EverSource Wealth Advisors LLC Purchases 617 Shares of Entegris, Inc. (NASDAQ:ENTG)

EverSource Wealth Advisors LLC increased its position in Entegris, Inc. (NASDAQ:ENTG) by 74.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,448 shares of the semiconductor company’s stock after acquiring an additional 617 shares during the period. EverSource Wealth Advisors LLC’s holdings in Entegris were worth $143,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Synovus Financial Corp boosted its position in Entegris by 102.3% in the third quarter. Synovus Financial Corp now owns 38,253 shares of the semiconductor company’s stock worth $4,305,000 after purchasing an additional 19,340 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Entegris by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,065,812 shares of the semiconductor company’s stock worth $119,936,000 after buying an additional 14,650 shares during the last quarter. Swedbank AB grew its position in Entegris by 47.7% during the fourth quarter. Swedbank AB now owns 1,550,942 shares of the semiconductor company’s stock valued at $153,636,000 after buying an additional 500,581 shares during the period. Argent Capital Management LLC increased its holdings in Entegris by 9.9% during the fourth quarter. Argent Capital Management LLC now owns 31,066 shares of the semiconductor company’s stock valued at $3,077,000 after buying an additional 2,793 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Entegris by 14.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,060,378 shares of the semiconductor company’s stock valued at $105,041,000 after buying an additional 137,046 shares during the last quarter.

Entegris Trading Up 2.5 %

ENTG stock opened at $100.80 on Tuesday. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.08 and a quick ratio of 1.86. Entegris, Inc. has a 1-year low of $92.84 and a 1-year high of $147.57. The business has a 50 day simple moving average of $102.31 and a two-hundred day simple moving average of $105.05. The company has a market capitalization of $15.23 billion, a price-to-earnings ratio of 52.23, a PEG ratio of 1.50 and a beta of 1.32.

Entegris (NASDAQ:ENTG) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.07. Entegris had a net margin of 9.03% and a return on equity of 12.83%. Research analysts anticipate that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th were given a $0.10 dividend. The ex-dividend date was Wednesday, January 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.40%. Entegris’s dividend payout ratio is currently 20.73%.

Insider Activity at Entegris

In related 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 transaction of $106,272.00. Following the sale, the senior vice president now owns 10,903 shares of the company’s stock, valued at $1,177,524. This represents a 8.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Clinton M. Haris sold 12,652 shares of the 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 transaction, the senior vice president now 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. 0.67% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. StockNews.com raised shares of Entegris from a “sell” rating to a “hold” rating in a research report on Thursday, March 13th. 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. Mizuho lowered their price objective on Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $120.00 target price on shares of Entegris in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $124.88.

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).