Oppenheimer Asset Management Inc. Has $6.91 Million Position in Entegris, Inc. (NASDAQ:ENTG)

Oppenheimer Asset Management Inc. reduced its stake in Entegris, Inc. (NASDAQ:ENTG) by 5.0% during the 4th quarter, HoldingsChannel reports. The fund owned 69,765 shares of the semiconductor company’s stock after selling 3,677 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Entegris were worth $6,911,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of ENTG. Mountaineer Partners Management LLC grew its holdings in shares of Entegris by 16,255.1% in the 3rd quarter. Mountaineer Partners Management LLC now owns 11,044,594 shares of the semiconductor company’s stock valued at $1,242,848,000 after acquiring an additional 10,977,064 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Entegris by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,537,948 shares of the semiconductor company’s stock valued at $284,941,000 after purchasing an additional 49,846 shares during the last quarter. Swedbank AB boosted its holdings in shares of Entegris by 47.7% during the 4th quarter. Swedbank AB now owns 1,550,942 shares of the semiconductor company’s stock worth $153,636,000 after buying an additional 500,581 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of Entegris by 0.9% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,503,656 shares of the semiconductor company’s stock valued at $169,206,000 after purchasing an additional 12,913 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in Entegris by 8.2% during the 4th quarter. Principal Financial Group Inc. now owns 1,493,201 shares of the semiconductor company’s stock worth $147,917,000 after buying an additional 113,238 shares during the period.

Insider Buying and Selling

In other 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 value of $106,272.00. Following the completion of the transaction, the senior vice president now owns 10,903 shares in the company, valued at $1,177,524. This trade represents a 8.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Clinton M. Haris sold 12,652 shares of the business’s stock in a transaction on Monday, February 10th. The shares were 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 directly owns 34,820 shares in the company, valued at $3,722,954.40. The trade was a 26.65 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by corporate insiders.

Entegris Trading Up 3.8 %

NASDAQ ENTG opened at $101.22 on Friday. The business has a 50 day moving average price of $102.89 and a 200-day moving average price of $106.26. Entegris, Inc. has a 52 week low of $94.92 and a 52 week high of $147.57. The company has a quick ratio of 1.86, a current ratio of 3.08 and a debt-to-equity ratio of 1.08. The company has a market cap of $15.30 billion, a price-to-earnings ratio of 52.45, a P/E/G ratio of 1.50 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last released its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, beating 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%. As a group, equities analysts expect that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The company also recently disclosed 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 was Wednesday, January 29th. This represents a $0.40 annualized dividend and a yield of 0.40%. Entegris’s dividend payout ratio (DPR) is 20.73%.

Analysts Set New Price Targets

ENTG has been the topic of a number of recent research reports. Mizuho lowered their price objective 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 downgraded shares of Entegris from a “hold” rating to a “sell” rating in a report on Thursday. BMO Capital Markets dropped their price objective on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. Citigroup cut their target price on Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Finally, UBS Group decreased their price objective on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $128.78.

About Entegris

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).