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

Alliance Wealth Advisors LLC UT lifted its stake in Entegris, Inc. (NASDAQ:ENTG) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,552 shares of the semiconductor company’s stock after purchasing an additional 115 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in Entegris were worth $905,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Allworth Financial LP boosted its holdings in Entegris by 7.3% during the 4th quarter. Allworth Financial LP now owns 1,463 shares of the semiconductor company’s stock valued at $175,000 after acquiring an additional 100 shares during the period. Rehmann Capital Advisory Group boosted its holdings in Entegris by 4.3% during the 3rd quarter. Rehmann Capital Advisory Group now owns 2,615 shares of the semiconductor company’s stock valued at $246,000 after acquiring an additional 108 shares during the period. Caprock Group LLC boosted its holdings in Entegris by 4.0% during the 4th quarter. Caprock Group LLC now owns 3,032 shares of the semiconductor company’s stock valued at $363,000 after acquiring an additional 117 shares during the period. Keybank National Association OH boosted its holdings in Entegris by 1.8% during the 3rd quarter. Keybank National Association OH now owns 6,556 shares of the semiconductor company’s stock valued at $616,000 after acquiring an additional 119 shares during the period. Finally, CIBC Asset Management Inc boosted its holdings in Entegris by 2.3% during the 3rd quarter. CIBC Asset Management Inc now owns 5,274 shares of the semiconductor company’s stock valued at $495,000 after acquiring an additional 121 shares during the period.

Entegris Stock Up 3.2 %

Shares of ENTG traded up $4.06 during trading hours on Friday, hitting $132.60. The company had a trading volume of 1,074,585 shares, compared to its average volume of 1,138,000. The company has a market capitalization of $19.99 billion, a PE ratio of 111.43 and a beta of 1.32. The company has a current ratio of 3.85, a quick ratio of 2.67 and a debt-to-equity ratio of 1.35. Entegris, Inc. has a one year low of $71.16 and a one year high of $146.91. The company’s fifty day moving average price is $135.75 and its two-hundred day moving average price is $118.14.

Entegris (NASDAQ:ENTG) last released 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. Entegris had a return on equity of 12.00% and a net margin of 5.13%. The firm had revenue of $812.30 million during the quarter, compared to analyst estimates of $780.95 million. During the same period in the previous year, the company posted $0.83 EPS. The business’s revenue for the quarter was down 14.1% compared to the same quarter last year. As a group, equities analysts forecast that Entegris, Inc. will post 3.27 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 1st will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.30%. The ex-dividend date is Tuesday, April 30th. Entegris’s dividend payout ratio is currently 33.61%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ENTG. Citigroup boosted their price objective on Entegris from $117.00 to $134.00 and gave the company a “neutral” rating in a report on Friday, February 16th. StockNews.com cut Entegris from a “hold” rating to a “sell” rating in a report on Thursday, February 22nd. UBS Group upped their target price on Entegris from $90.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. The Goldman Sachs Group upped their target price on Entegris from $104.00 to $147.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Finally, Wolfe Research initiated coverage on Entegris in a report on Friday, March 1st. They issued an “outperform” rating and a $160.00 target price for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $141.64.

Insider Activity at Entegris

In related news, CAO Michael Sauer sold 1,897 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $132.54, for a total transaction of $251,428.38. Following the transaction, the chief accounting officer now directly owns 1,779 shares of the company’s stock, valued at approximately $235,788.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Entegris news, CAO Michael Sauer sold 1,897 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $132.54, for a total transaction of $251,428.38. Following the sale, the chief accounting officer now owns 1,779 shares in the company, valued at approximately $235,788.66. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Susan G. Rice sold 17,518 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $135.86, for a total value of $2,379,995.48. Following the sale, the senior vice president now owns 42,931 shares in the company, valued at approximately $5,832,605.66. The disclosure for this sale can be found here. Insiders have sold 41,082 shares of company stock valued at $5,606,849 in the last ninety days. Corporate insiders own 0.67% of the company’s stock.

Entegris Company Profile

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).