Entegris, Inc. (NASDAQ:ENTG) Shares Sold by Twinbeech Capital LP

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

A number of other hedge funds have also recently added to or reduced their stakes in ENTG. Quarry LP acquired a new stake in Entegris in the 4th quarter worth about $28,000. Proficio Capital Partners LLC acquired a new stake in Entegris in the 4th quarter worth about $42,000. Parvin Asset Management LLC acquired a new stake in Entegris in the 4th quarter worth about $69,000. Promus Capital LLC acquired a new stake in Entegris in the 4th quarter worth about $71,000. Finally, Smartleaf Asset Management LLC boosted its stake in Entegris by 27.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 731 shares of the semiconductor company's stock worth $73,000 after buying an additional 158 shares during the last quarter.

Entegris Stock Down 1.1%

Shares of NASDAQ:ENTG traded down $0.83 during mid-day trading on Friday, hitting $72.34. 2,879,530 shares of the company traded hands, compared to its average volume of 2,508,755. The firm 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 company has a debt-to-equity ratio of 1.08, a quick ratio of 1.86 and a current ratio of 3.08. Entegris, Inc. has a 52-week low of $60.75 and a 52-week high of $147.57. The firm's 50 day simple moving average is $78.80 and its 200 day simple moving average is $94.67.

Entegris (NASDAQ:ENTG - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The semiconductor company reported $0.67 earnings per share (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 business had revenue of $773.20 million for the quarter, compared to analysts' expectations of $790.75 million. During the same quarter in the prior year, the firm earned $0.68 earnings per share. 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 year.

Entegris Dividend Announcement

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

Analyst Upgrades and Downgrades

ENTG has been the topic of a number of research reports. UBS Group cut their price objective on Entegris from $90.00 to $85.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Needham & Company LLC restated a "buy" rating and issued a $100.00 price objective on shares of Entegris in a report on Tuesday, May 20th. Citigroup cut their price objective on Entegris from $125.00 to $102.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Wall Street Zen downgraded Entegris from a "hold" rating to a "sell" rating in a report on Saturday, April 19th. Finally, KeyCorp cut their price objective on Entegris from $130.00 to $117.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. One 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. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $113.00.

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).