Nuveen Asset Management LLC Reduces Stake in Entegris, Inc. (NASDAQ:ENTG)

Nuveen Asset Management LLC lowered its position in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 17.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 426,822 shares of the semiconductor company's stock after selling 88,175 shares during the period. Nuveen Asset Management LLC owned approximately 0.28% of Entegris worth $42,281,000 as of its most recent SEC filing.

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

Entegris Stock Performance

Shares of ENTG traded down $0.83 during midday trading on Friday, reaching $72.34. 2,879,530 shares of the stock were exchanged, compared to its average volume of 2,508,755. Entegris, Inc. has a twelve month low of $60.75 and a twelve month high of $147.57. 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 company has a market cap of $10.95 billion, a P/E ratio of 37.48, a PEG ratio of 1.50 and a beta of 1.33. The stock's 50 day simple moving average is $78.80 and its 200 day simple moving average is $94.58.

Entegris (NASDAQ:ENTG - Get Free Report) last released its earnings results on Wednesday, May 7th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.69 by ($0.02). The business had revenue of $773.20 million during the quarter, compared to the consensus estimate of $790.75 million. Entegris had a net margin of 9.03% and a return on equity of 12.83%. The business's revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.68 EPS. On average, sell-side analysts expect that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Wednesday, April 30th were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, April 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.55%. Entegris's dividend payout ratio (DPR) is presently 19.61%.

Wall Street Analyst Weigh In

ENTG has been the topic of several recent research reports. Wall Street Zen lowered shares of Entegris from a "hold" rating to a "sell" rating in a research report on Saturday, April 19th. KeyCorp reduced their price objective on Entegris from $130.00 to $117.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Needham & Company LLC reaffirmed a "buy" rating and set a $100.00 price objective on shares of Entegris in a research note on Tuesday, May 20th. Citigroup lowered their price target on Entegris from $125.00 to $102.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Finally, UBS Group decreased their price target on shares of Entegris from $90.00 to $85.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. One equities 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 stock. Based on data from MarketBeat.com, Entegris currently has an average rating of "Moderate Buy" and an average target price of $113.00.

About Entegris

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).