Entegris, Inc. (NASDAQ:ENTG) Shares Sold by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC cut its position in Entegris, Inc. (NASDAQ:ENTG) by 24.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 382,426 shares of the semiconductor company’s stock after selling 122,675 shares during the period. CIBC Private Wealth Group LLC’s holdings in Entegris were worth $38,151,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several brokerages have commented on ENTG. Needham & Company LLC reissued a “buy” rating and issued a $120.00 price target on shares of Entegris in a research report on Friday, February 7th. StockNews.com lowered Entegris from a “hold” rating to a “sell” rating in a report on Monday, March 24th. Mizuho cut their price target on Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Finally, KeyCorp reduced their price target on Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $124.88.

Entegris Stock Performance

Shares of ENTG stock opened at $88.74 on Monday. Entegris, Inc. has a 12 month low of $87.01 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 $13.43 billion, a P/E ratio of 45.98, a PEG ratio of 1.50 and a beta of 1.32. The firm has a fifty day moving average price of $101.34 and a 200 day moving average price of $104.15.

Entegris (NASDAQ:ENTG) last released 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%. Sell-side analysts predict that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Announces Dividend

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

Insiders Place Their Bets

In other Entegris news, SVP Olivier Blachier sold 984 shares of the company’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 in the company, valued at $1,177,524. This represents a 8.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Clinton M. Haris sold 12,652 shares of Entegris stock in a transaction dated 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 sale, the senior vice president now owns 34,820 shares in the company, valued at $3,722,954.40. This trade represents a 26.65 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is owned by corporate insiders.

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).