Sterling Capital Management LLC Has $241,000 Position in Entegris, Inc. (NASDAQ:ENTG)

Sterling Capital Management LLC cut its holdings in Entegris, Inc. (NASDAQ:ENTG) by 11.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,434 shares of the semiconductor company’s stock after selling 312 shares during the quarter. Sterling Capital Management LLC’s holdings in Entegris were worth $241,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Fortitude Family Office LLC boosted its holdings in shares of 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 buying an additional 274 shares during the period. Promus Capital LLC acquired a new position in Entegris in the 4th quarter worth $71,000. Eagle Bay Advisors LLC raised its stake in shares of Entegris by 4,375.0% in the 4th quarter. Eagle Bay Advisors LLC now owns 716 shares of the semiconductor company’s stock valued at $71,000 after purchasing an additional 700 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of Entegris by 27.6% in 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 period. Finally, Blue Trust Inc. boosted its position 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 buying an additional 421 shares during the period.

Entegris Stock Performance

NASDAQ ENTG opened at $68.73 on Monday. The stock has a market cap of $10.40 billion, a PE ratio of 35.61, a P/E/G ratio of 1.50 and a beta of 1.36. 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 firm has a 50-day moving average of $90.83 and a 200-day moving average of $99.55. Entegris, Inc. has a 52-week low of $60.75 and a 52-week high of $147.57.

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

Entegris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Wednesday, April 30th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend is Wednesday, April 30th. Entegris’s dividend payout ratio is currently 20.73%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ENTG. Mizuho lowered their price objective 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. KeyCorp lowered their price target on shares of Entegris from $141.00 to $130.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. Needham & Company LLC restated a “buy” rating and set a $120.00 price objective on shares of Entegris in a research note on Friday, February 7th. Finally, StockNews.com downgraded Entegris from a “hold” rating to a “sell” rating in a research report on Saturday. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Entegris currently has an average rating of “Moderate Buy” and an average target price of $123.50.

Insider Buying and Selling at Entegris

In related news, SVP Clinton M. Haris sold 12,652 shares of the 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 sale, the senior vice president now owns 34,820 shares of the company’s stock, valued at $3,722,954.40. This represents a 26.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Olivier Blachier sold 984 shares of the firm’s stock in a transaction 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 transaction, the senior vice president now owns 10,903 shares in the company, 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. Insiders own 0.67% of the company’s stock.

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).