Twinbeech Capital LP Trims Stock Holdings in Entegris, Inc. (NASDAQ:ENTG)

Twinbeech Capital LP decreased its position in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 70.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,694 shares of the semiconductor company's stock after selling 193,826 shares during the period. Twinbeech Capital LP owned approximately 0.05% of Entegris worth $7,994,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ENTG. Vanguard Group Inc. raised its stake in shares of Entegris by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 15,202,146 shares of the semiconductor company's stock valued at $1,505,925,000 after buying an additional 169,180 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Entegris by 33.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 11,194,612 shares of the semiconductor company's stock valued at $1,108,940,000 after buying an additional 2,826,463 shares during the last quarter. Norges Bank purchased a new position in shares of Entegris during the 4th quarter valued at about $445,988,000. D1 Capital Partners L.P. raised its stake in shares of Entegris by 329.4% during the 4th quarter. D1 Capital Partners L.P. now owns 2,752,902 shares of the semiconductor company's stock valued at $272,702,000 after buying an additional 2,111,801 shares during the last quarter. Finally, Cantillon Capital Management LLC raised its stake in shares of Entegris by 12.6% during the 4th quarter. Cantillon Capital Management LLC now owns 2,616,354 shares of the semiconductor company's stock valued at $259,176,000 after buying an additional 291,893 shares during the last quarter.

Insider Activity

In related news, SVP Olivier Blachier sold 984 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $108.00, for a total value of $106,272.00. Following the transaction, the senior vice president now directly owns 10,903 shares in the company, valued at approximately $1,177,524. This represents a 8.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.67% of the company's stock.

Analyst Upgrades and Downgrades

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

Entegris Price Performance

NASDAQ:ENTG opened at $75.53 on Tuesday. Entegris, Inc. has a 12 month low of $60.75 and a 12 month high of $147.57. The stock has a 50 day moving average of $80.79 and a two-hundred day moving average of $95.44. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08. The firm has a market cap of $11.44 billion, a P/E 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 posted its quarterly earnings data on Wednesday, May 7th. The semiconductor company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.02). Entegris had a return on equity of 12.83% and a net margin of 9.03%. The firm had revenue of $773.20 million for the quarter, compared to analysts' expectations of $790.75 million. During the same quarter last year, the firm posted $0.68 earnings per share. Entegris's quarterly revenue was up .3% on a year-over-year basis. On average, analysts expect 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 given 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 dividend payout ratio (DPR) is presently 19.61%.

Entegris 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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