp DE boosted its stake in shares of Entegris by 1.9% in the third quarter. US Bancorp DE now owns 92,167 shares of the semiconductor company’s stock valued at $8,656,000 after buying an additional 1,732 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in shares of Entegris by 32.6% in the third quarter. Signaturefd LLC now owns 1,501 shares of the semiconductor company’s stock valued at $141,000 after buying an additional 369 shares in the last quarter.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. KeyCorp lifted their price target on Entegris from $136.00 to $164.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. Wolfe Research initiated coverage on Entegris in a research report on Friday, March 1st. They set an “outperform” rating and a $160.00 target price on the stock. The Goldman Sachs Group boosted their target price on Entegris from $104.00 to $147.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Craig Hallum upgraded Entegris from a “hold” rating to a “buy” rating and set a $150.00 target price on the stock in a research report on Thursday, February 15th. Finally, UBS Group boosted their target price on Entegris from $90.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $148.67.

Entegris Stock Up 2.2 %

Shares of NASDAQ:ENTG opened at $133.92 on Thursday. The stock’s fifty day simple moving average is $133.57 and its 200-day simple moving average is $123.23. Entegris, Inc. has a 52-week low of $84.13 and a 52-week high of $146.91. The company has a market capitalization of $20.19 billion, a P/E ratio of 64.18 and a beta of 1.31. 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 (NASDAQ:ENTG) last released its earnings results on Wednesday, May 1st. The semiconductor company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.07. Entegris had a return on equity of 11.94% and a net margin of 9.31%. The firm had revenue of $771.03 million for the quarter, compared to the consensus estimate of $769.24 million. During the same period in the prior year, the business posted $0.65 earnings per share. The firm’s revenue for the quarter was down 16.4% compared to the same quarter last year. As a group, equities research analysts forecast that Entegris, Inc. will post 3.25 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.30%. Entegris’s dividend payout ratio (DPR) is 19.23%.

Insider Transactions at Entegris

In other news, SVP Olivier Blachier sold 1,986 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $133.84, for a total value of $265,806.24. Following the transaction, the senior vice president now directly owns 12,356 shares in the company, valued at approximately $1,653,727.04. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.67% of the company’s stock.

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).