Rafferty Asset Management LLC Has $127.94 Million Stock Holdings in Entegris, Inc. (NASDAQ:ENTG)

Rafferty Asset Management LLC cut its holdings in Entegris, Inc. (NASDAQ:ENTG) by 2.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,291,495 shares of the semiconductor company’s stock after selling 29,634 shares during the quarter. Rafferty Asset Management LLC owned approximately 0.86% of Entegris worth $127,935,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quarry LP bought a new position in Entegris in the fourth quarter valued at about $28,000. Proficio Capital Partners LLC bought a new position in Entegris in the fourth quarter valued at about $42,000. Parvin Asset Management LLC bought a new position in Entegris in the fourth quarter valued at about $69,000. Promus Capital LLC bought a new position in Entegris in the fourth quarter valued at about $71,000. Finally, Smartleaf Asset Management LLC boosted its holdings in Entegris by 27.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 731 shares of the semiconductor company’s stock valued at $73,000 after acquiring an additional 158 shares during the last quarter.

Insider Activity

In related news, SVP Olivier Blachier sold 984 shares of Entegris stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $108.00, for a total value of $106,272.00. Following 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.67% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. KeyCorp decreased their price target on Entegris from $130.00 to $117.00 and set an “overweight” rating on the stock in a report on Thursday, May 8th. StockNews.com cut Entegris from a “hold” rating to a “sell” rating in a report on Saturday, April 19th. Needham & Company LLC reduced their target price on Entegris from $120.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. Citigroup reduced their target price on Entegris from $125.00 to $102.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. Finally, UBS Group reduced their target price on Entegris from $90.00 to $85.00 and set a “neutral” rating on the stock in a report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Entegris has a consensus rating of “Moderate Buy” and an average target price of $113.00.

Entegris Trading Down 1.6%

NASDAQ:ENTG opened at $81.78 on Thursday. Entegris, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $147.57. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.08 and a quick ratio of 1.86. The stock has a market capitalization of $12.38 billion, a PE ratio of 42.37, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33. The business’s 50-day simple moving average is $81.88 and its 200-day simple moving average is $96.20.

Entegris (NASDAQ:ENTG) last released its quarterly earnings data on Wednesday, May 7th. The semiconductor company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.02). Entegris had a net margin of 9.03% and a return on equity of 12.83%. The business had revenue of $773.20 million for the quarter, compared to the consensus estimate of $790.75 million. During the same quarter last year, the firm earned $0.68 EPS. The company’s revenue for the quarter was up .3% on a year-over-year basis. Sell-side analysts expect that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Wednesday, April 30th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend is Wednesday, April 30th. Entegris’s dividend payout ratio (DPR) is presently 19.61%.

Entegris Company 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).