Sequoia Financial Advisors LLC Grows Stock Holdings in Entegris, Inc. (NASDAQ:ENTG)

Sequoia Financial Advisors LLC increased its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 6.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,482 shares of the semiconductor company’s stock after buying an additional 147 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Entegris were worth $246,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ENTG. Fortitude Family Office LLC grew its holdings in shares of Entegris by 195.7% during the fourth quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock worth $41,000 after buying an additional 274 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Entegris during the fourth quarter worth about $42,000. Eagle Bay Advisors LLC grew its holdings in shares of Entegris by 4,375.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 716 shares of the semiconductor company’s stock worth $71,000 after buying an additional 700 shares during the last quarter. Promus Capital LLC purchased a new stake in Entegris in the 4th quarter valued at approximately $71,000. Finally, Smartleaf Asset Management LLC boosted its holdings in Entegris by 27.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 731 shares of the semiconductor company’s stock valued at $73,000 after purchasing an additional 158 shares in the last quarter.

Entegris Price Performance

ENTG stock opened at $100.37 on Thursday. The firm has a 50 day moving average of $102.30 and a 200-day moving average of $104.90. Entegris, Inc. has a 12-month low of $92.84 and a 12-month high of $147.57. 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 market cap of $15.17 billion, a price-to-earnings ratio of 52.01, a PEG ratio of 1.50 and a beta of 1.32.

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

Entegris Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $0.40 annualized dividend and a dividend yield of 0.40%. Entegris’s dividend payout ratio is currently 20.73%.

Analyst Ratings Changes

A number of brokerages have weighed in on ENTG. StockNews.com raised Entegris from a “sell” rating to a “hold” rating in a report on Thursday, March 13th. KeyCorp lowered their price objective on Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 price objective on shares of Entegris in a report on Friday, February 7th. Finally, Mizuho lowered their price objective on Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $124.88.

Insider Buying and Selling

In other Entegris news, SVP Clinton M. Haris sold 12,652 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $106.92, for a total value of $1,352,751.84. Following the completion of the transaction, the senior vice president now directly owns 34,820 shares in the company, valued at approximately $3,722,954.40. The trade was a 26.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Olivier Blachier sold 984 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $108.00, for a total value of $106,272.00. Following the completion of the transaction, the senior vice president now owns 10,903 shares of the company’s stock, valued at $1,177,524. This trade represents a 8.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.67% of the company’s stock.

Entegris 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).