Alpha DNA Investment Management LLC Reduces Stock Position in Entegris, Inc. (NASDAQ:ENTG)

Alpha DNA Investment Management LLC lowered its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 32.0% in the first quarter, Holdings Channel.com reports. The fund owned 5,279 shares of the semiconductor company’s stock after selling 2,487 shares during the quarter. Alpha DNA Investment Management LLC’s holdings in Entegris were worth $589,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. raised its position in Entegris by 5.6% during the 1st quarter. BlackRock Inc. now owns 12,884,049 shares of the semiconductor company’s stock valued at $1,440,437,000 after purchasing an additional 678,294 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Entegris by 2.3% during the 4th quarter. JPMorgan Chase & Co. now owns 6,712,133 shares of the semiconductor company’s stock worth $645,036,000 after buying an additional 148,293 shares during the last quarter. Select Equity Group L.P. grew its stake in Entegris by 22.3% during the 4th quarter. Select Equity Group L.P. now owns 6,386,560 shares of the semiconductor company’s stock worth $613,748,000 after buying an additional 1,163,703 shares during the last quarter. Alliancebernstein L.P. grew its stake in Entegris by 2.9% during the 1st quarter. Alliancebernstein L.P. now owns 1,489,634 shares of the semiconductor company’s stock worth $166,541,000 after buying an additional 41,381 shares during the last quarter. Finally, Norges Bank purchased a new position in Entegris during the 4th quarter worth $125,473,000. Institutional investors own 94.04% of the company’s stock.

In other Entegris news, Director Brian F. Sullivan sold 2,567 shares of the stock in a transaction that occurred on Friday, May 7th. The stock was sold at an average price of $114.51, for a total transaction of $293,947.17. Following the completion of the transaction, the director now owns 97,521 shares of the company’s stock, valued at $11,167,129.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Joseph Colella sold 1,600 shares of the stock in a transaction that occurred on Monday, April 5th. The shares were sold at an average price of $123.69, for a total value of $197,904.00. Following the transaction, the senior vice president now directly owns 25,699 shares of the company’s stock, valued at approximately $3,178,709.31. The disclosure for this sale can be found here. Insiders sold a total of 555,562 shares of company stock valued at $66,632,939 in the last ninety days. 1.30% of the stock is currently owned by insiders.

Several analysts have weighed in on ENTG shares. Zacks Investment Research upgraded Entegris from a “hold” rating to a “buy” rating and set a $129.00 price target on the stock in a research note on Tuesday, April 27th. UBS Group started coverage on Entegris in a research note on Wednesday, April 21st. They set a “neutral” rating and a $120.00 price target on the stock. Wolfe Research started coverage on Entegris in a research note on Wednesday. They set an “outperform” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Entegris from $120.00 to $125.00 and gave the company a “hold” rating in a research note on Wednesday, April 28th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Entegris has an average rating of “Buy” and an average price target of $108.73.

Shares of ENTG opened at $115.57 on Friday. Entegris, Inc. has a 52 week low of $56.16 and a 52 week high of $126.41. The company has a quick ratio of 3.33, a current ratio of 4.67 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $15.66 billion, a P/E ratio of 49.60 and a beta of 1.26. The business has a 50-day moving average of $113.58.

Entegris (NASDAQ:ENTG) last released its quarterly earnings results on Tuesday, April 27th. The semiconductor company reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.02). The business had revenue of $512.80 million during the quarter, compared to analyst estimates of $518.05 million. Entegris had a return on equity of 27.38% and a net margin of 16.26%. The business’s revenue for the quarter was up 24.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.55 EPS. Equities research analysts expect that Entegris, Inc. will post 3.19 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 19th. Investors of record on Wednesday, April 28th were issued a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, April 27th. This represents a $0.32 dividend on an annualized basis and a yield of 0.28%. Entegris’s payout ratio is 12.60%.

About Entegris

Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries in North America, Taiwan, South Korea, Japan, China, Europe, and Southeast Asia.

Featured Article: Options Trading – Understanding Strike Price

Want to see what other hedge funds are holding ENTG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Entegris, Inc. (NASDAQ:ENTG).

Institutional Ownership by Quarter for Entegris (NASDAQ:ENTG)

Receive News & Ratings for Entegris Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entegris and related companies with MarketBeat.com's FREE daily email newsletter.