Entegris, Inc. (NASDAQ:ENTG) Shares Sold by Modus Advisors LLC

Modus Advisors LLC decreased its stake in Entegris, Inc. (NASDAQ:ENTG) by 3.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,800 shares of the semiconductor company’s stock after selling 111 shares during the period. Modus Advisors LLC’s holdings in Entegris were worth $277,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in ENTG. Mountaineer Partners Management LLC grew its holdings in shares of Entegris by 16,255.1% in the 3rd quarter. Mountaineer Partners Management LLC now owns 11,044,594 shares of the semiconductor company’s stock worth $1,242,848,000 after acquiring an additional 10,977,064 shares during the last quarter. Geode Capital Management LLC increased its stake in Entegris by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,537,948 shares of the semiconductor company’s stock worth $284,941,000 after purchasing an additional 49,846 shares in the last quarter. Earnest Partners LLC raised its holdings in Entegris by 0.6% during the 2nd quarter. Earnest Partners LLC now owns 1,858,757 shares of the semiconductor company’s stock worth $251,676,000 after buying an additional 11,692 shares during the period. American Century Companies Inc. lifted its stake in Entegris by 20.2% during the second quarter. American Century Companies Inc. now owns 1,523,824 shares of the semiconductor company’s stock valued at $206,326,000 after buying an additional 256,186 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of Entegris by 0.9% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,503,656 shares of the semiconductor company’s stock worth $169,206,000 after buying an additional 12,913 shares during the period.

Entegris Price Performance

Shares of ENTG stock traded up $0.60 during trading hours on Friday, reaching $97.83. 106,608 shares of the company were exchanged, compared to its average volume of 1,012,648. Entegris, Inc. has a fifty-two week low of $94.92 and a fifty-two week high of $147.57. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.92 and a quick ratio of 1.83. The stock’s fifty day moving average is $104.44 and its two-hundred day moving average is $113.43. The company has a market cap of $14.77 billion, a price-to-earnings ratio of 64.79, a P/E/G ratio of 1.80 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.01). The firm had revenue of $807.70 million for the quarter, compared to analyst estimates of $832.44 million. Entegris had a return on equity of 12.24% and a net margin of 7.13%. The firm’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.68 EPS. Sell-side analysts forecast that Entegris, Inc. will post 2.99 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, October 30th were given a $0.10 dividend. The ex-dividend date was Wednesday, October 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.41%. Entegris’s payout ratio is 26.49%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ENTG shares. Craig Hallum reduced their price target on shares of Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. KeyCorp decreased their target price on Entegris from $164.00 to $154.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft dropped their price target on Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Citigroup dropped their target price on Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Finally, BMO Capital Markets reduced their price objective on Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $135.40.

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).