Cetera Investment Advisers Decreases Position in Entegris, Inc. (NASDAQ:ENTG)

Cetera Investment Advisers cut its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 3.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,528 shares of the semiconductor company’s stock after selling 768 shares during the period. Cetera Investment Advisers’ holdings in Entegris were worth $2,133,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ENTG. Bridgefront Capital LLC bought a new position in shares of Entegris during the fourth quarter valued at approximately $211,000. Captrust Financial Advisors grew its stake in shares of Entegris by 16.4% during the fourth quarter. Captrust Financial Advisors now owns 22,399 shares of the semiconductor company’s stock valued at $2,219,000 after buying an additional 3,156 shares during the last quarter. Brown Advisory Inc. grew its stake in shares of Entegris by 16.1% during the fourth quarter. Brown Advisory Inc. now owns 1,044,975 shares of the semiconductor company’s stock valued at $103,515,000 after buying an additional 144,620 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of Entegris by 25.2% during the fourth quarter. BNP Paribas Financial Markets now owns 220,365 shares of the semiconductor company’s stock valued at $21,829,000 after buying an additional 44,292 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of Entegris by 16.5% during the fourth quarter. Ameriprise Financial Inc. now owns 2,199,161 shares of the semiconductor company’s stock valued at $217,850,000 after buying an additional 312,042 shares during the last quarter.

Insider Activity

In other news, SVP Olivier Blachier sold 984 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $108.00, for a total transaction of $106,272.00. Following the completion of the sale, the senior vice president now owns 10,903 shares in the company, valued at approximately $1,177,524. This represents a 8.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.67% of the company’s stock.

Entegris Stock Down 0.4%

Entegris stock opened at $78.24 on Monday. The business has a fifty day moving average of $81.18 and a two-hundred day moving average of $95.66. The company has a quick ratio of 1.86, a current ratio of 3.08 and a debt-to-equity ratio of 1.08. The firm has a market cap of $11.85 billion, a P/E ratio of 40.54, a P/E/G ratio of 1.50 and a beta of 1.33. Entegris, Inc. has a twelve month low of $60.75 and a twelve month high of $147.57.

Entegris (NASDAQ:ENTG) last posted its earnings results on Wednesday, May 7th. The semiconductor company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.02). The company had revenue of $773.20 million for the quarter, compared to analysts’ expectations of $790.75 million. Entegris had a return on equity of 12.83% and a net margin of 9.03%. The firm’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.68 EPS. On average, analysts forecast that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Wednesday, April 30th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.51%. Entegris’s dividend payout ratio is presently 19.61%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ENTG shares. Needham & Company LLC cut their target price on Entegris from $120.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. StockNews.com cut Entegris from a “hold” rating to a “sell” rating in a research note on Saturday, April 19th. KeyCorp dropped their price objective on Entegris from $130.00 to $117.00 and set an “overweight” rating on the stock in a research note on Thursday, May 8th. Citigroup dropped their price objective on Entegris from $125.00 to $102.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. Finally, UBS Group dropped their price objective on Entegris from $90.00 to $85.00 and set a “neutral” rating on the stock in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $113.00.

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).