Intech Investment Management LLC Decreases Stock Holdings in Entegris, Inc. (NASDAQ:ENTG)

Intech Investment Management LLC lessened its holdings in Entegris, Inc. (NASDAQ:ENTG) by 25.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 6,702 shares of the semiconductor company’s stock after selling 2,267 shares during the quarter. Intech Investment Management LLC’s holdings in Entegris were worth $664,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in ENTG. Polen Capital Management LLC acquired a new position in shares of Entegris during the fourth quarter worth about $1,092,000. First National Advisers LLC lifted its position in Entegris by 4.2% during the 4th quarter. First National Advisers LLC now owns 28,721 shares of the semiconductor company’s stock worth $2,846,000 after acquiring an additional 1,165 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in Entegris by 1.1% in the 4th quarter. Corient Private Wealth LLC now owns 11,862 shares of the semiconductor company’s stock worth $1,175,000 after acquiring an additional 128 shares during the period. Natixis Advisors LLC grew its position in Entegris by 11.4% in the fourth quarter. Natixis Advisors LLC now owns 284,807 shares of the semiconductor company’s stock valued at $28,213,000 after acquiring an additional 29,063 shares in the last quarter. Finally, Hilton Capital Management LLC raised its stake in shares of Entegris by 4.6% during the fourth quarter. Hilton Capital Management LLC now owns 18,399 shares of the semiconductor company’s stock valued at $1,823,000 after purchasing an additional 802 shares during the period.

Entegris Trading Down 2.7 %

Entegris stock opened at $96.35 on Monday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.86 and a current ratio of 3.08. Entegris, Inc. has a 1 year low of $92.84 and a 1 year high of $147.57. The firm’s 50-day moving average is $102.24 and its 200-day moving average is $104.67. The company has a market cap of $14.58 billion, a P/E ratio of 49.92, a PEG ratio of 1.50 and a beta of 1.32.

Entegris (NASDAQ:ENTG) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.07. Entegris had a return on equity of 12.83% and a net margin of 9.03%. On average, equities analysts expect that Entegris, Inc. will post 3.51 earnings per share for the current 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 given a $0.10 dividend. 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 dividend payout ratio is presently 20.73%.

Insider Buying and Selling at Entegris

In other Entegris news, SVP Clinton M. Haris sold 12,652 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at approximately $3,722,954.40. This trade represents a 26.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Olivier Blachier sold 984 shares of the business’s 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 transaction, the senior vice president now owns 10,903 shares of the company’s stock, valued at approximately $1,177,524. This represents a 8.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ENTG shares. KeyCorp lowered their price target on shares of Entegris from $150.00 to $141.00 and set an “overweight” rating for the company in a report on Friday, February 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $120.00 target price on shares of Entegris in a research report on Friday, February 7th. Mizuho reduced their price target on Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Finally, StockNews.com upgraded Entegris from a “sell” rating to a “hold” rating in a report on Thursday, March 13th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Entegris presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.88.

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).