4,188 Shares in Entegris, Inc. (NASDAQ:ENTG) Acquired by NewEdge Wealth LLC

NewEdge Wealth LLC acquired a new stake in Entegris, Inc. (NASDAQ:ENTG) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 4,188 shares of the semiconductor company’s stock, valued at approximately $502,000.

Other large investors have also modified their holdings of the company. American Century Companies Inc. raised its holdings in shares of Entegris by 11.1% in the first quarter. American Century Companies Inc. now owns 9,715 shares of the semiconductor company’s stock valued at $1,275,000 after buying an additional 974 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in Entegris by 73.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,866 shares of the semiconductor company’s stock valued at $376,000 after acquiring an additional 1,213 shares during the last quarter. MetLife Investment Management LLC acquired a new stake in Entegris during the 1st quarter worth approximately $1,144,000. Great West Life Assurance Co. Can lifted its position in Entegris by 43.3% during the 1st quarter. Great West Life Assurance Co. Can now owns 48,049 shares of the semiconductor company’s stock worth $6,657,000 after acquiring an additional 14,527 shares during the period. Finally, Vontobel Holding Ltd. grew its stake in shares of Entegris by 187.4% in the 1st quarter. Vontobel Holding Ltd. now owns 7,653 shares of the semiconductor company’s stock valued at $1,037,000 after purchasing an additional 4,990 shares during the last quarter.

Insider Activity at Entegris

In other news, CAO Michael Sauer sold 1,897 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $132.54, for a total transaction of $251,428.38. Following the completion of the transaction, the chief accounting officer now directly owns 1,779 shares of the company’s stock, valued at approximately $235,788.66. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Entegris news, insider Daniel D. Woodland sold 9,000 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $139.50, for a total value of $1,255,500.00. Following the transaction, the insider now directly owns 32,730 shares in the company, valued at approximately $4,565,835. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Michael Sauer sold 1,897 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $132.54, for a total transaction of $251,428.38. Following the sale, the chief accounting officer now directly owns 1,779 shares in the company, valued at $235,788.66. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,082 shares of company stock valued at $5,606,849. Insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

ENTG has been the subject of several analyst reports. StockNews.com cut Entegris from a “hold” rating to a “sell” rating in a research note on Thursday, February 22nd. Craig Hallum upgraded shares of Entegris from a “hold” rating to a “buy” rating and set a $150.00 target price for the company in a research note on Thursday, February 15th. Wolfe Research started coverage on shares of Entegris in a report on Friday, March 1st. They issued an “outperform” rating and a $160.00 target price on the stock. BMO Capital Markets increased their price target on shares of Entegris from $130.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. Finally, Mizuho reaffirmed a “neutral” rating and issued a $140.00 price objective on shares of Entegris in a report on Tuesday, February 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Entegris has an average rating of “Moderate Buy” and an average price target of $141.64.

Entegris Price Performance

ENTG stock opened at $131.00 on Wednesday. The company has a market cap of $19.75 billion, a price-to-earnings ratio of 110.08 and a beta of 1.32. The company has a current ratio of 3.85, a quick ratio of 2.67 and a debt-to-equity ratio of 1.35. The firm has a 50 day moving average of $135.90 and a 200-day moving average of $116.60. Entegris, Inc. has a 12-month low of $69.37 and a 12-month high of $146.91.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings data on Tuesday, February 13th. The semiconductor company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.06. The firm had revenue of $812.30 million during the quarter, compared to analysts’ expectations of $780.95 million. Entegris had a return on equity of 12.00% and a net margin of 5.13%. Entegris’s revenue was down 14.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.83 earnings per share. As a group, equities analysts expect that Entegris, Inc. will post 3.31 EPS for the current fiscal year.

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).