CENTRAL TRUST Co decreased its stake in Entegris, Inc. (NASDAQ:ENTG – Get Rating) by 2.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,722 shares of the semiconductor company’s stock after selling 275 shares during the period. CENTRAL TRUST Co’s holdings in Entegris were worth $1,763,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in ENTG. Sphinx Trading LP bought a new stake in shares of Entegris in the 4th quarter worth approximately $42,000. EverSource Wealth Advisors LLC bought a new stake in shares of Entegris in the 4th quarter worth approximately $42,000. Lee Financial Co lifted its holdings in shares of Entegris by 115.6% in the 4th quarter. Lee Financial Co now owns 388 shares of the semiconductor company’s stock worth $54,000 after purchasing an additional 208 shares during the last quarter. Clearstead Advisors LLC bought a new stake in shares of Entegris in the 3rd quarter worth approximately $58,000. Finally, National Bank of Canada FI acquired a new stake in Entegris in the 4th quarter valued at approximately $58,000. 98.45% of the stock is currently owned by institutional investors and hedge funds.
Several analysts recently commented on the company. Mizuho upgraded Entegris from a “neutral” rating to a “buy” rating and set a $158.00 target price on the stock in a research report on Wednesday, February 2nd. KeyCorp lowered their target price on Entegris from $183.00 to $150.00 in a research report on Wednesday. Seaport Res Ptn upgraded Entegris from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 18th. StockNews.com assumed coverage on Entegris in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Citigroup lowered their target price on Entegris from $160.00 to $145.00 in a research report on Wednesday. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $154.00.
Entegris (NASDAQ:ENTG – Get Rating) last issued its earnings results on Tuesday, April 26th. The semiconductor company reported $1.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.07. The business had revenue of $649.65 million for the quarter, compared to analysts’ expectations of $640.85 million. Entegris had a return on equity of 31.17% and a net margin of 18.48%. The company’s quarterly revenue was up 26.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.70 EPS. Analysts forecast that Entegris, Inc. will post 4.28 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 25th. Investors of record on Wednesday, May 4th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date is Tuesday, May 3rd. Entegris’s payout ratio is 12.12%.
In related news, Director Paul L. H. Olson sold 1,000 shares of Entegris stock in a transaction on Monday, March 14th. The stock was sold at an average price of $120.35, for a total value of $120,350.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Todd James Edlund sold 9,696 shares of the firm’s stock in a transaction on Wednesday, February 23rd. The stock was sold at an average price of $127.50, for a total value of $1,236,240.00. The disclosure for this sale can be found here. Insiders sold a total of 49,257 shares of company stock worth $6,606,256 over the last 90 days. Insiders own 0.61% of the company’s stock.
About Entegris (Get Rating)
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: Specialty Chemicals and Engineered Materials (SCEM); Microcontamination Control (MC); and Advanced Materials Handling (AMH).
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