Sciencast Management LP Has $436,000 Position in Entegris, Inc. (NASDAQ:ENTG)

Sciencast Management LP reduced its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 81.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 4,400 shares of the semiconductor company’s stock after selling 19,848 shares during the quarter. Sciencast Management LP’s holdings in Entegris were worth $436,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Fortitude Family Office LLC lifted its holdings in Entegris by 195.7% during the 4th quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 274 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in Entegris during the 4th quarter worth approximately $42,000. Eagle Bay Advisors LLC raised its holdings in Entegris by 4,375.0% in the 4th quarter. Eagle Bay Advisors LLC now owns 716 shares of the semiconductor company’s stock valued at $71,000 after acquiring an additional 700 shares in the last quarter. Promus Capital LLC acquired a new position in Entegris in the 4th quarter valued at $71,000. Finally, Smartleaf Asset Management LLC raised its holdings in 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 acquiring an additional 158 shares in the last quarter.

Analysts Set New Price Targets

ENTG has been the subject of several analyst reports. Mizuho dropped their price objective on 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 issued a $120.00 price objective on shares of Entegris in a report on Friday, February 7th. StockNews.com raised Entegris from a “sell” rating to a “hold” rating in a report on Thursday, March 13th. Finally, KeyCorp dropped their price objective on Entegris from $150.00 to $141.00 and set an “overweight” rating for the company in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.88.

Entegris Trading Down 2.7 %

Shares of ENTG stock opened at $96.35 on Friday. The firm has a market capitalization of $14.56 billion, a P/E ratio of 49.92, a P/E/G ratio of 1.50 and a beta of 1.32. Entegris, Inc. has a twelve month low of $92.84 and a twelve month high of $147.57. The company has a quick ratio of 1.86, a current ratio of 3.08 and a debt-to-equity ratio of 1.08. The stock’s fifty day simple moving average is $102.24 and its 200 day simple moving average is $104.70.

Entegris (NASDAQ:ENTG) last announced its earnings results on Thursday, February 6th. The semiconductor company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.77 by $0.07. Entegris had a return on equity of 12.83% and a net margin of 9.03%. As a group, sell-side analysts predict that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend was Wednesday, January 29th. Entegris’s payout ratio is presently 20.73%.

Insiders Place Their Bets

In other Entegris news, SVP Clinton M. Haris sold 12,652 shares of Entegris stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $106.92, for a total transaction of $1,352,751.84. Following the transaction, the senior vice president now directly owns 34,820 shares of the company’s stock, valued at approximately $3,722,954.40. The trade was a 26.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 stock was sold at an average price of $108.00, for a total value of $106,272.00. Following the transaction, the senior vice president now directly owns 10,903 shares in the company, valued at $1,177,524. The trade was a 8.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.67% of the company’s stock.

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).