Sciencast Management LP Sells 19,848 Shares of Entegris, Inc. (NASDAQ:ENTG)

Sciencast Management LP trimmed its stake in Entegris, Inc. (NASDAQ:ENTG) by 81.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,400 shares of the semiconductor company’s stock after selling 19,848 shares during the period. Sciencast Management LP’s holdings in Entegris were worth $436,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Fortitude Family Office LLC grew its position in Entegris by 195.7% in the fourth quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 274 shares during the period. Promus Capital LLC bought a new stake in shares of Entegris during the fourth quarter worth $71,000. Eagle Bay Advisors LLC grew its holdings 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 during the last quarter. Smartleaf Asset Management LLC grew its holdings 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 during the last quarter. Finally, Blue Trust Inc. grew its holdings 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 during the last quarter.

Insider Buying and Selling at Entegris

In other news, 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 value of $106,272.00. Following the completion of the sale, the senior vice president now directly 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Clinton M. Haris sold 12,652 shares of the firm’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 completion of the sale, the senior vice president now directly owns 34,820 shares of the company’s stock, valued at approximately $3,722,954.40. The trade was a 26.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

ENTG has been the topic of several research analyst reports. Needham & Company LLC restated a “buy” rating and set a $120.00 target price on shares of Entegris in a report on Friday, February 7th. 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. StockNews.com raised Entegris from a “sell” rating to a “hold” rating in a research note on Thursday, March 13th. Finally, KeyCorp cut their price target on Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a research note on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Entegris has an average rating of “Moderate Buy” and an average target price of $124.88.

Entegris Stock Down 2.7 %

NASDAQ:ENTG opened at $96.35 on Friday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.86 and a current ratio of 3.08. The company has a market cap of $14.56 billion, a PE ratio of 49.92, a PEG ratio of 1.50 and a beta of 1.32. Entegris, Inc. has a 52-week low of $92.84 and a 52-week high of $147.57. The stock has a 50-day simple moving average of $102.24 and a 200 day simple moving average of $104.70.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, topping 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%. On average, sell-side analysts expect that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th were paid a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $0.40 dividend on an annualized basis and a yield of 0.42%. Entegris’s dividend payout ratio is 20.73%.

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).