Sciencast Management LP Cuts Stock Position in Entegris, Inc. (NASDAQ:ENTG)

Sciencast Management LP lowered its stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 81.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,400 shares of the semiconductor company's stock after selling 19,848 shares during the period. Sciencast Management LP's holdings in Entegris were worth $436,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ENTG. Synovus Financial Corp lifted its stake in shares of Entegris by 102.3% in the 3rd quarter. Synovus Financial Corp now owns 38,253 shares of the semiconductor company's stock valued at $4,305,000 after purchasing an additional 19,340 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Entegris by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,065,812 shares of the semiconductor company's stock valued at $119,936,000 after buying an additional 14,650 shares during the period. Swedbank AB lifted its position in Entegris by 47.7% in the fourth quarter. Swedbank AB now owns 1,550,942 shares of the semiconductor company's stock worth $153,636,000 after buying an additional 500,581 shares during the last quarter. Argent Capital Management LLC boosted its stake in Entegris by 9.9% during the fourth quarter. Argent Capital Management LLC now owns 31,066 shares of the semiconductor company's stock worth $3,077,000 after buying an additional 2,793 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in Entegris by 14.8% during the fourth 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.

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Insider Transactions at Entegris

In other news, SVP Olivier Blachier sold 984 shares of Entegris 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 transaction, the senior vice president now directly owns 10,903 shares in the company, valued at approximately $1,177,524. This trade represents a 8.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Clinton M. Haris sold 12,652 shares of the business'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 completion of the transaction, the senior vice president now directly owns 34,820 shares of the company's stock, valued at approximately $3,722,954.40. The trade was a 26.65 % 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.

Entegris Trading Up 0.1 %

NASDAQ:ENTG traded up $0.10 during midday trading on Thursday, hitting $92.54. The stock had a trading volume of 2,423,445 shares, compared to its average volume of 1,949,030. 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 stock has a 50-day moving average of $101.94 and a 200 day moving average of $104.41. The company has a market capitalization of $14.00 billion, a price-to-earnings ratio of 47.95, a PEG ratio of 1.50 and a beta of 1.32. Entegris, Inc. has a one year low of $91.02 and a one year high of $147.57.

Entegris (NASDAQ:ENTG - Get Free Report) last posted its quarterly earnings results 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%. As a group, sell-side analysts forecast that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders 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 annualized dividend and a dividend yield of 0.43%. Entegris's dividend payout ratio is currently 20.73%.

Analyst Ratings Changes

Several brokerages have recently weighed in on ENTG. StockNews.com lowered shares of Entegris from a "hold" rating to a "sell" rating in a report on Monday. Mizuho decreased their price objective on shares of Entegris from $125.00 to $120.00 and set an "outperform" rating for the company in a research note on Tuesday, January 7th. KeyCorp dropped their target price on Entegris from $150.00 to $141.00 and set an "overweight" rating for the company in a research report on Friday, February 7th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $120.00 price target on shares of Entegris in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Entegris presently has a consensus rating of "Moderate Buy" and an average target price of $124.88.

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).