Orion Portfolio Solutions LLC Decreases Holdings in Entegris, Inc. (NASDAQ:ENTG)

Orion Portfolio Solutions LLC reduced its position in Entegris, Inc. (NASDAQ:ENTG) by 7.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 62,000 shares of the semiconductor company’s stock after selling 5,287 shares during the period. Orion Portfolio Solutions LLC’s holdings in Entegris were worth $6,142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of ENTG. Fortitude Family Office LLC boosted 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 worth $41,000 after purchasing an additional 274 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of Entegris in the 4th quarter worth approximately $42,000. Eagle Bay Advisors LLC boosted its holdings in shares of Entegris by 4,375.0% in the fourth quarter. Eagle Bay Advisors LLC now owns 716 shares of the semiconductor company’s stock worth $71,000 after buying an additional 700 shares during the last quarter. Promus Capital LLC bought a new stake in Entegris during the fourth quarter valued at approximately $71,000. Finally, Smartleaf Asset Management LLC increased its holdings in Entegris by 27.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 731 shares of the semiconductor company’s stock valued at $73,000 after buying an additional 158 shares during the last quarter.

Entegris Trading Down 4.1 %

ENTG stock opened at $88.74 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.08 and a quick ratio of 1.86. Entegris, Inc. has a 1-year low of $87.72 and a 1-year high of $147.57. The business has a 50 day simple moving average of $101.34 and a two-hundred day simple moving average of $104.19. The company has a market capitalization of $13.43 billion, a price-to-earnings ratio of 45.98, a PEG ratio of 1.50 and a beta of 1.32.

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

Entegris Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th were issued a $0.10 dividend. The ex-dividend date was Wednesday, January 29th. This represents a $0.40 annualized dividend and a dividend yield of 0.45%. Entegris’s dividend payout ratio (DPR) is 20.73%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Needham & Company LLC reiterated a “buy” rating and set a $120.00 price target on shares of Entegris in a research note on Friday, February 7th. StockNews.com cut Entegris from a “hold” rating to a “sell” rating in a research report on Monday, March 24th. Mizuho lowered their price objective on Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Finally, KeyCorp reduced their target price on shares of Entegris from $150.00 to $141.00 and set an “overweight” rating for the company in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $124.88.

Insider Buying and Selling

In other news, SVP Olivier Blachier sold 984 shares of the company’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 transaction of $106,272.00. Following the sale, the senior vice president now directly owns 10,903 shares of the company’s stock, valued at $1,177,524. This represents a 8.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Clinton M. Haris sold 12,652 shares of the 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 transaction, 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 disclosure for this sale can be found here. 0.67% of the stock is owned by company insiders.

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).