Natixis Advisors L.P. Has $26.72 Million Holdings in Entegris, Inc. (NASDAQ:ENTG)

Natixis Advisors L.P. trimmed its holdings in Entegris, Inc. (NASDAQ:ENTG) by 46.5% in the 4th quarter, Holdings Channel reports. The fund owned 222,969 shares of the semiconductor company’s stock after selling 194,017 shares during the quarter. Natixis Advisors L.P.’s holdings in Entegris were worth $26,716,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of ENTG. Gates Capital Management Inc. boosted its holdings in Entegris by 9,839.3% in the 3rd quarter. Gates Capital Management Inc. now owns 701,613 shares of the semiconductor company’s stock valued at $65,888,000 after purchasing an additional 694,554 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Entegris by 48.1% during the third quarter. Envestnet Asset Management Inc. now owns 988,601 shares of the semiconductor company’s stock valued at $92,840,000 after buying an additional 321,146 shares during the last quarter. Hawk Ridge Capital Management LP acquired a new position in shares of Entegris during the third quarter valued at about $18,275,000. Invesco Ltd. lifted its stake in shares of Entegris by 16.1% in the third quarter. Invesco Ltd. now owns 1,271,148 shares of the semiconductor company’s stock valued at $119,374,000 after buying an additional 176,029 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its position in Entegris by 43.9% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 522,765 shares of the semiconductor company’s stock worth $62,832,000 after buying an additional 159,368 shares in the last quarter.

Entegris Price Performance

NASDAQ:ENTG opened at $131.80 on Friday. The firm has a market cap of $19.87 billion, a PE ratio of 63.37 and a beta of 1.31. The company’s 50-day moving average price is $135.27 and its two-hundred day moving average price is $119.44. The company has a quick ratio of 2.67, a current ratio of 3.35 and a debt-to-equity ratio of 1.22. Entegris, Inc. has a 12 month low of $72.96 and a 12 month high of $146.91.

Entegris (NASDAQ:ENTG) last announced its earnings results on Wednesday, May 1st. The semiconductor company reported $0.68 EPS 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 business had revenue of $771.03 million for the quarter, compared to the consensus estimate of $769.24 million. During the same period in the previous year, the business earned $0.65 EPS. Entegris’s revenue was down 16.4% compared to the same quarter last year. On average, equities analysts anticipate that Entegris, Inc. will post 3.27 EPS for the current fiscal year.

Entegris Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 1st will be paid a $0.10 dividend. The ex-dividend date is 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 presently 19.23%.

Insider Activity at Entegris

In other Entegris news, CAO Michael Sauer sold 1,897 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $132.54, for a total value of $251,428.38. Following the completion of the transaction, the chief accounting officer now directly owns 1,779 shares of the company’s stock, valued at $235,788.66. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, SVP Susan G. Rice sold 17,518 shares of Entegris stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $135.86, for a total value of $2,379,995.48. Following the completion of the sale, the senior vice president now directly owns 42,931 shares in the company, valued at $5,832,605.66. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Michael Sauer sold 1,897 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $132.54, for a total transaction of $251,428.38. Following the transaction, the chief accounting officer now owns 1,779 shares in the company, valued at $235,788.66. The disclosure for this sale can be found here. Insiders sold 41,082 shares of company stock valued at $5,606,849 over the last ninety days. 0.67% of the stock is owned by insiders.

Analysts Set New Price Targets

ENTG has been the subject of a number of research reports. Wolfe Research assumed coverage on Entegris in a research report on Friday, March 1st. They issued an “outperform” rating and a $160.00 price objective for the company. StockNews.com downgraded shares of Entegris from a “hold” rating to a “sell” rating in a research note on Thursday, February 22nd. BMO Capital Markets increased their price objective on shares of Entegris from $130.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, February 16th. The Goldman Sachs Group raised their price objective on shares of Entegris from $104.00 to $147.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Finally, Citigroup upped their target price on shares of Entegris from $117.00 to $134.00 and gave the company a “neutral” rating in a research note on Friday, February 16th. 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 company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $141.91.

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).