Entegris, Inc. (NASDAQ:ENTG) Shares Sold by Neuberger Berman Group LLC

Neuberger Berman Group LLC lowered its position in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 5.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 458,457 shares of the semiconductor company's stock after selling 26,186 shares during the quarter. Neuberger Berman Group LLC owned 0.30% of Entegris worth $45,414,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of ENTG. Norges Bank acquired a new stake in shares of Entegris in the fourth quarter valued at approximately $445,988,000. Raymond James Financial Inc. acquired a new position in Entegris in the 4th quarter worth about $91,869,000. Principal Financial Group Inc. lifted its stake in shares of Entegris by 130.8% in the third quarter. Principal Financial Group Inc. now owns 1,379,963 shares of the semiconductor company's stock worth $155,287,000 after acquiring an additional 781,955 shares during the period. James Hambro & Partners LLP bought a new position in shares of Entegris during the 4th quarter worth approximately $72,845,000. Finally, Wealthfront Advisers LLC acquired a new position in Entegris during the fourth quarter worth $68,661,000.

Insider Activity at Entegris

In other news, SVP Olivier Blachier sold 984 shares of the firm's stock in a transaction 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 completion of the transaction, the senior vice president now owns 10,903 shares in the company, valued at $1,177,524. This trade represents a 8.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 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 position. The disclosure for this sale can be found here. Insiders own 0.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ENTG. StockNews.com downgraded Entegris from a "hold" rating to a "sell" rating in a research note on Friday, April 11th. KeyCorp dropped their price objective on Entegris from $141.00 to $130.00 and set an "overweight" rating for the company in a research note on Monday. Needham & Company LLC reiterated a "buy" rating and set a $120.00 target price on shares of Entegris in a report on Friday, February 7th. Finally, Mizuho lowered their price target on Entegris from $125.00 to $120.00 and set an "outperform" rating for the company in a research report on Tuesday, January 7th. 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. Based on data from MarketBeat.com, Entegris has an average rating of "Moderate Buy" and a consensus target price of $123.50.

Entegris Price Performance

ENTG stock traded down $4.13 during midday trading on Wednesday, reaching $67.97. The stock had a trading volume of 1,083,507 shares, compared to its average volume of 3,288,645. 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's fifty day simple moving average is $93.11 and its 200 day simple moving average is $100.53. Entegris, Inc. has a 52-week low of $60.75 and a 52-week high of $147.57. The company has a market cap of $10.29 billion, a price-to-earnings ratio of 35.22, a price-to-earnings-growth 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 EPS for the quarter, topping 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 earnings per share for the current fiscal year.

About Entegris

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).