Curi RMB Capital LLC Sells 24,767 Shares of Entegris, Inc. (NASDAQ:ENTG)

Curi RMB Capital LLC reduced its position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 9.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 227,046 shares of the semiconductor company's stock after selling 24,767 shares during the period. Curi RMB Capital LLC owned approximately 0.15% of Entegris worth $22,491,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ENTG. Synovus Financial Corp grew its position in Entegris by 102.3% during the 3rd quarter. Synovus Financial Corp now owns 38,253 shares of the semiconductor company's stock worth $4,305,000 after acquiring an additional 19,340 shares during the last quarter. Swedbank AB increased its stake in shares of Entegris by 47.7% in the fourth quarter. Swedbank AB now owns 1,550,942 shares of the semiconductor company's stock valued at $153,636,000 after buying an additional 500,581 shares during the period. National Bank of Canada FI raised its holdings in Entegris by 66,855.0% in the 4th quarter. National Bank of Canada FI now owns 490,780 shares of the semiconductor company's stock valued at $48,617,000 after buying an additional 490,047 shares during the last quarter. Argent Capital Management LLC boosted its position in Entegris by 9.9% during the 4th quarter. Argent Capital Management LLC now owns 31,066 shares of the semiconductor company's stock worth $3,077,000 after buying an additional 2,793 shares during the period. Finally, Assenagon Asset Management S.A. grew its holdings in Entegris by 14.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,060,378 shares of the semiconductor company's stock worth $105,041,000 after acquiring an additional 137,046 shares during the last quarter.

Insiders Place Their Bets

In related news, SVP Olivier Blachier sold 984 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $108.00, for a total value of $106,272.00. Following the sale, the senior vice president now owns 10,903 shares in the company, valued at $1,177,524. This represents a 8.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Clinton M. Haris sold 12,652 shares of Entegris stock in a transaction dated 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 transaction, the senior vice president now owns 34,820 shares of the company's stock, valued at $3,722,954.40. This trade represents a 26.65 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.61% of the company's stock.

Entegris Stock Up 9.1 %

NASDAQ ENTG traded up $6.61 on Thursday, hitting $79.10. 1,837,594 shares of the company were exchanged, compared to its average volume of 2,310,580. Entegris, Inc. has a 12 month low of $60.75 and a 12 month high of $147.57. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08. The company has a market cap of $11.97 billion, a PE ratio of 40.97, a PEG ratio of 1.50 and a beta of 1.36. The stock has a fifty day moving average of $88.54 and a 200-day moving average of $98.84.

Entegris (NASDAQ:ENTG - Get Free Report) last issued 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 return on equity of 12.83% and a net margin of 9.03%. As a group, analysts forecast that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Wednesday, April 30th will be paid a dividend of $0.10 per share. The ex-dividend date is Wednesday, April 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.51%. Entegris's dividend payout ratio (DPR) is presently 20.73%.

Analysts Set New Price Targets

Several analysts recently weighed in on ENTG shares. StockNews.com cut shares of Entegris from a "hold" rating to a "sell" rating in a research note on Saturday, April 19th. Mizuho decreased their price target on Entegris from $125.00 to $120.00 and set an "outperform" rating for the company in a research note on Tuesday, January 7th. Needham & Company LLC reiterated a "buy" rating and issued a $120.00 target price on shares of Entegris in a report on Friday, February 7th. Finally, KeyCorp lowered their price target on shares of Entegris from $141.00 to $130.00 and set an "overweight" rating for the company in a report on Monday, April 14th. One equities research 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. According to MarketBeat.com, the company presently 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).