EverSource Wealth Advisors LLC Increases Stock Holdings in Entegris, Inc. (NASDAQ:ENTG)

EverSource Wealth Advisors LLC boosted its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 74.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,448 shares of the semiconductor company’s stock after buying 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 quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sequoia Financial Advisors LLC raised its stake in shares of Entegris by 6.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 2,482 shares of the semiconductor company’s stock valued at $246,000 after acquiring an additional 147 shares during the period. Wealthfront Advisers LLC bought a new position in Entegris during the 4th quarter valued at about $68,661,000. Moran Wealth Management LLC grew its holdings in Entegris by 5.3% during the 4th quarter. Moran Wealth Management LLC now owns 4,900 shares of the semiconductor company’s stock valued at $485,000 after purchasing an additional 246 shares during the last quarter. Dorsey & Whitney Trust CO LLC raised its position in Entegris by 8.3% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 55,825 shares of the semiconductor company’s stock worth $5,530,000 after purchasing an additional 4,273 shares during the period. Finally, EFG Asset Management Americas Corp. lifted its stake in Entegris by 36.1% in the fourth quarter. EFG Asset Management Americas Corp. now owns 18,856 shares of the semiconductor company’s stock worth $1,868,000 after purchasing an additional 5,005 shares during the last quarter.

Entegris Stock Performance

ENTG stock opened at $100.80 on Tuesday. Entegris, Inc. has a 1-year low of $92.84 and a 1-year high of $147.57. The business has a 50-day moving average price of $102.31 and a 200 day moving average price of $105.05. The company has a market capitalization of $15.23 billion, a P/E ratio of 52.23, a PEG ratio of 1.50 and a beta of 1.32. 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 (NASDAQ:ENTG) last posted its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.77 by $0.07. Entegris had a net margin of 9.03% and a return on equity of 12.83%. As a group, equities research analysts forecast that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ENTG shares. Mizuho cut their target price on Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. KeyCorp reduced their target price on Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a research note on Friday, February 7th. Needham & Company LLC reissued a “buy” rating and set a $120.00 target price on shares of Entegris in a research note on Friday, February 7th. Finally, StockNews.com raised shares of Entegris from a “sell” rating to a “hold” rating in a research note on Thursday, March 13th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $124.88.

Insider Transactions at Entegris

In related news, SVP Clinton M. Haris sold 12,652 shares of the business’s stock in a transaction that occurred 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 transaction, the senior vice president now owns 34,820 shares in the company, valued at $3,722,954.40. The trade was a 26.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Olivier Blachier sold 984 shares of the firm’s 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 completion of the sale, the senior vice president now 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 disclosure for this sale can be found here. Corporate insiders own 0.67% of the company’s stock.

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).