Commonwealth Equity Services LLC Has $1.88 Million Stake in Entegris, Inc. (NASDAQ:ENTG)

Commonwealth Equity Services LLC reduced its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 6.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. 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 SEC.

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

Insider Activity at Entegris

In other news, 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 transaction, the senior vice president now directly owns 10,903 shares in the company, valued at approximately $1,177,524. This represents a 8.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Clinton M. Haris sold 12,652 shares of the firm’s stock in a transaction that occurred on 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 position. The disclosure for this sale can be found here. Insiders own 0.67% of the company’s stock.

Entegris Trading Down 4.1 %

Shares of ENTG stock opened at $88.74 on Friday. The stock has a market cap of $13.43 billion, a price-to-earnings ratio of 45.98, a P/E/G ratio of 1.50 and a beta of 1.32. The firm has a fifty day moving average of $101.34 and a 200-day moving average of $104.22. Entegris, Inc. has a 52-week low of $87.72 and a 52-week high of $147.57. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.86 and a current ratio of 3.08.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.84 EPS for the quarter, beating 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%. On average, equities research analysts forecast that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a yield of 0.45%. Entegris’s dividend payout ratio (DPR) is presently 20.73%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on ENTG shares. Mizuho decreased their price objective on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Needham & Company LLC reiterated a “buy” rating and set a $120.00 price target on shares of Entegris in a report on Friday, February 7th. KeyCorp dropped 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. Finally, StockNews.com downgraded shares of Entegris from a “hold” rating to a “sell” rating in a report on Monday, March 24th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $124.88.

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).