Snowden Capital Advisors LLC Has $1.14 Million Stock Position in Entegris, Inc. (NASDAQ:ENTG)

Snowden Capital Advisors LLC lessened its position in Entegris, Inc. (NASDAQ:ENTG) by 1.6% in the fourth quarter, HoldingsChannel reports. The fund owned 11,490 shares of the semiconductor company’s stock after selling 181 shares during the quarter. Snowden Capital Advisors LLC’s holdings in Entegris were worth $1,138,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in ENTG. Quarry LP bought a new position in shares of Entegris in the 4th quarter worth $28,000. Proficio Capital Partners LLC bought a new position in shares of Entegris in the fourth quarter valued at $42,000. Parvin Asset Management LLC acquired a new position in shares of Entegris during the fourth quarter valued at about $69,000. Promus Capital LLC bought a new stake in shares of Entegris during the fourth quarter worth about $71,000. Finally, Smartleaf Asset Management LLC raised its holdings 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 worth $73,000 after acquiring an additional 158 shares during the last quarter.

Entegris Trading Down 0.4%

Shares of Entegris stock opened at $78.24 on Monday. The firm has a market cap of $11.85 billion, a PE ratio of 40.54, a P/E/G ratio of 1.50 and a beta of 1.33. Entegris, Inc. has a 1 year low of $60.75 and a 1 year high of $147.57. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.08 and a quick ratio of 1.86. The stock has a fifty day moving average price of $81.18 and a 200-day moving average price of $95.66.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings data on Wednesday, May 7th. The semiconductor company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.02). The company had revenue of $773.20 million during the quarter, compared to the consensus estimate of $790.75 million. Entegris had a return on equity of 12.83% and a net margin of 9.03%. The business’s revenue was up .3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.68 EPS. Equities research analysts anticipate that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 21st. Investors of record on Wednesday, April 30th will be issued a $0.10 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.51%. Entegris’s dividend payout ratio (DPR) is presently 19.61%.

Analysts Set New Price Targets

ENTG has been the subject of a number of analyst reports. StockNews.com downgraded Entegris from a “hold” rating to a “sell” rating in a research note on Saturday, April 19th. UBS Group cut their target price on Entegris from $90.00 to $85.00 and set a “neutral” rating on the stock in a research report on Thursday, May 8th. KeyCorp decreased their price target on Entegris from $130.00 to $117.00 and set an “overweight” rating for the company in a report on Thursday, May 8th. Needham & Company LLC dropped their price objective on Entegris from $120.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. Finally, Citigroup cut their price objective on shares of Entegris from $125.00 to $102.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $113.00.

Insider Activity at Entegris

In other Entegris news, 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 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 through this link. 0.67% of the stock is owned by company insiders.

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).