Neuberger Berman Group LLC Lowers Position in Entegris, Inc. (NASDAQ:ENTG)

Neuberger Berman Group LLC lessened its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 5.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 458,457 shares of the semiconductor company’s stock after selling 26,186 shares during the period. Neuberger Berman Group LLC owned 0.30% of Entegris worth $45,414,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of ENTG. Fortitude Family Office LLC raised its position in shares of Entegris by 195.7% during the 4th quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 274 shares during the period. Promus Capital LLC purchased a new stake in Entegris in the 4th quarter worth $71,000. Eagle Bay Advisors LLC raised its holdings in Entegris by 4,375.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 716 shares of the semiconductor company’s stock valued at $71,000 after acquiring an additional 700 shares during the period. Smartleaf Asset Management LLC raised its holdings in Entegris by 27.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 731 shares of the semiconductor company’s stock valued at $73,000 after acquiring an additional 158 shares during the period. Finally, Blue Trust Inc. lifted its position in shares of Entegris by 121.3% in the fourth quarter. Blue Trust Inc. now owns 768 shares of the semiconductor company’s stock valued at $76,000 after acquiring an additional 421 shares in the last quarter.

Analyst Ratings Changes

ENTG has been the topic of several recent analyst reports. Needham & Company LLC reissued a “buy” rating and set a $120.00 target price on shares of Entegris in a research note on Friday, February 7th. Mizuho lowered their target price on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. StockNews.com cut shares of Entegris from a “hold” rating to a “sell” rating in a research note on Friday. Finally, KeyCorp reduced their price target on shares of Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. One 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 company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $124.88.

Entegris Price Performance

ENTG stock opened at $68.90 on Friday. Entegris, Inc. has a 52 week low of $60.75 and a 52 week high of $147.57. The firm has a market capitalization of $10.43 billion, a P/E ratio of 35.70, a price-to-earnings-growth ratio of 1.50 and a beta of 1.36. The company has a fifty day simple moving average of $95.11 and a two-hundred day simple moving average of $101.42. The company has a quick ratio of 1.86, a current ratio of 3.08 and a debt-to-equity ratio of 1.08.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.07. Entegris had a net margin of 9.03% and a return on equity of 12.83%. Analysts anticipate that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend was Wednesday, January 29th. Entegris’s dividend payout ratio is currently 20.73%.

Insider Activity at Entegris

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. Also, SVP Clinton M. Haris sold 12,652 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $106.92, for a total transaction of $1,352,751.84. Following the completion of the sale, the senior vice president now directly owns 34,820 shares in the company, 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. 0.67% of the stock is currently owned by 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).