Dark Forest Capital Management LP Trims Stock Position in Entegris, Inc. (NASDAQ:ENTG)

Dark Forest Capital Management LP trimmed its position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 10.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,601 shares of the semiconductor company's stock after selling 5,543 shares during the quarter. Entegris accounts for approximately 0.7% of Dark Forest Capital Management LP's investment portfolio, making the stock its 9th largest position. Dark Forest Capital Management LP's holdings in Entegris were worth $4,616,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ENTG. Corient Private Wealth LLC boosted its stake in Entegris by 1.1% in the fourth quarter. Corient Private Wealth LLC now owns 11,862 shares of the semiconductor company's stock valued at $1,175,000 after acquiring an additional 128 shares in the last quarter. Torray Investment Partners LLC increased its position in Entegris by 0.9% during the 4th quarter. Torray Investment Partners LLC now owns 15,266 shares of the semiconductor company's stock valued at $1,512,000 after buying an additional 129 shares in the last quarter. Metis Global Partners LLC grew its stake in shares of Entegris by 7.1% during the fourth quarter. Metis Global Partners LLC now owns 2,049 shares of the semiconductor company's stock worth $203,000 after acquiring an additional 135 shares during the last quarter. HighPoint Advisor Group LLC raised its holdings in shares of Entegris by 4.3% in the fourth quarter. HighPoint Advisor Group LLC now owns 3,559 shares of the semiconductor company's stock worth $376,000 after buying an additional 146 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its holdings in shares of Entegris by 6.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 2,482 shares of the semiconductor company's stock valued at $246,000 after purchasing an additional 147 shares during the period.

Insider Activity

In other news, SVP Clinton M. Haris sold 12,652 shares of the company's stock in a transaction dated 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 completion of the transaction, the senior vice president now owns 34,820 shares of the company's stock, valued at $3,722,954.40. This represents a 26.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Olivier Blachier sold 984 shares of the business's stock in a transaction on Friday, February 21st. The shares were 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 of the company's stock, valued at $1,177,524. This represents a 8.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.67% of the company's stock.

Entegris Stock Performance

Shares of ENTG traded down $2.70 during mid-day trading on Monday, reaching $78.03. 395,360 shares of the company's stock were exchanged, compared to its average volume of 2,327,725. The business's fifty day simple moving average is $87.46 and its 200-day simple moving average is $98.28. Entegris, Inc. has a 52-week low of $60.75 and a 52-week high of $147.57. 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 $11.81 billion, a PE ratio of 40.29, a price-to-earnings-growth ratio of 1.50 and a beta of 1.36.

Entegris (NASDAQ:ENTG - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share 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%. On average, equities research analysts expect that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Wednesday, April 30th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend is Wednesday, April 30th. Entegris's dividend payout ratio (DPR) is 20.73%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. StockNews.com cut shares of Entegris from a "hold" rating to a "sell" rating in a research note on Saturday, April 19th. KeyCorp reduced their target price 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 restated a "buy" rating and issued a $120.00 target price on shares of Entegris in a report on Friday, February 7th. Finally, Mizuho cut their target price on shares of Entegris from $125.00 to $120.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, Entegris presently has a consensus rating of "Moderate Buy" and an average price target of $123.50.

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).