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

DnB Asset Management AS reduced its stake in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 56.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,261 shares of the semiconductor company's stock after selling 34,644 shares during the period. DnB Asset Management AS's holdings in Entegris were worth $2,601,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of ENTG. Synovus Financial Corp increased its holdings in Entegris by 102.3% in the third quarter. Synovus Financial Corp now owns 38,253 shares of the semiconductor company's stock valued at $4,305,000 after buying an additional 19,340 shares during the last quarter. Swedbank AB grew its position in shares of Entegris by 47.7% in the 4th quarter. Swedbank AB now owns 1,550,942 shares of the semiconductor company's stock worth $153,636,000 after acquiring an additional 500,581 shares in the last quarter. Argent Capital Management LLC increased its holdings in shares of Entegris by 9.9% in the 4th quarter. Argent Capital Management LLC now owns 31,066 shares of the semiconductor company's stock valued at $3,077,000 after acquiring an additional 2,793 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Entegris by 14.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,060,378 shares of the semiconductor company's stock valued at $105,041,000 after acquiring an additional 137,046 shares during the last quarter. Finally, Callan Family Office LLC acquired a new stake in shares of Entegris during the 4th quarter valued at approximately $308,000.

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Insider Buying and Selling

In related news, SVP Clinton M. Haris sold 12,652 shares of the business's stock in a transaction that occurred on 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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Olivier Blachier sold 984 shares of Entegris stock in a transaction on Friday, February 21st. The shares were 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 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. Corporate insiders own 0.67% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on ENTG. StockNews.com upgraded shares of Entegris from a "sell" rating to a "hold" rating in a research note on Thursday. KeyCorp lowered their price objective on shares of Entegris from $150.00 to $141.00 and set an "overweight" rating for the company in a research report on Friday, February 7th. Mizuho cut their target price on shares of Entegris from $125.00 to $120.00 and set an "outperform" rating on the stock in a report on Tuesday, January 7th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $120.00 target price on shares of Entegris in a report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $124.88.

Entegris Stock Performance

NASDAQ ENTG traded down $6.55 on Friday, hitting $65.39. The stock had a trading volume of 9,577,103 shares, compared to its average volume of 2,159,452. The company's 50-day moving average is $99.45 and its two-hundred day moving average is $103.48. The stock has a market cap of $9.89 billion, a price-to-earnings ratio of 33.88, a P/E/G ratio of 1.50 and a beta of 1.36. 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 one year low of $61.27 and a one year high of $147.57.

Entegris (NASDAQ:ENTG - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, topping 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, analysts expect that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Announces Dividend

The business also recently disclosed 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. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend was Wednesday, January 29th. Entegris's dividend payout ratio is currently 20.73%.

Entegris 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).