Allworth Financial LP Sells 191 Shares of Entegris, Inc. (NASDAQ:ENTG)

Allworth Financial LP trimmed its holdings in Entegris, Inc. (NASDAQ:ENTG) by 24.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 599 shares of the semiconductor company’s stock after selling 191 shares during the period. Allworth Financial LP’s holdings in Entegris were worth $48,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in ENTG. Nisa Investment Advisors LLC lifted its holdings in shares of Entegris by 3,951.6% in the first quarter. Nisa Investment Advisors LLC now owns 76,980 shares of the semiconductor company’s stock worth $6,734,000 after buying an additional 75,080 shares in the last quarter. New Mexico Educational Retirement Board bought a new stake in Entegris in the 1st quarter valued at $2,703,000. Linden Thomas Advisory Services LLC lifted its stake in Entegris by 2.9% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 13,395 shares of the semiconductor company’s stock worth $1,172,000 after purchasing an additional 383 shares in the last quarter. Personal CFO Solutions LLC boosted its holdings in shares of Entegris by 6.0% during the 1st quarter. Personal CFO Solutions LLC now owns 2,466 shares of the semiconductor company’s stock valued at $216,000 after purchasing an additional 140 shares during the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new position in shares of Entegris during the first quarter valued at about $630,000.

Analysts Set New Price Targets

A number of brokerages recently commented on ENTG. Citigroup dropped their price target on Entegris from $125.00 to $102.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. KeyCorp lowered their target price on Entegris from $117.00 to $112.00 and set an “overweight” rating for the company in a research report on Monday, July 14th. UBS Group cut their target price on shares of Entegris from $90.00 to $85.00 and set a “neutral” rating for the company in a report on Thursday, May 8th. The Goldman Sachs Group assumed coverage on shares of Entegris in a research note on Thursday, July 10th. They issued a “neutral” rating and a $85.00 price objective for the company. Finally, Needham & Company LLC restated a “buy” rating and set a $100.00 target price on shares of Entegris in a research report on Tuesday, May 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $106.89.

Entegris Trading Up 0.5%

Shares of ENTG opened at $90.75 on Friday. The company’s fifty day simple moving average is $79.39 and its 200-day simple moving average is $87.93. The company has a market cap of $13.74 billion, a P/E ratio of 44.49, a P/E/G ratio of 2.02 and a beta of 1.27. The company has a current ratio of 3.26, a quick ratio of 1.95 and a debt-to-equity ratio of 1.06. Entegris, Inc. has a twelve month low of $60.75 and a twelve month high of $133.79.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings results on Wednesday, May 7th. The semiconductor company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.02). Entegris had a net margin of 9.57% and a return on equity of 12.48%. The firm had revenue of $773.20 million for the quarter, compared to the consensus estimate of $790.75 million. During the same quarter in the previous year, the company posted $0.68 earnings per share. The business’s revenue for the quarter was up .3% on a year-over-year basis. As a group, analysts expect that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 20th. Investors of record on Wednesday, July 30th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend is Wednesday, July 30th. Entegris’s dividend payout ratio is currently 19.61%.

About Entegris

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).