Franklin Resources Inc. Has $840,000 Stock Holdings in Entegris, Inc. (NASDAQ:ENTG)

Franklin Resources Inc. reduced its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 96.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 8,483 shares of the semiconductor company’s stock after selling 219,500 shares during the period. Franklin Resources Inc.’s holdings in Entegris were worth $840,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. O Shaughnessy Asset Management LLC raised its position in shares of Entegris by 19.1% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 10,433 shares of the semiconductor company’s stock valued at $1,033,000 after buying an additional 1,676 shares in the last quarter. Schroder Investment Management Group raised its position in Entegris by 26.7% during the fourth quarter. Schroder Investment Management Group now owns 630,195 shares of the semiconductor company’s stock valued at $62,730,000 after purchasing an additional 132,942 shares in the last quarter. Allstate Corp bought a new stake in Entegris during the fourth quarter worth $447,000. Brown Brothers Harriman & Co. lifted its position in shares of Entegris by 10.3% during the 4th quarter. Brown Brothers Harriman & Co. now owns 511,742 shares of the semiconductor company’s stock worth $50,693,000 after buying an additional 47,703 shares during the last quarter. Finally, Pictet Asset Management Holding SA boosted its stake in Entegris by 1.7% in the fourth quarter. Pictet Asset Management Holding SA now owns 58,435 shares of the semiconductor company’s stock valued at $5,789,000 after buying an additional 1,002 shares in the last quarter.

Insider Buying and Selling at Entegris

In other news, SVP Olivier Blachier sold 984 shares of the firm’s stock in a transaction that occurred 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 $1,177,524. This trade represents a 8.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Clinton M. Haris sold 12,652 shares of Entegris stock in a transaction on Monday, February 10th. The shares were sold at an average price of $106.92, for a total transaction of $1,352,751.84. Following the completion of the sale, the senior vice president now owns 34,820 shares of the company’s stock, valued at $3,722,954.40. This represents a 26.65 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.67% of the company’s stock.

Entegris Stock Down 1.0 %

Shares of ENTG opened at $72.10 on Wednesday. The company has a market capitalization of $10.91 billion, a PE ratio of 37.36, a PEG ratio of 1.50 and a beta of 1.36. The stock’s 50-day moving average price is $93.11 and its two-hundred day moving average price is $100.53. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08. Entegris, Inc. has a 12 month low of $60.75 and a 12 month high of $147.57.

Entegris (NASDAQ:ENTG) last released its earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.07. Entegris had a net margin of 9.03% and a return on equity of 12.83%. On average, analysts anticipate that Entegris, Inc. will post 3.51 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on ENTG. Mizuho dropped their target price on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $120.00 target price on shares of Entegris in a research note on Friday, February 7th. KeyCorp dropped their price target on Entegris from $141.00 to $130.00 and set an “overweight” rating for the company in a research note on Monday. Finally, StockNews.com lowered Entegris from a “hold” rating to a “sell” rating in a research report on Friday, April 11th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $123.50.

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).