Thornburg Investment Management Inc. Sells 39,657 Shares of Entegris, Inc. (NASDAQ:ENTG)

Thornburg Investment Management Inc. decreased its position in Entegris, Inc. (NASDAQ:ENTG) by 13.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 261,036 shares of the semiconductor company’s stock after selling 39,657 shares during the period. Thornburg Investment Management Inc. owned approximately 0.19% of Entegris worth $32,100,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ENTG. Allred Capital Management LLC bought a new stake in Entegris in the 1st quarter worth about $40,000. Logan Capital Management Inc. bought a new stake in Entegris in the 1st quarter worth $40,000. KB Financial Partners LLC bought a new stake in Entegris in the 1st quarter worth $42,000. Cullen Frost Bankers Inc. bought a new stake in shares of Entegris during the 2nd quarter valued at about $48,000. Finally, Van ECK Associates Corp bought a new stake in shares of Entegris during the 1st quarter valued at about $75,000. Hedge funds and other institutional investors own 96.40% of the company’s stock.

Shares of ENTG traded down $1.94 during midday trading on Friday, hitting $131.13. The stock had a trading volume of 15,389 shares, compared to its average volume of 830,525. Entegris, Inc. has a 1 year low of $64.96 and a 1 year high of $133.30. The firm has a market cap of $17.78 billion, a PE ratio of 52.82 and a beta of 1.22. The company has a debt-to-equity ratio of 0.62, a current ratio of 4.45 and a quick ratio of 2.96. The stock’s 50 day moving average is $119.05 and its 200 day moving average is $114.72.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings results on Tuesday, July 27th. The semiconductor company reported $0.85 EPS for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.06. The firm had revenue of $571.35 million for the quarter, compared to analysts’ expectations of $537.97 million. Entegris had a net margin of 16.29% and a return on equity of 28.50%. The business’s revenue for the quarter was up 27.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.60 earnings per share. As a group, equities research analysts expect that Entegris, Inc. will post 3.32 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 18th. Shareholders of record on Wednesday, July 28th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.24%. The ex-dividend date of this dividend was Tuesday, July 27th. Entegris’s payout ratio is 12.60%.

ENTG has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Entegris from a “buy” rating to a “hold” rating in a report on Monday, September 6th. Craig Hallum boosted their target price on shares of Entegris from $100.00 to $115.00 and gave the company a “hold” rating in a research report on Wednesday, July 28th. Finally, Wolfe Research initiated coverage on shares of Entegris in a research report on Wednesday, June 9th. They issued an “outperform” rating for the company. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Entegris has a consensus rating of “Buy” and a consensus price target of $115.20.

In related news, SVP William James Shaner sold 7,917 shares of Entegris stock in a transaction on Tuesday, August 3rd. The shares were sold at an average price of $123.18, for a total value of $975,216.06. Following the sale, the senior vice president now owns 35,389 shares of the company’s stock, valued at approximately $4,359,217.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Bertrand Loy sold 23,710 shares of Entegris stock in a transaction on Wednesday, August 11th. The stock was sold at an average price of $116.66, for a total transaction of $2,766,008.60. The disclosure for this sale can be found here. Insiders sold a total of 58,127 shares of company stock worth $7,004,210 over the last 90 days. Company insiders own 1.30% of the company’s stock.

Entegris Company Profile

Entegris, Inc engages in the development, manufacture, and supply of specialty materials for microelectronics industry. It operates through the following business segments: Specialty Chemicals and Engineered Materials (SCEM); Advanced Materials Handling (AMH); and Microcontamination Control (MC). The SCEM segment provides purity process chemistries, gases, and materials and delivery systems to support semiconductor and other advance manufacturing processes.

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Institutional Ownership by Quarter for Entegris (NASDAQ:ENTG)

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