Nuveen Asset Management LLC Has $42.28 Million Stock Holdings in Entegris, Inc. (NASDAQ:ENTG)

Nuveen Asset Management LLC reduced its holdings in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 17.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 426,822 shares of the semiconductor company's stock after selling 88,175 shares during the quarter. Nuveen Asset Management LLC owned about 0.28% of Entegris worth $42,281,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Corient Private Wealth LLC increased its holdings in shares of Entegris by 1.1% during 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 grew its holdings in Entegris by 0.9% during the fourth 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 in the last quarter. Metis Global Partners LLC grew its stake in 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 purchasing an additional 135 shares during the period. HighPoint Advisor Group LLC grew its stake in 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 purchasing an additional 146 shares during the period. Finally, Sequoia Financial Advisors LLC grew its stake in 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 purchasing an additional 147 shares during the period.

Analysts Set New Price Targets

A number of brokerages have recently commented on ENTG. Needham & Company LLC dropped their price target on Entegris from $120.00 to $100.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. UBS Group reduced their price target on Entegris from $90.00 to $85.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Citigroup reduced their price target on Entegris from $125.00 to $102.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. KeyCorp dropped their price objective on Entegris from $130.00 to $117.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Finally, StockNews.com cut Entegris from a "hold" rating to a "sell" rating in a research note on Saturday, April 19th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $113.00.

Entegris Price Performance

ENTG stock opened at $75.53 on Tuesday. Entegris, Inc. has a one year low of $60.75 and a one year high of $147.57. The company's fifty day moving average price is $80.79 and its 200-day moving average price is $95.44. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.86 and a current ratio of 3.08. The company has a market capitalization of $11.44 billion, a PE ratio of 39.13, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33.

Entegris (NASDAQ:ENTG - Get Free Report) last released its quarterly 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). Entegris had a net margin of 9.03% and a return on equity of 12.83%. The business had revenue of $773.20 million for the quarter, compared to analysts' expectations of $790.75 million. During the same period in the previous year, the company earned $0.68 EPS. Entegris's revenue for the quarter was up .3% compared to the same quarter last year. On average, equities analysts anticipate that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Wednesday, April 30th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.53%. Entegris's payout ratio is currently 19.61%.

Insider Buying and Selling

In related news, SVP Olivier Blachier sold 984 shares of Entegris stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $108.00, for a total transaction of $106,272.00. Following the completion of the transaction, the senior vice president now directly owns 10,903 shares of the company's stock, valued at approximately $1,177,524. The trade was a 8.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.67% of the stock is owned by corporate insiders.

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).

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