Norden Group LLC Reduces Stock Position in Entegris, Inc. (NASDAQ:ENTG)

Norden Group LLC lowered its stake in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 34.2% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 5,952 shares of the semiconductor company's stock after selling 3,099 shares during the period. Norden Group LLC's holdings in Entegris were worth $521,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. LPL Financial LLC boosted its stake in shares of Entegris by 36.0% in the 4th quarter. LPL Financial LLC now owns 98,123 shares of the semiconductor company's stock worth $9,720,000 after buying an additional 25,980 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Entegris by 12.9% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 112,430 shares of the semiconductor company's stock worth $11,310,000 after purchasing an additional 12,856 shares during the period. Pictet Asset Management Holding SA raised its holdings in shares of Entegris by 1.7% in the 4th quarter. Pictet Asset Management Holding SA now owns 58,435 shares of the semiconductor company's stock worth $5,789,000 after purchasing an additional 1,002 shares during the period. Allstate Corp bought a new stake in shares of Entegris in the 4th quarter worth approximately $447,000. Finally, Schroder Investment Management Group raised its holdings in shares of Entegris by 26.7% in the 4th quarter. Schroder Investment Management Group now owns 630,195 shares of the semiconductor company's stock worth $62,730,000 after purchasing an additional 132,942 shares during the period.

Entegris Price Performance

Shares of Entegris stock traded down $2.80 during trading on Friday, hitting $75.66. The stock had a trading volume of 5,561,091 shares, compared to its average volume of 2,821,295. The firm has a market cap of $11.47 billion, a price-to-earnings ratio of 39.00 and a beta of 1.22. The company has a current ratio of 3.30, a quick ratio of 1.95 and a debt-to-equity ratio of 1.04. Entegris, Inc. has a 12 month low of $60.75 and a 12 month high of $119.95. The business's 50-day moving average is $81.44 and its 200 day moving average is $87.11.

Entegris (NASDAQ:ENTG - Get Free Report) last released its earnings results on Wednesday, July 30th. The semiconductor company reported $0.66 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.01. Entegris had a return on equity of 12.05% and a net margin of 9.17%. The business had revenue of $792.40 million for the quarter, compared to analysts' expectations of $753.85 million. During the same quarter in the prior year, the firm earned $0.71 earnings per share. The firm's revenue was down 2.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 20th. Shareholders of record on Wednesday, July 30th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.5%. The ex-dividend date is Wednesday, July 30th. Entegris's dividend payout ratio is presently 20.62%.

Insider Transactions at Entegris

In other Entegris news, SVP Clinton M. Haris sold 3,627 shares of the company's stock in a transaction dated Thursday, July 17th. The shares were sold at an average price of $90.00, for a total transaction of $326,430.00. Following the completion of the sale, the senior vice president directly owned 37,743 shares in the company, valued at $3,396,870. This represents a 8.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.67% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

ENTG has been the topic of a number of research reports. Wall Street Zen cut shares of Entegris from a "hold" rating to a "sell" rating in a report on Saturday. The Goldman Sachs Group initiated coverage on shares of Entegris in a report on Thursday, July 10th. They issued a "neutral" rating and a $85.00 price target on the stock. UBS Group lowered their target price on shares of Entegris from $95.00 to $90.00 and set a "neutral" rating on the stock in a report on Thursday. Needham & Company LLC reissued a "buy" rating and set a $100.00 target price on shares of Entegris in a report on Tuesday, May 20th. Finally, KeyCorp reissued an "overweight" rating and set a $103.00 target price (down previously from $112.00) on shares of Entegris in a report on Thursday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $106.44.

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).