Entegris, Inc. (NASDAQ:ENTG) Stock Position Trimmed by Mariner LLC

Mariner LLC lessened its stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 10.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,960 shares of the semiconductor company's stock after selling 4,080 shares during the quarter. Mariner LLC's holdings in Entegris were worth $3,364,000 at the end of the most recent quarter.

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

Entegris Stock Up 1.3 %

NASDAQ:ENTG traded up $1.02 during mid-day trading on Friday, reaching $80.73. The stock had a trading volume of 2,787,961 shares, compared to its average volume of 2,330,251. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.08 and a quick ratio of 1.86. The company has a market capitalization of $12.22 billion, a price-to-earnings ratio of 41.83, a price-to-earnings-growth ratio of 1.50 and a beta of 1.36. Entegris, Inc. has a 1-year low of $60.75 and a 1-year high of $147.57. The stock's 50 day simple moving average is $87.46 and its two-hundred day simple moving average is $98.43.

Entegris (NASDAQ:ENTG - Get Free Report) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.77 by $0.07. Entegris had a return on equity of 12.83% and a net margin of 9.03%. Equities analysts anticipate that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Dividend Announcement

The firm 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 0.50%. Entegris's payout ratio is currently 20.73%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. KeyCorp decreased their target price on Entegris from $141.00 to $130.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Needham & Company LLC reaffirmed a "buy" rating and issued a $120.00 price objective on shares of Entegris in a research report on Friday, February 7th. Mizuho dropped their price objective on shares of Entegris from $125.00 to $120.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. Finally, StockNews.com downgraded shares of 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 given a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $123.50.

Insider Activity

In other Entegris news, SVP Olivier Blachier sold 984 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $108.00, for a total value of $106,272.00. Following the transaction, the senior vice president now owns 10,903 shares of the company's stock, valued at $1,177,524. This trade represents a 8.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Clinton M. Haris sold 12,652 shares of the company's stock in a transaction that occurred on 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 transaction, the senior vice president now directly owns 34,820 shares of the company's stock, valued at $3,722,954.40. This trade represents a 26.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.61% of the company's stock.

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).