Entegris, Inc. (NASDAQ:ENTG) Shares Bought by Cetera Investment Advisers

Cetera Investment Advisers increased its position in Entegris, Inc. (NASDAQ:ENTG) by 44.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,071 shares of the semiconductor company’s stock after buying an additional 9,543 shares during the quarter. Cetera Investment Advisers’ holdings in Entegris were worth $2,718,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Central Pacific Bank Trust Division grew its holdings in shares of Entegris by 125.7% during the first quarter. Central Pacific Bank Trust Division now owns 307 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 171 shares in the last quarter. Quarry LP purchased a new position in shares of Entegris during the fourth quarter valued at $28,000. Neo Ivy Capital Management purchased a new position in shares of Entegris during the fourth quarter valued at $34,000. Curat Global LLC purchased a new position in shares of Entegris during the first quarter valued at $39,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in Entegris in the first quarter valued at about $66,000.

Entegris Stock Performance

Shares of Entegris stock opened at $72.23 on Thursday. The company has a quick ratio of 1.95, a current ratio of 3.30 and a debt-to-equity ratio of 1.04. Entegris, Inc. has a twelve month low of $60.75 and a twelve month high of $119.95. The stock has a market cap of $10.95 billion, a price-to-earnings ratio of 37.23 and a beta of 1.22. The company’s fifty day moving average is $81.43 and its 200 day moving average is $86.46.

Entegris (NASDAQ:ENTG) last released its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.01. The company had revenue of $792.40 million for the quarter, compared to analysts’ expectations of $753.85 million. Entegris had a net margin of 9.17% and a return on equity of 12.05%. The business’s revenue was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.71 EPS. Sell-side analysts forecast that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 20th. Shareholders of record on Wednesday, July 30th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, July 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.6%. Entegris’s dividend payout ratio (DPR) is currently 20.62%.

Insider Activity at Entegris

In other Entegris news, SVP Clinton M. Haris sold 3,627 shares of Entegris stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $90.00, for a total transaction of $326,430.00. Following the transaction, the senior vice president owned 37,743 shares of the company’s stock, valued at $3,396,870. This trade represents a 8.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.67% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ENTG. UBS Group decreased their price target on Entegris from $95.00 to $90.00 and set a “neutral” rating for the company in a research note on Thursday, July 31st. Citigroup cut their price target on Entegris from $125.00 to $102.00 and set a “buy” rating for the company in a report on Thursday, May 8th. Mizuho increased their target price on Entegris from $90.00 to $98.00 and gave the stock an “outperform” rating in a report on Tuesday, July 15th. Needham & Company LLC restated a “buy” rating and set a $100.00 price target on shares of Entegris in a research report on Tuesday, May 20th. Finally, KeyCorp reiterated an “overweight” rating and issued a $103.00 price objective (down from $112.00) on shares of Entegris in a research report on Thursday, July 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Entegris presently has an average rating of “Moderate Buy” and a consensus price target of $106.44.

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).