Entegris, Inc. (NASDAQ:ENTG) Shares Bought by Cerity Partners LLC

Cerity Partners LLC boosted its stake in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 332.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,740 shares of the semiconductor company's stock after acquiring an additional 9,797 shares during the period. Cerity Partners LLC's holdings in Entegris were worth $1,527,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Legacy Financial Group LLC bought a new position in Entegris during the third quarter valued at $30,000. KB Financial Partners LLC bought a new position in Entegris during the first quarter valued at $34,000. Belpointe Asset Management LLC lifted its position in Entegris by 51.1% during the first quarter. Belpointe Asset Management LLC now owns 485 shares of the semiconductor company's stock valued at $40,000 after purchasing an additional 164 shares during the last quarter. Quent Capital LLC lifted its position in Entegris by 59.1% during the fourth quarter. Quent Capital LLC now owns 366 shares of the semiconductor company's stock valued at $44,000 after purchasing an additional 136 shares during the last quarter. Finally, Arlington Trust Co LLC bought a new position in Entegris during the fourth quarter valued at $46,000.

Entegris Trading Down 3.8 %

ENTG stock traded down $4.89 during trading on Friday, hitting $122.20. The company had a trading volume of 1,687,491 shares, compared to its average volume of 1,065,095. The firm has a market capitalization of $18.42 billion, a P/E ratio of 102.69 and a beta of 1.32. Entegris, Inc. has a 52-week low of $69.37 and a 52-week high of $146.91. The company has a 50 day simple moving average of $136.04 and a 200-day simple moving average of $117.30. The company has a quick ratio of 2.67, a current ratio of 3.85 and a debt-to-equity ratio of 1.35.

Entegris (NASDAQ:ENTG - Get Free Report) last posted its quarterly earnings results on Tuesday, February 13th. The semiconductor company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.59 by $0.06. The company had revenue of $812.30 million for the quarter, compared to the consensus estimate of $780.95 million. Entegris had a net margin of 5.13% and a return on equity of 12.00%. The firm's revenue was down 14.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.83 EPS. As a group, research analysts forecast that Entegris, Inc. will post 3.31 earnings per share for the current fiscal year.

Entegris Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 1st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date of this dividend is Tuesday, April 30th. Entegris's dividend payout ratio (DPR) is 33.61%.

Insider Buying and Selling at Entegris

In other Entegris news, insider Daniel D. Woodland sold 9,000 shares of the firm's stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $139.50, for a total transaction of $1,255,500.00. Following the transaction, the insider now owns 32,730 shares of the company's stock, valued at approximately $4,565,835. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Entegris news, insider Daniel D. Woodland sold 9,000 shares of the firm's stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $139.50, for a total transaction of $1,255,500.00. Following the transaction, the insider now owns 32,730 shares of the company's stock, valued at approximately $4,565,835. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Susan G. Rice sold 17,518 shares of the firm's stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $135.86, for a total transaction of $2,379,995.48. Following the transaction, the senior vice president now directly owns 42,931 shares in the company, valued at approximately $5,832,605.66. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,082 shares of company stock valued at $5,606,849. Company insiders own 0.67% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on ENTG. Wolfe Research started coverage on shares of Entegris in a research report on Friday, March 1st. They set an "outperform" rating and a $160.00 price objective for the company. Craig Hallum upgraded shares of Entegris from a "hold" rating to a "buy" rating and set a $150.00 target price for the company in a report on Thursday, February 15th. StockNews.com lowered shares of Entegris from a "hold" rating to a "sell" rating in a report on Thursday, February 22nd. The Goldman Sachs Group raised their target price on shares of Entegris from $104.00 to $147.00 and gave the stock a "buy" rating in a report on Thursday, February 15th. Finally, BMO Capital Markets raised their target price on shares of Entegris from $130.00 to $160.00 and gave the stock an "outperform" rating in a report on Friday, February 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $141.64.

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).