Hood River Capital Management LLC Sells 15,383 Shares of Entegris, Inc. (NASDAQ:ENTG)

Hood River Capital Management LLC cut its stake in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 29.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 37,648 shares of the semiconductor company's stock after selling 15,383 shares during the period. Hood River Capital Management LLC's holdings in Entegris were worth $3,729,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in ENTG. Fortitude Family Office LLC boosted its stake in Entegris by 195.7% during the fourth quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company's stock worth $41,000 after buying an additional 274 shares during the period. Promus Capital LLC purchased a new position in Entegris during the fourth quarter worth about $71,000. Eagle Bay Advisors LLC lifted its position in shares of Entegris by 4,375.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 716 shares of the semiconductor company's stock worth $71,000 after purchasing an additional 700 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Entegris by 27.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 731 shares of the semiconductor company's stock worth $73,000 after purchasing an additional 158 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Entegris by 121.3% during the fourth quarter. Blue Trust Inc. now owns 768 shares of the semiconductor company's stock worth $76,000 after purchasing an additional 421 shares in the last quarter.

Analyst Ratings Changes

ENTG has been the topic of several research reports. KeyCorp reduced their price target on shares of Entegris from $141.00 to $130.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Mizuho lowered their target price on shares of Entegris from $125.00 to $120.00 and set an "outperform" rating for the company in a research note on Tuesday, January 7th. Needham & Company LLC reiterated a "buy" rating and set a $120.00 target price on shares of Entegris in a research note on Friday, February 7th. UBS Group reduced their price target on shares of Entegris from $115.00 to $90.00 and set a "neutral" rating for the company in a research report on Tuesday. Finally, StockNews.com cut shares of Entegris from a "hold" rating to a "sell" rating in a report on Saturday, April 19th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Entegris presently has an average rating of "Moderate Buy" and an average price target of $120.38.

Insider Activity

In other Entegris news, SVP Olivier Blachier sold 984 shares of the business's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $108.00, for a total transaction of $106,272.00. Following the sale, the senior vice president now owns 10,903 shares in the company, valued at approximately $1,177,524. The trade was a 8.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Clinton M. Haris sold 12,652 shares of the company's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $106.92, for a total value of $1,352,751.84. Following the completion of the transaction, the senior vice president now owns 34,820 shares in the company, valued at $3,722,954.40. This represents a 26.65 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company's stock.

Entegris Trading Down 0.4 %

Entegris stock traded down $0.36 during trading on Tuesday, hitting $79.49. The company's stock had a trading volume of 270,553 shares, compared to its average volume of 2,327,008. The stock has a market capitalization of $12.03 billion, a price-to-earnings ratio of 40.98, a P/E/G ratio of 1.50 and a beta of 1.36. The stock's fifty day moving average is $86.90 and its 200 day moving average is $98.08. Entegris, Inc. has a 1-year low of $60.75 and a 1-year high of $147.57. 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 (NASDAQ:ENTG - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.77 by $0.07. Entegris had a return on equity of 12.83% and a net margin of 9.03%. As a group, equities research analysts predict that Entegris, Inc. will post 3.51 EPS for the current 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 dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date is Wednesday, April 30th. Entegris's payout ratio is 20.73%.

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).