Voya Investment Management LLC Decreases Stake in Entegris, Inc. (NASDAQ:ENTG)

Voya Investment Management LLC trimmed its position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 33.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 239,327 shares of the semiconductor company's stock after selling 120,043 shares during the quarter. Voya Investment Management LLC owned 0.16% of Entegris worth $23,708,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of ENTG. Fortitude Family Office LLC raised its position in Entegris by 195.7% in the 4th quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company's stock worth $41,000 after purchasing an additional 274 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of Entegris during the 4th quarter worth approximately $42,000. Eagle Bay Advisors LLC boosted its holdings in Entegris by 4,375.0% during the 4th quarter. Eagle Bay Advisors LLC now owns 716 shares of the semiconductor company's stock valued at $71,000 after acquiring an additional 700 shares during the period. Promus Capital LLC bought a new position in Entegris in the 4th quarter valued at $71,000. Finally, Smartleaf Asset Management LLC increased its stake in Entegris by 27.6% in 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 during the period.

Insider Transactions at Entegris

In other Entegris news, SVP Olivier Blachier sold 984 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $108.00, for a total value of $106,272.00. Following the transaction, the senior vice president now 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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Clinton M. Haris sold 12,652 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $106.92, for a total transaction 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.

Entegris Price Performance

Shares of Entegris stock traded up $3.99 on Friday, hitting $83.29. The company's stock had a trading volume of 915,496 shares, compared to its average volume of 2,323,498. The company has a market capitalization of $12.60 billion, a price-to-earnings ratio of 43.28, a price-to-earnings-growth ratio of 1.50 and a beta of 1.36. Entegris, Inc. has a 1 year low of $60.75 and a 1 year high of $147.57. The firm has a fifty day moving average price of $85.37 and a 200-day moving average price of $97.59. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.86 and a current ratio of 3.08.

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 (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 anticipate that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Wednesday, April 30th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.48%. Entegris's dividend payout ratio is presently 20.73%.

Wall Street Analyst Weigh In

ENTG has been the subject of a number of research analyst reports. UBS Group decreased their price objective on shares of Entegris from $115.00 to $90.00 and set a "neutral" rating for the company in a report on Tuesday. Needham & Company LLC reissued a "buy" rating and issued a $120.00 price objective on shares of Entegris in a research note on Friday, February 7th. Mizuho reduced their price objective on Entegris from $125.00 to $120.00 and set an "outperform" rating on the stock in a report on Tuesday, January 7th. StockNews.com cut Entegris from a "hold" rating to a "sell" rating in a report on Saturday, April 19th. Finally, KeyCorp cut their price target on Entegris from $141.00 to $130.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. 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 stock. Based on data from MarketBeat, Entegris has an average rating of "Moderate Buy" and an average target price of $120.38.

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).