Allworth Financial LP Cuts Holdings in Entegris, Inc. (NASDAQ:ENTG)

Allworth Financial LP decreased its holdings in Entegris, Inc. (NASDAQ:ENTG) by 24.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 599 shares of the semiconductor company’s stock after selling 191 shares during the period. Allworth Financial LP’s holdings in Entegris were worth $48,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Compass Wealth Management LLC bought a new stake in shares of Entegris in the 1st quarter valued at about $1,614,000. Sequoia Financial Advisors LLC grew its holdings in Entegris by 11.5% in the first quarter. Sequoia Financial Advisors LLC now owns 2,767 shares of the semiconductor company’s stock worth $242,000 after purchasing an additional 285 shares during the last quarter. Sarasin & Partners LLP acquired a new stake in shares of Entegris in the 1st quarter worth $1,544,000. New York State Teachers Retirement System purchased a new position in Entegris during the 1st quarter worth $4,870,000. Finally, Principal Financial Group Inc. grew its stake in Entegris by 235.8% during the 1st quarter. Principal Financial Group Inc. now owns 5,014,198 shares of the semiconductor company’s stock worth $438,642,000 after buying an additional 3,520,997 shares during the last quarter.

Analyst Ratings Changes

ENTG has been the subject of a number of research analyst reports. The Goldman Sachs Group started coverage on Entegris in a research note on Thursday, July 10th. They issued a “neutral” rating and a $85.00 price target for the company. Citigroup cut their price objective on shares of Entegris from $125.00 to $102.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. Mizuho lifted their target price on shares of Entegris from $90.00 to $98.00 and gave the stock an “outperform” rating in a research note on Tuesday. KeyCorp dropped their target price on shares of Entegris from $117.00 to $112.00 and set an “overweight” rating on the stock in a research report on Monday, July 14th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $100.00 price objective on shares of Entegris in a research note on Tuesday, May 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $106.89.

Entegris Price Performance

Shares of NASDAQ ENTG opened at $90.75 on Friday. Entegris, Inc. has a 52 week low of $60.75 and a 52 week high of $133.79. The business’s 50 day moving average price is $79.39 and its 200 day moving average price is $87.93. The company has a quick ratio of 1.95, a current ratio of 3.26 and a debt-to-equity ratio of 1.06. The firm has a market cap of $13.74 billion, a P/E ratio of 44.49, a P/E/G ratio of 2.02 and a beta of 1.27.

Entegris (NASDAQ:ENTG) last released its quarterly earnings data on Wednesday, May 7th. The semiconductor company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.02). Entegris had a net margin of 9.57% and a return on equity of 12.48%. The business had revenue of $773.20 million during the quarter, compared to analysts’ expectations of $790.75 million. During the same period last year, the company earned $0.68 earnings per share. The firm’s revenue was up .3% on a year-over-year basis. On average, sell-side analysts expect that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Announces Dividend

The business also recently declared 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. This represents a $0.40 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend is Wednesday, July 30th. Entegris’s dividend payout ratio is currently 19.61%.

Entegris Company 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).