Norden Group LLC Sells 4,404 Shares of Entegris, Inc. (NASDAQ:ENTG)

Norden Group LLC lowered its stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 32.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,051 shares of the semiconductor company's stock after selling 4,404 shares during the period. Norden Group LLC's holdings in Entegris were worth $897,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ENTG. Smartleaf Asset Management LLC grew its position in shares of Entegris by 27.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 731 shares of the semiconductor company's stock valued at $73,000 after purchasing an additional 158 shares during the period. Cantillon Capital Management LLC increased its stake in shares of Entegris by 12.6% in the 4th quarter. Cantillon Capital Management LLC now owns 2,616,354 shares of the semiconductor company's stock worth $259,176,000 after acquiring an additional 291,893 shares during the last quarter. Metis Global Partners LLC boosted its position in shares of Entegris by 7.1% during the 4th quarter. Metis Global Partners LLC now owns 2,049 shares of the semiconductor company's stock valued at $203,000 after acquiring an additional 135 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in Entegris during the fourth quarter worth about $42,000. Finally, Mn Services Vermogensbeheer B.V. raised its stake in Entegris by 5.2% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 60,600 shares of the semiconductor company's stock worth $6,003,000 after purchasing an additional 3,000 shares during the period.

Entegris Trading Up 4.1 %

ENTG stock traded up $4.03 during mid-day trading on Wednesday, reaching $102.38. 22,198,794 shares of the stock traded hands, compared to its average volume of 1,870,750. The stock's fifty day moving average is $102.69 and its 200-day moving average is $106.02. The company has a market cap of $15.47 billion, a P/E ratio of 53.05, a P/E/G ratio of 1.50 and a beta of 1.24. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08. Entegris, Inc. has a 52-week low of $94.92 and a 52-week high of $147.57.

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

Entegris Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th were paid a $0.10 dividend. The ex-dividend date was Wednesday, January 29th. This represents a $0.40 dividend on an annualized basis and a yield of 0.39%. Entegris's dividend payout ratio (DPR) is currently 20.73%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ENTG. Deutsche Bank Aktiengesellschaft lowered their price objective on Entegris from $145.00 to $115.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. StockNews.com lowered shares of Entegris from a "hold" rating to a "sell" rating in a research report on Thursday, February 27th. UBS Group lowered their price objective on shares of Entegris from $130.00 to $115.00 and set a "neutral" rating on the stock in a research report on Tuesday, November 5th. Mizuho cut their price target on shares of Entegris from $125.00 to $120.00 and set an "outperform" rating for the company in a report on Tuesday, January 7th. Finally, Citigroup decreased their price target on Entegris from $130.00 to $123.00 and set a "buy" rating on the stock in a research note on Wednesday, November 6th. One investment 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 data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $124.88.

Insider Activity at Entegris

In other Entegris news, SVP Clinton M. Haris sold 12,652 shares of the stock in a transaction on Monday, February 10th. The shares were 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 $3,722,954.40. This represents a 26.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Olivier Blachier sold 984 shares of the firm's stock in a transaction that occurred 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 completion of 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. 0.67% of the stock is currently owned by company insiders.

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).