Pier 88 Investment Partners LLC Trims Stock Holdings in Entegris, Inc. (NASDAQ:ENTG)

Pier 88 Investment Partners LLC lessened its stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 38.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,820 shares of the semiconductor company's stock after selling 3,050 shares during the period. Pier 88 Investment Partners LLC's holdings in Entegris were worth $477,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Corient Private Wealth LLC grew its stake in shares of Entegris by 1.1% during the fourth 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 last quarter. Torray Investment Partners LLC raised its position in 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 acquiring an additional 129 shares in the last quarter. Metis Global Partners LLC increased its holdings in Entegris by 7.1% in the fourth quarter. Metis Global Partners LLC now owns 2,049 shares of the semiconductor company's stock valued at $203,000 after buying an additional 135 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake 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 worth $246,000 after acquiring an additional 147 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in Entegris by 27.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 731 shares of the semiconductor company's stock worth $73,000 after purchasing an additional 158 shares in the last quarter.

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Entegris Trading Down 1.5 %

Shares of ENTG stock traded down $1.28 during trading hours on Tuesday, hitting $86.20. The company had a trading volume of 2,354,171 shares, compared to its average volume of 2,096,590. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.08 and a quick ratio of 1.86. The stock has a market capitalization of $13.04 billion, a PE ratio of 44.66, a price-to-earnings-growth ratio of 1.50 and a beta of 1.32. The company's fifty day moving average is $100.55 and its 200 day moving average is $103.83. Entegris, Inc. has a fifty-two week low of $84.07 and a fifty-two week 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 for the quarter, beating 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%. Research analysts expect that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th were issued 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 0.46%. Entegris's dividend payout ratio (DPR) is presently 20.73%.

Insider Buying and Selling

In related news, SVP Clinton M. Haris sold 12,652 shares of the company'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 value of $1,352,751.84. Following the completion of 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Olivier Blachier sold 984 shares of the firm'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 transaction of $106,272.00. Following the sale, the senior vice president now directly owns 10,903 shares in the company, valued at approximately $1,177,524. The trade was a 8.28 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by insiders.

Analysts Set New Price Targets

ENTG has been the subject of several recent analyst reports. Needham & Company LLC reissued a "buy" rating and issued a $120.00 price target on shares of Entegris in a report on Friday, February 7th. StockNews.com cut Entegris from a "hold" rating to a "sell" rating in a report on Monday, March 24th. KeyCorp reduced their price target on Entegris from $150.00 to $141.00 and set an "overweight" rating on the stock in a report on Friday, February 7th. Finally, Mizuho dropped their price objective 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. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $124.88.

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).