Entegris, Inc. (NASDAQ:ENTG) Position Decreased by DnB Asset Management AS

DnB Asset Management AS lowered its holdings in Entegris, Inc. (NASDAQ:ENTG) by 56.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 26,261 shares of the semiconductor company’s stock after selling 34,644 shares during the quarter. DnB Asset Management AS’s holdings in Entegris were worth $2,601,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fortitude Family Office LLC grew its position in Entegris by 195.7% in the fourth quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock worth $41,000 after buying an additional 274 shares during the last quarter. Promus Capital LLC acquired a new stake in shares of Entegris during the fourth quarter worth $71,000. Eagle Bay Advisors LLC lifted its holdings in shares of Entegris by 4,375.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 716 shares of the semiconductor company’s stock valued at $71,000 after purchasing an additional 700 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Entegris by 27.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 731 shares of the semiconductor company’s stock valued at $73,000 after purchasing an additional 158 shares during the period. Finally, Blue Trust Inc. increased its stake in Entegris by 121.3% in the 4th quarter. Blue Trust Inc. now owns 768 shares of the semiconductor company’s stock worth $76,000 after purchasing an additional 421 shares in the last quarter.

Insider Buying and Selling at Entegris

In other Entegris news, SVP Clinton M. Haris sold 12,652 shares of the business’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 sale, the senior vice president now owns 34,820 shares of the company’s stock, valued at $3,722,954.40. The trade was a 26.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Olivier Blachier sold 984 shares of Entegris stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $108.00, for a total transaction of $106,272.00. Following the sale, the senior vice president now owns 10,903 shares in the company, valued at approximately $1,177,524. This trade represents a 8.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.67% of the company’s stock.

Entegris Stock Down 1.5 %

Shares of ENTG stock opened at $86.20 on Wednesday. Entegris, Inc. has a twelve month low of $83.98 and a twelve month high of $147.57. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.86 and a current ratio of 3.08. The company has a market capitalization of $13.04 billion, a price-to-earnings ratio of 44.66, a PEG ratio of 1.50 and a beta of 1.32. The stock’s 50 day simple moving average is $100.55 and its 200 day simple moving average is $103.83.

Entegris (NASDAQ:ENTG) last released its earnings results on Thursday, February 6th. The semiconductor company reported $0.84 EPS for the quarter, beating 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, research analysts predict that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th were paid a dividend of $0.10 per share. The ex-dividend date was Wednesday, January 29th. This represents a $0.40 annualized dividend and a yield of 0.46%. Entegris’s dividend payout ratio is 20.73%.

Analyst Upgrades and Downgrades

Several research analysts have commented on ENTG shares. Mizuho decreased 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. StockNews.com lowered shares of Entegris from a “hold” rating to a “sell” rating in a research note on Monday, March 24th. Needham & Company LLC reissued a “buy” rating and set a $120.00 target price on shares of Entegris in a research note on Friday, February 7th. Finally, KeyCorp decreased their target price on Entegris from $150.00 to $141.00 and set an “overweight” rating for the company in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Entegris currently has an average rating of “Moderate Buy” and a consensus target price of $124.88.

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).