Pier 88 Investment Partners LLC Has $477,000 Stock Position in Entegris, Inc. (NASDAQ:ENTG)

Pier 88 Investment Partners LLC cut its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 38.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,820 shares of the semiconductor company’s stock after selling 3,050 shares during the period. Pier 88 Investment Partners LLC’s holdings in Entegris were worth $477,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Fortitude Family Office LLC lifted 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 worth $41,000 after buying an additional 274 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Entegris during the fourth quarter worth about $42,000. Eagle Bay Advisors LLC lifted its holdings in shares of Entegris by 4,375.0% in the fourth quarter. Eagle Bay Advisors LLC now owns 716 shares of the semiconductor company’s stock worth $71,000 after acquiring an additional 700 shares during the last quarter. Promus Capital LLC acquired a new stake in shares of Entegris in the 4th quarter valued at approximately $71,000. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Entegris by 27.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 731 shares of the semiconductor company’s stock valued at $73,000 after purchasing an additional 158 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ENTG. Needham & Company LLC reissued a “buy” rating and issued a $120.00 price objective on shares of Entegris in a research note on Friday, February 7th. StockNews.com cut Entegris from a “hold” rating to a “sell” rating in a research note on Monday, March 24th. KeyCorp reduced their price objective on Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th. Finally, Mizuho cut their price target on Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $124.88.

Entegris Trading Down 4.1 %

Shares of ENTG stock opened at $88.74 on Monday. Entegris, Inc. has a 1-year low of $87.01 and a 1-year high of $147.57. 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 stock has a market cap of $13.43 billion, a price-to-earnings ratio of 45.98, a PEG ratio of 1.50 and a beta of 1.32. The stock has a 50-day moving average of $101.34 and a 200-day moving average of $104.15.

Entegris (NASDAQ:ENTG) last released its earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share 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%. On average, equities research analysts forecast that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, January 29th. This represents a $0.40 dividend on an annualized basis and a yield of 0.45%. Entegris’s dividend payout ratio (DPR) is currently 20.73%.

Insiders Place Their Bets

In related news, SVP Clinton M. Haris sold 12,652 shares of the firm’s stock in a transaction that occurred on 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 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Olivier Blachier sold 984 shares of the firm’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 transaction of $106,272.00. Following the sale, the senior vice president now directly owns 10,903 shares of the company’s stock, valued at approximately $1,177,524. This trade represents a 8.28 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.67% of the company’s stock.

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).