Raymond James Financial Services Advisors Inc. Sells 361 Shares of Entegris, Inc. (NASDAQ:ENTG)

Raymond James Financial Services Advisors Inc. lowered its position in Entegris, Inc. (NASDAQ:ENTG) by 5.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,902 shares of the semiconductor company’s stock after selling 361 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Entegris were worth $707,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ENTG. American Century Companies Inc. boosted its holdings in Entegris by 11.1% in the first quarter. American Century Companies Inc. now owns 9,715 shares of the semiconductor company’s stock worth $1,275,000 after acquiring an additional 974 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Entegris by 73.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,866 shares of the semiconductor company’s stock valued at $376,000 after purchasing an additional 1,213 shares in the last quarter. MetLife Investment Management LLC bought a new position in shares of Entegris in the first quarter valued at approximately $1,144,000. Great West Life Assurance Co. Can lifted its holdings in shares of Entegris by 43.3% in the first quarter. Great West Life Assurance Co. Can now owns 48,049 shares of the semiconductor company’s stock valued at $6,657,000 after purchasing an additional 14,527 shares in the last quarter. Finally, Vontobel Holding Ltd. lifted its holdings in shares of Entegris by 187.4% in the first 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 in the last quarter.

Analyst Ratings Changes

A number of research analysts have recently weighed in on ENTG shares. StockNews.com lowered Entegris from a “hold” rating to a “sell” rating in a report on Thursday, February 22nd. Wolfe Research assumed coverage on Entegris in a report on Friday, March 1st. They issued an “outperform” rating and a $160.00 target price on the stock. UBS Group lifted their price target on Entegris from $90.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. KeyCorp lifted their price target on Entegris from $136.00 to $164.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $150.00 price target on shares of Entegris in a report on Thursday, March 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $141.64.

Insiders Place Their Bets

In other Entegris news, CAO Michael Sauer sold 1,897 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $132.54, for a total value of $251,428.38. Following the completion of the sale, the chief accounting officer now directly owns 1,779 shares of the company’s stock, valued at $235,788.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO Michael Sauer sold 1,897 shares of Entegris stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $132.54, for a total value of $251,428.38. Following the completion of the transaction, the chief accounting officer now directly owns 1,779 shares in the company, valued at $235,788.66. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Michael Besnard sold 12,667 shares of Entegris stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $135.78, for a total value of $1,719,925.26. Following the completion of the transaction, the senior vice president now owns 10,213 shares of the company’s stock, valued at $1,386,721.14. The disclosure for this sale can be found here. Insiders sold 41,082 shares of company stock valued at $5,606,849 over the last ninety days. 0.67% of the stock is currently owned by insiders.

Entegris Stock Performance

NASDAQ:ENTG opened at $131.00 on Wednesday. The company has a debt-to-equity ratio of 1.35, a current ratio of 3.85 and a quick ratio of 2.67. The business has a fifty day simple moving average of $135.90 and a two-hundred day simple moving average of $116.60. Entegris, Inc. has a 1 year low of $69.37 and a 1 year high of $146.91. The company has a market capitalization of $19.75 billion, a P/E ratio of 110.08 and a beta of 1.32.

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