Cerity Partners LLC Has $770,000 Holdings in Entegris, Inc. (NASDAQ:ENTG)

Posted by Defense World Staff on Sep 4th, 2023

Cerity Partners LLC lessened its holdings in shares of Entegris, Inc. (NASDAQ:ENTG – Free Report) by 5.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,384 shares of the semiconductor company’s stock after selling 496 shares during the period. Cerity Partners LLC’s holdings in Entegris were worth $770,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. TCTC Holdings LLC bought a new position in Entegris during the fourth quarter worth $45,000. Andesa Financial Management Inc. bought a new position in Entegris during the first quarter worth $271,000. UMB Bank n.a. raised its stake in Entegris by 341.7% during the first quarter. UMB Bank n.a. now owns 795 shares of the semiconductor company’s stock worth $65,000 after buying an additional 615 shares during the last quarter. Harvest Fund Management Co. Ltd raised its stake in Entegris by 1,291.5% during the first quarter. Harvest Fund Management Co. Ltd now owns 821 shares of the semiconductor company’s stock worth $67,000 after buying an additional 762 shares during the last quarter. Finally, Stonebridge Capital Advisors LLC raised its stake in Entegris by 3,909.1% during the first quarter. Stonebridge Capital Advisors LLC now owns 882 shares of the semiconductor company’s stock worth $116,000 after buying an additional 860 shares during the last quarter.

Wall Street Analyst Weigh In

ENTG has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Entegris from $90.00 to $100.00 in a research note on Thursday, May 11th. StockNews.com began coverage on shares of Entegris in a research note on Thursday, August 17th. They issued a “sell” rating for the company. KeyCorp lifted their price target on shares of Entegris from $105.00 to $116.00 in a research note on Friday, May 12th. BMO Capital Markets began coverage on shares of Entegris in a research note on Tuesday, June 20th. They issued an “outperform” rating and a $129.00 price target for the company. Finally, Loop Capital decreased their price target on shares of Entegris from $143.00 to $123.00 in a research note on Monday, May 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $107.40.

Get Our Latest Research Report on Entegris

Entegris Stock Up 1.2 %

Entegris stock opened at $102.49 on Monday. Entegris, Inc. has a fifty-two week low of $61.75 and a fifty-two week high of $114.47. The stock has a market cap of $15.38 billion, a PE ratio of 170.82, a price-to-earnings-growth ratio of 4.26 and a beta of 1.26. The firm’s 50-day simple moving average is $103.65 and its 200 day simple moving average is $93.09. The company has a debt-to-equity ratio of 1.64, a quick ratio of 3.45 and a current ratio of 4.59.

Entegris (NASDAQ:ENTG – Get Free Report) last released its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.09. Entegris had a net margin of 2.48% and a return on equity of 13.99%. The business had revenue of $901.00 million for the quarter, compared to analysts’ expectations of $886.80 million. During the same period in the previous year, the company earned $1.00 earnings per share. The firm’s revenue for the quarter was up 30.1% compared to the same quarter last year. Research analysts predict that Entegris, Inc. will post 2.6 EPS for the current fiscal year.

Entegris Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 2nd were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date was Tuesday, August 1st. Entegris’s payout ratio is 66.67%.

Insider Buying and Selling at Entegris

In other Entegris news, SVP James Anthony O’neill sold 1,918 shares of the business’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $95.00, for a total value of $182,210.00. Following the transaction, the senior vice president now directly owns 13,670 shares in the company, valued at $1,298,650. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.81% of the company’s stock.

About Entegris

(Free Report)

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 four segments: Specialty Chemicals and Engineered Materials (SCEM); Microcontamination Control (MC); The Advanced Planarization Solutions (APS); and Advanced Materials Handling (AMH).