Wealth Enhancement Advisory Services LLC Trims Stock Position in Entegris, Inc. (NASDAQ:ENTG)

Wealth Enhancement Advisory Services LLC cut its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 28.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,188 shares of the semiconductor company’s stock after selling 2,408 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Entegris were worth $541,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Simon Quick Advisors LLC lifted its position in Entegris by 28.1% during the first quarter. Simon Quick Advisors LLC now owns 6,079 shares of the semiconductor company’s stock worth $532,000 after buying an additional 1,334 shares during the period. Sarasin & Partners LLP purchased a new position in Entegris during the first quarter worth about $1,544,000. SG Americas Securities LLC purchased a new position in Entegris during the first quarter worth about $805,000. GAMMA Investing LLC lifted its position in Entegris by 80.5% during the first quarter. GAMMA Investing LLC now owns 3,210 shares of the semiconductor company’s stock worth $281,000 after buying an additional 1,432 shares during the period. Finally, Yousif Capital Management LLC purchased a new position in Entegris during the first quarter worth about $4,577,000.

Entegris Stock Performance

Shares of NASDAQ:ENTG opened at $86.62 on Friday. The firm has a market capitalization of $13.11 billion, a PE ratio of 42.46, a P/E/G ratio of 1.94 and a beta of 1.27. The company has a debt-to-equity ratio of 1.06, a current ratio of 3.26 and a quick ratio of 1.95. The business has a 50-day moving average of $77.88 and a two-hundred day moving average of $88.87. Entegris, Inc. has a 12 month low of $60.75 and a 12 month high of $147.57.

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

Entegris Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Wednesday, April 30th were paid a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.46%. Entegris’s dividend payout ratio (DPR) is currently 19.61%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on ENTG shares. Citigroup reduced their target price on Entegris from $125.00 to $102.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. KeyCorp dropped their price target on Entegris from $130.00 to $117.00 and set an “overweight” rating for the company in a research note on Thursday, May 8th. Needham & Company LLC restated a “buy” rating and set a $100.00 price target on shares of Entegris in a research note on Tuesday, May 20th. Wall Street Zen lowered Entegris from a “hold” rating to a “sell” rating in a research note on Saturday, April 19th. Finally, UBS Group dropped their price target on Entegris from $90.00 to $85.00 and set a “neutral” rating for the company in a research note on Thursday, May 8th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Entegris has an average rating of “Moderate Buy” and an average target price of $113.00.

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).