Advisory Services Network LLC Decreases Holdings in Entegris, Inc. (NASDAQ:ENTG)

Advisory Services Network LLC trimmed its stake in Entegris, Inc. (NASDAQ:ENTGFree Report) by 5.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,349 shares of the semiconductor company’s stock after selling 127 shares during the quarter. Advisory Services Network LLC’s holdings in Entegris were worth $282,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of ENTG. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Entegris in the fourth quarter valued at approximately $35,000. Quent Capital LLC grew its holdings in Entegris by 59.1% during the fourth 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. Arlington Trust Co LLC bought a new position in Entegris during the fourth quarter valued at $46,000. VisionPoint Advisory Group LLC bought a new position in Entegris during the fourth quarter valued at $66,000. Finally, Manchester Capital Management LLC grew its holdings in Entegris by 19.1% during the fourth quarter. Manchester Capital Management LLC now owns 599 shares of the semiconductor company’s stock valued at $72,000 after purchasing an additional 96 shares during the period.

Analyst Upgrades and Downgrades

ENTG has been the subject of several research reports. UBS Group increased their price objective on Entegris from $90.00 to $130.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. Needham & Company LLC reissued a “buy” rating and set a $150.00 price objective on shares of Entegris in a report on Monday, May 13th. BMO Capital Markets raised their price target on Entegris from $130.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. Wolfe Research assumed coverage on Entegris in a report on Friday, March 1st. They issued an “outperform” rating and a $160.00 price target for the company. Finally, KeyCorp raised 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $148.67.

View Our Latest Analysis on Entegris

Entegris Price Performance

NASDAQ:ENTG opened at $126.39 on Wednesday. The stock has a fifty day moving average of $131.96 and a 200 day moving average of $125.50. Entegris, Inc. has a 52-week low of $84.13 and a 52-week high of $146.91. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.02 and a current ratio of 3.35. The firm has a market capitalization of $19.06 billion, a price-to-earnings ratio of 60.76 and a beta of 1.24.

Entegris (NASDAQ:ENTGGet Free Report) last released its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.07. Entegris had a return on equity of 11.94% and a net margin of 9.31%. The business had revenue of $771.03 million for the quarter, compared to the consensus estimate of $769.24 million. During the same quarter last year, the business posted $0.65 earnings per share. The company’s revenue for the quarter was down 16.4% on a year-over-year basis. On average, research analysts expect that Entegris, Inc. will post 3.25 EPS for the current fiscal year.

Entegris Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 1st were given a dividend of $0.10 per share. The ex-dividend date was Tuesday, April 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.32%. Entegris’s payout ratio is 19.23%.

Insider Buying and Selling at Entegris

In other Entegris news, SVP Olivier Blachier sold 1,986 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $133.84, for a total transaction of $265,806.24. Following the sale, the senior vice president now owns 12,356 shares in the company, valued at $1,653,727.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Clinton M. Haris sold 5,005 shares of Entegris stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $124.74, for a total value of $624,323.70. Following the transaction, the senior vice president now owns 34,600 shares in the company, valued at $4,316,004. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Olivier Blachier sold 1,986 shares of Entegris stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $133.84, for a total value of $265,806.24. Following the completion of 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. Insiders have sold 13,752 shares of company stock worth $1,792,723 over the last 90 days. Corporate insiders own 0.67% of the company’s stock.

Entegris Profile

(Free Report)

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).

Further Reading

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Institutional Ownership by Quarter for Entegris (NASDAQ:ENTG)

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