Dark Forest Capital Management LP Lowers Stake in Entegris, Inc. (NASDAQ:ENTG)

Dark Forest Capital Management LP cut its stake in Entegris, Inc. (NASDAQ:ENTG) by 10.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,601 shares of the semiconductor company’s stock after selling 5,543 shares during the period. Entegris makes up about 0.7% of Dark Forest Capital Management LP’s portfolio, making the stock its 9th biggest holding. Dark Forest Capital Management LP’s holdings in Entegris were worth $4,616,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently modified their holdings of the stock. Hsbc Holdings PLC boosted its position in shares of Entegris by 146.7% during the 4th quarter. Hsbc Holdings PLC now owns 91,985 shares of the semiconductor company’s stock worth $9,096,000 after acquiring an additional 54,703 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Entegris by 26.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 26,173 shares of the semiconductor company’s stock valued at $2,593,000 after purchasing an additional 5,398 shares in the last quarter. Transce3nd LLC bought a new position in shares of Entegris in the 4th quarter valued at $188,000. MML Investors Services LLC increased its stake in shares of Entegris by 0.6% in the 4th quarter. MML Investors Services LLC now owns 84,560 shares of the semiconductor company’s stock valued at $8,376,000 after purchasing an additional 496 shares during the last quarter. Finally, Mesirow Institutional Investment Management Inc. raised its holdings in shares of Entegris by 36.0% during the 4th quarter. Mesirow Institutional Investment Management Inc. now owns 33,488 shares of the semiconductor company’s stock worth $3,317,000 after buying an additional 8,870 shares in the last quarter.

Insider Buying and Selling at Entegris

In related news, SVP Olivier Blachier sold 984 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $108.00, for a total transaction of $106,272.00. Following the transaction, the senior vice president now directly owns 10,903 shares in the company, valued at approximately $1,177,524. The trade was a 8.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Clinton M. Haris sold 12,652 shares of the stock in a transaction dated 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 completion of the sale, the senior vice president now owns 34,820 shares of the company’s stock, valued at approximately $3,722,954.40. This trade represents a 26.65 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.67% of the company’s stock.

Entegris Stock Performance

ENTG opened at $69.33 on Wednesday. The company has a market cap of $10.49 billion, a price-to-earnings ratio of 35.92, a PEG ratio of 1.50 and a beta of 1.36. The company’s fifty day moving average price is $89.24 and its two-hundred day moving average price is $99.03. Entegris, Inc. has a 1-year low of $60.75 and a 1-year high of $147.57. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08.

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

Entegris Dividend Announcement

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 given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date is Wednesday, April 30th. Entegris’s payout ratio is currently 20.73%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. KeyCorp lowered their target price on Entegris from $141.00 to $130.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. StockNews.com cut shares of Entegris from a “hold” rating to a “sell” rating in a research note on Saturday. Mizuho lowered their price target on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Finally, Needham & Company LLC restated a “buy” rating and set a $120.00 price objective on shares of Entegris in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $123.50.

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).