Congress Wealth Management LLC DE Decreases Holdings in Entegris, Inc. (NASDAQ:ENTG)

Congress Wealth Management LLC DE trimmed its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 0.7% during the fourth quarter, HoldingsChannel reports. The firm owned 29,663 shares of the semiconductor company’s stock after selling 224 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Entegris were worth $2,939,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Entegris Trading Down 1.9 %

Shares of ENTG stock opened at $92.44 on Thursday. The company has a market capitalization of $13.99 billion, a PE ratio of 47.90, a price-to-earnings-growth ratio of 1.50 and a beta of 1.32. Entegris, Inc. has a 52-week low of $91.29 and a 52-week high of $147.57. The business’s fifty day moving average is $101.94 and its 200 day moving average is $104.41. 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 released its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share 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 anticipate that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Dividend Announcement

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 dividend on an annualized basis and a yield of 0.43%. Entegris’s dividend payout ratio is presently 20.73%.

Analysts Set New Price Targets

A number of analysts recently commented on ENTG shares. Needham & Company LLC restated a “buy” rating and set a $120.00 price target on shares of Entegris in a research note on Friday, February 7th. Mizuho dropped their target price on Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. KeyCorp reduced their price target on Entegris from $150.00 to $141.00 and set an “overweight” rating for the company in a research report on Friday, February 7th. Finally, StockNews.com cut Entegris from a “hold” rating to a “sell” rating in a report on Monday. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $124.88.

Insider Transactions at Entegris

In other Entegris news, SVP Olivier Blachier sold 984 shares of Entegris 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 of the company’s stock, valued at approximately $1,177,524. This trade represents a 8.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Clinton M. Haris sold 12,652 shares of the company’s stock in a transaction 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 $3,722,954.40. This trade 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 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).