Castleark Management LLC Sells 460 Shares of Entegris, Inc. (NASDAQ:ENTG)

Castleark Management LLC reduced its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 6.3% in the 1st quarter, HoldingsChannel.com reports. The firm owned 6,790 shares of the semiconductor company’s stock after selling 460 shares during the quarter. Castleark Management LLC’s holdings in Entegris were worth $954,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Trust Co. of Vermont bought a new stake in shares of Entegris in the 4th quarter valued at about $31,000. ORG Partners LLC acquired a new position in shares of Entegris in the 1st quarter valued at approximately $33,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Entegris in the 4th quarter valued at approximately $35,000. Quent Capital LLC grew its position in shares of Entegris by 59.1% in the 4th quarter. Quent Capital LLC now owns 366 shares of the semiconductor company’s stock valued at $44,000 after purchasing an additional 136 shares during the period. Finally, Arlington Trust Co LLC acquired a new position in shares of Entegris in the 4th quarter valued at approximately $46,000.

Entegris Stock Down 5.3 %

Shares of NASDAQ ENTG traded down $6.29 during trading hours on Thursday, hitting $112.00. The company had a trading volume of 1,285,796 shares, compared to its average volume of 1,446,535. The stock has a market capitalization of $16.89 billion, a P/E ratio of 56.87, a price-to-earnings-growth ratio of 1.40 and a beta of 1.25. The company has a quick ratio of 2.02, a current ratio of 3.35 and a debt-to-equity ratio of 1.22. Entegris, Inc. has a 1-year low of $84.13 and a 1-year high of $147.57. The firm’s 50 day moving average is $133.36 and its 200-day moving average is $131.88.

Entegris (NASDAQ:ENTG) last released its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.70 by $0.01. The company had revenue of $812.60 million during the quarter, compared to the consensus estimate of $802.43 million. Entegris had a return on equity of 11.94% and a net margin of 9.31%. The firm’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.66 EPS. On average, analysts expect that Entegris, Inc. will post 3.25 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 21st. Investors of record on Wednesday, July 31st will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date is Wednesday, July 31st. Entegris’s dividend payout ratio (DPR) is presently 19.23%.

Analyst Ratings Changes

Several brokerages recently issued reports on ENTG. Needham & Company LLC reiterated a “buy” rating and issued a $150.00 price objective on shares of Entegris in a research report on Thursday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $160.00 price target on shares of Entegris in a research report on Wednesday, June 26th. Finally, Mizuho raised Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 price target for the company in a research report on Thursday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $149.80.

Insider Activity at Entegris

In related news, SVP Olivier Blachier sold 1,986 shares of the stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $133.84, for a total value of $265,806.24. Following the sale, the senior vice president now owns 12,356 shares in the company, valued at approximately $1,653,727.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Entegris news, SVP Clinton M. Haris sold 5,005 shares of the stock in a transaction on Friday, May 31st. The stock was sold at an average price of $124.74, for a total transaction of $624,323.70. Following the transaction, the senior vice president now owns 34,600 shares in the company, valued at approximately $4,316,004. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Olivier Blachier sold 1,986 shares of the stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $133.84, for a total value of $265,806.24. Following the transaction, the senior vice president now owns 12,356 shares in the company, valued at approximately $1,653,727.04. The disclosure for this sale can be found here. In the last quarter, insiders have sold 70,796 shares of company stock worth $9,870,921. Company insiders own 0.67% of the company’s stock.

Entegris Company 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).