Northwestern Mutual Wealth Management Co. Sells 233 Shares of Entegris, Inc. (NASDAQ:ENTG)

Northwestern Mutual Wealth Management Co. lowered its position in Entegris, Inc. (NASDAQ:ENTGGet Rating) by 14.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,398 shares of the semiconductor company’s stock after selling 233 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Entegris were worth $129,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Alera Investment Advisors LLC bought a new position in Entegris in the 1st quarter worth $650,000. Barings LLC bought a new position in Entegris in the 1st quarter worth $402,000. Principal Financial Group Inc. boosted its holdings in shares of Entegris by 7.6% during the 1st quarter. Principal Financial Group Inc. now owns 569,877 shares of the semiconductor company’s stock valued at $74,801,000 after purchasing an additional 40,104 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Entegris by 5.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 84,462 shares of the semiconductor company’s stock valued at $11,088,000 after purchasing an additional 4,510 shares during the last quarter. Finally, Private Advisor Group LLC boosted its holdings in shares of Entegris by 1.6% during the 1st quarter. Private Advisor Group LLC now owns 7,001 shares of the semiconductor company’s stock valued at $919,000 after purchasing an additional 110 shares during the last quarter. Institutional investors own 91.77% of the company’s stock.

Entegris Stock Performance

Entegris stock opened at $74.72 on Friday. The company has a debt-to-equity ratio of 1.81, a current ratio of 2.64 and a quick ratio of 1.66. Entegris, Inc. has a 1-year low of $61.75 and a 1-year high of $158.00. The firm has a market capitalization of $11.14 billion, a P/E ratio of 36.99 and a beta of 1.21. The company’s 50-day moving average is $83.67 and its 200 day moving average is $96.38.

Entegris Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 23rd. Investors of record on Wednesday, November 2nd will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend is Tuesday, November 1st. Entegris’s dividend payout ratio (DPR) is currently 19.80%.

Analyst Ratings Changes

Several research analysts have commented on ENTG shares. KeyCorp dropped their price objective on shares of Entegris from $132.00 to $95.00 and set an “overweight” rating for the company in a report on Thursday, November 3rd. Credit Suisse Group started coverage on shares of Entegris in a report on Thursday, October 6th. They set an “outperform” rating and a $108.00 price objective for the company. Seaport Res Ptn downgraded shares of Entegris from a “buy” rating to a “neutral” rating in a report on Thursday, October 13th. The Goldman Sachs Group dropped their price objective on shares of Entegris from $104.00 to $90.00 and set a “buy” rating for the company in a report on Friday, November 4th. Finally, StockNews.com initiated coverage on shares of Entegris in a report on Wednesday, October 12th. They set a “sell” rating for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $122.45.

Entegris Company Profile

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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: Specialty Chemicals and Engineered Materials (SCEM); Microcontamination Control (MC); and Advanced Materials Handling (AMH).

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Institutional Ownership by Quarter for Entegris (NASDAQ:ENTG)

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