Hood River Capital Management LLC Trims Stake in Entegris, Inc. (NASDAQ:ENTG)

Hood River Capital Management LLC lessened its holdings in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 29.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,648 shares of the semiconductor company's stock after selling 15,383 shares during the period. Hood River Capital Management LLC's holdings in Entegris were worth $3,729,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ENTG. Corient Private Wealth LLC grew its holdings in shares of Entegris by 1.1% during 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. Torray Investment Partners LLC boosted its position in shares of Entegris by 0.9% during the fourth quarter. Torray Investment Partners LLC now owns 15,266 shares of the semiconductor company's stock valued at $1,512,000 after purchasing an additional 129 shares in the last quarter. Metis Global Partners LLC grew its stake in Entegris by 7.1% in the fourth quarter. Metis Global Partners LLC now owns 2,049 shares of the semiconductor company's stock worth $203,000 after purchasing an additional 135 shares during the period. HighPoint Advisor Group LLC lifted its position in Entegris by 4.3% during the fourth quarter. HighPoint Advisor Group LLC now owns 3,559 shares of the semiconductor company's stock valued at $376,000 after buying an additional 146 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its holdings in shares of Entegris by 6.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 2,482 shares of the semiconductor company's stock valued at $246,000 after buying an additional 147 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ENTG. 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 research report on Monday, April 14th. Needham & Company LLC reaffirmed a "buy" rating and set a $120.00 target price on shares of Entegris in a research note on Friday, February 7th. Mizuho dropped their price target on Entegris from $125.00 to $120.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 7th. Finally, StockNews.com lowered Entegris from a "hold" rating to a "sell" rating in a research report on Saturday, April 19th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $123.50.

Entegris Stock Performance

ENTG traded up $1.02 during trading on Friday, hitting $80.73. The company's stock had a trading volume of 2,787,961 shares, compared to its average volume of 2,335,294. Entegris, Inc. has a one year low of $60.75 and a one year high of $147.57. The business's 50 day simple moving average is $87.46 and its 200-day simple moving average is $98.35. The company has a quick ratio of 1.86, a current ratio of 3.08 and a debt-to-equity ratio of 1.08. The firm has a market cap of $12.22 billion, a PE ratio of 41.83, a P/E/G ratio of 1.50 and a beta of 1.36.

Entegris (NASDAQ:ENTG - Get Free Report) last released its quarterly 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 return on equity of 12.83% and a net margin of 9.03%. As a group, sell-side analysts predict that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 21st. Investors of record on Wednesday, April 30th will be given a $0.10 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.50%. Entegris's dividend payout ratio is currently 20.73%.

Insider Buying and Selling at Entegris

In related news, SVP Clinton M. Haris sold 12,652 shares of the 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 completion of the transaction, the senior vice president now owns 34,820 shares of the company's stock, valued at approximately $3,722,954.40. This trade represents a 26.65 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 sale, 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. 0.61% of the stock is currently owned by company insiders.

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).