Pier 88 Investment Partners LLC Sells 3,050 Shares of Entegris, Inc. (NASDAQ:ENTG)

Pier 88 Investment Partners LLC trimmed its holdings in Entegris, Inc. (NASDAQ:ENTG) by 38.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 4,820 shares of the semiconductor company’s stock after selling 3,050 shares during the quarter. Pier 88 Investment Partners LLC’s holdings in Entegris were worth $477,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Mountaineer Partners Management LLC raised its holdings in shares of Entegris by 16,255.1% in the 3rd quarter. Mountaineer Partners Management LLC now owns 11,044,594 shares of the semiconductor company’s stock worth $1,242,848,000 after acquiring an additional 10,977,064 shares during the last quarter. Norges Bank purchased a new stake in shares of Entegris in the fourth quarter worth approximately $445,988,000. Raymond James Financial Inc. bought a new position in shares of Entegris in the fourth quarter valued at approximately $91,869,000. Principal Financial Group Inc. boosted its position in shares of Entegris by 130.8% during the third quarter. Principal Financial Group Inc. now owns 1,379,963 shares of the semiconductor company’s stock valued at $155,287,000 after buying an additional 781,955 shares during the last quarter. Finally, James Hambro & Partners LLP bought a new stake in Entegris during the fourth quarter worth $72,845,000.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $120.00 price objective on shares of Entegris in a report on Friday, February 7th. StockNews.com cut shares of Entegris from a “hold” rating to a “sell” rating in a report on Monday, March 24th. Mizuho decreased their price objective on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Finally, KeyCorp cut their target price on Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.88.

Entegris Stock Down 4.1 %

Entegris stock opened at $88.74 on Monday. The firm has a 50 day moving average price of $101.34 and a 200-day moving average price of $104.15. The company has a quick ratio of 1.86, a current ratio of 3.08 and a debt-to-equity ratio of 1.08. Entegris, Inc. has a twelve month low of $87.01 and a twelve month high of $147.57. The company has a market capitalization of $13.43 billion, a P/E ratio of 45.98, a P/E/G ratio of 1.50 and a beta of 1.32.

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

Entegris Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend was Wednesday, January 29th. Entegris’s dividend payout ratio is currently 20.73%.

Insider Buying and Selling at Entegris

In other Entegris news, SVP Olivier Blachier sold 984 shares of the business’s stock in a transaction 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 sale, the senior vice president now owns 10,903 shares of the company’s stock, valued at $1,177,524. The trade was a 8.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Clinton M. Haris sold 12,652 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $106.92, for a total value of $1,352,751.84. Following the completion of the transaction, the senior vice president now directly owns 34,820 shares of the company’s stock, valued at $3,722,954.40. The trade was a 26.65 % 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 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).