Entegris, Inc. (NASDAQ:ENTG) Stock Holdings Lessened by Cerity Partners LLC

Cerity Partners LLC cut its position in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 21.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,256 shares of the semiconductor company's stock after selling 8,726 shares during the quarter. Cerity Partners LLC's holdings in Entegris were worth $2,734,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Proficio Capital Partners LLC acquired a new position in Entegris during the 4th quarter worth $42,000. Corient Private Wealth LLC lifted its holdings in Entegris by 1.1% during the 4th quarter. Corient Private Wealth LLC now owns 11,862 shares of the semiconductor company's stock worth $1,175,000 after buying an additional 128 shares during the last quarter. Xponance Inc. lifted its holdings in Entegris by 5.6% during the 4th quarter. Xponance Inc. now owns 27,667 shares of the semiconductor company's stock worth $2,741,000 after buying an additional 1,474 shares during the last quarter. 1620 Investment Advisors Inc. lifted its holdings in Entegris by 132.2% during the 4th quarter. 1620 Investment Advisors Inc. now owns 1,470 shares of the semiconductor company's stock worth $146,000 after buying an additional 837 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in Entegris during the 4th quarter worth about $4,705,000.

Entegris Trading Up 0.5%

Entegris stock traded up $0.48 during midday trading on Friday, reaching $90.75. The stock had a trading volume of 1,960,608 shares, compared to its average volume of 2,773,234. Entegris, Inc. has a twelve month low of $60.75 and a twelve month high of $133.79. The stock has a market capitalization of $13.74 billion, a PE ratio of 44.49, a price-to-earnings-growth ratio of 2.03 and a beta of 1.27. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.95 and a current ratio of 3.26. The stock's 50-day simple moving average is $79.39 and its 200 day simple moving average is $87.86.

Entegris (NASDAQ:ENTG - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The semiconductor company reported $0.67 earnings per share 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 firm had revenue of $773.20 million during the quarter, compared to the consensus estimate of $790.75 million. During the same period in the prior year, the firm earned $0.68 earnings per share. The firm's quarterly revenue was up .3% compared to the same quarter last year. Analysts expect that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 20th. Stockholders of record on Wednesday, July 30th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, July 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.44%. Entegris's dividend payout ratio is presently 19.61%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on ENTG shares. KeyCorp reduced their target price on Entegris from $117.00 to $112.00 and set an "overweight" rating for the company in a report on Monday, July 14th. Needham & Company LLC reaffirmed a "buy" rating and set a $100.00 price objective on shares of Entegris in a research note on Tuesday, May 20th. The Goldman Sachs Group started coverage on Entegris in a research report on Thursday, July 10th. They set a "neutral" rating and a $85.00 target price on the stock. Mizuho boosted their target price on Entegris from $90.00 to $98.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Finally, Wall Street Zen cut Entegris from a "hold" rating to a "sell" rating in a research report on Saturday, April 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, Entegris presently has an average rating of "Moderate Buy" and an average target price of $106.89.

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).