Victory Capital Management Inc. Reduces Stock Holdings in Entegris, Inc. (NASDAQ:ENTG)

Victory Capital Management Inc. lowered its position in Entegris, Inc. (NASDAQ:ENTG) by 19.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 61,972 shares of the semiconductor company’s stock after selling 14,653 shares during the quarter. Victory Capital Management Inc.’s holdings in Entegris were worth $6,139,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Synovus Financial Corp boosted its stake in shares of Entegris by 102.3% in the third quarter. Synovus Financial Corp now owns 38,253 shares of the semiconductor company’s stock valued at $4,305,000 after purchasing an additional 19,340 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Entegris by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,065,812 shares of the semiconductor company’s stock valued at $119,936,000 after purchasing an additional 14,650 shares during the period. Swedbank AB boosted its stake in shares of Entegris by 47.7% in the fourth quarter. Swedbank AB now owns 1,550,942 shares of the semiconductor company’s stock valued at $153,636,000 after purchasing an additional 500,581 shares during the period. Argent Capital Management LLC boosted its stake in shares of Entegris by 9.9% in the fourth quarter. Argent Capital Management LLC now owns 31,066 shares of the semiconductor company’s stock valued at $3,077,000 after purchasing an additional 2,793 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Entegris in the third quarter valued at approximately $1,158,000.

Insider Transactions at Entegris

In related news, SVP Clinton M. Haris sold 12,652 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $106.92, for a total value of $1,352,751.84. Following the completion of the sale, the senior vice president now owns 34,820 shares in the company, valued at $3,722,954.40. This represents a 26.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Olivier Blachier sold 984 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $108.00, for a total transaction of $106,272.00. Following the completion of the sale, the senior vice president now owns 10,903 shares of the company’s stock, valued at approximately $1,177,524. This trade represents a 8.28 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. KeyCorp lowered their price objective on shares of Entegris from $150.00 to $141.00 and set an “overweight” rating for the company in a research note on Friday, February 7th. StockNews.com raised shares of Entegris from a “sell” rating to a “hold” rating in a research note on Thursday. Needham & Company LLC reissued a “buy” rating and issued a $120.00 price objective on shares of Entegris in a research note on Friday, February 7th. Finally, Mizuho reduced their target price on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.88.

Entegris Stock Up 4.2 %

Shares of NASDAQ:ENTG opened at $98.37 on Friday. The firm’s 50 day moving average price is $102.34 and its 200 day moving average price is $105.25. The stock has a market cap of $14.87 billion, a price-to-earnings ratio of 50.97, a price-to-earnings-growth ratio of 1.50 and a beta of 1.32. Entegris, Inc. has a fifty-two week low of $92.84 and a fifty-two week high of $147.57. The company has a quick ratio of 1.86, a current ratio of 3.08 and a debt-to-equity ratio of 1.08.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.07. Entegris had a net margin of 9.03% and a return on equity of 12.83%. As a group, equities research analysts predict that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, January 29th. This represents a $0.40 annualized dividend and a dividend yield of 0.41%. Entegris’s dividend payout ratio is presently 20.73%.

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).