Entegris, Inc. (NASDAQ:ENTG) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC reduced its position in Entegris, Inc. (NASDAQ:ENTG) by 6.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,926 shares of the semiconductor company’s stock after selling 1,270 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Entegris were worth $1,875,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ boosted its position in shares of Entegris by 11.5% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 32,032 shares of the semiconductor company’s stock worth $3,185,000 after buying an additional 3,300 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Entegris by 74.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,448 shares of the semiconductor company’s stock valued at $143,000 after purchasing an additional 617 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in Entegris by 6.3% in the 4th quarter. Sequoia Financial Advisors LLC now owns 2,482 shares of the semiconductor company’s stock worth $246,000 after buying an additional 147 shares in the last quarter. Wealthfront Advisers LLC purchased a new position in Entegris in the 4th quarter valued at about $68,661,000. Finally, Moran Wealth Management LLC grew its stake in shares of Entegris by 5.3% during the fourth quarter. Moran Wealth Management LLC now owns 4,900 shares of the semiconductor company’s stock valued at $485,000 after acquiring an additional 246 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on ENTG shares. StockNews.com downgraded shares of Entegris from a “hold” rating to a “sell” rating in a research report on Monday, March 24th. KeyCorp reduced their price target on shares of Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th. Mizuho cut their price objective on Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $120.00 price target on shares of Entegris in a report on Friday, February 7th. One research 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. Based on data from MarketBeat, Entegris presently has an average rating of “Moderate Buy” and an average price target of $124.88.

Insider Activity

In other Entegris news, SVP Clinton M. Haris sold 12,652 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $106.92, for a total transaction of $1,352,751.84. Following the completion of the sale, the senior vice president now directly owns 34,820 shares of the company’s stock, valued at approximately $3,722,954.40. This represents a 26.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Olivier Blachier sold 984 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were 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 of the company’s stock, valued at approximately $1,177,524. This trade represents a 8.28 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.67% of the company’s stock.

Entegris Price Performance

NASDAQ ENTG opened at $88.74 on Friday. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08. The company has a 50-day moving average price of $101.34 and a two-hundred day moving average price of $104.22. The stock has a market cap of $13.43 billion, a price-to-earnings ratio of 45.98, a price-to-earnings-growth ratio of 1.50 and a beta of 1.32. Entegris, Inc. has a 52 week low of $87.72 and a 52 week high of $147.57.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.07. Entegris had a net margin of 9.03% and a return on equity of 12.83%. Analysts forecast that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend was Wednesday, January 29th. Entegris’s dividend payout ratio is presently 20.73%.

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).