Entegris, Inc. (NASDAQ:ENTG) Shares Acquired by Congress Asset Management Co. MA

Congress Asset Management Co. MA increased its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 1.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,165,346 shares of the semiconductor company’s stock after purchasing an additional 11,758 shares during the quarter. Entegris accounts for approximately 1.1% of Congress Asset Management Co. MA’s holdings, making the stock its 20th biggest position. Congress Asset Management Co. MA owned approximately 0.77% of Entegris worth $139,632,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Entegris in the 4th quarter valued at approximately $35,000. Quent Capital LLC boosted its position in shares of Entegris by 59.1% during the 4th quarter. Quent Capital LLC now owns 366 shares of the semiconductor company’s stock worth $44,000 after purchasing an additional 136 shares in the last quarter. Arlington Trust Co LLC acquired a new position in shares of Entegris during the 4th quarter worth $46,000. VisionPoint Advisory Group LLC purchased a new position in shares of Entegris in the 4th quarter valued at about $66,000. Finally, Manchester Capital Management LLC lifted its stake in shares of Entegris by 19.1% in the fourth quarter. Manchester Capital Management LLC now owns 599 shares of the semiconductor company’s stock valued at $72,000 after purchasing an additional 96 shares during the period.

Entegris Trading Down 2.5 %

Shares of NASDAQ:ENTG traded down $3.43 during trading on Friday, reaching $133.90. The stock had a trading volume of 1,079,541 shares, compared to its average volume of 1,198,443. The company has a quick ratio of 2.02, a current ratio of 3.35 and a debt-to-equity ratio of 1.22. The stock has a market cap of $20.19 billion, a P/E ratio of 64.38 and a beta of 1.24. The business has a fifty day moving average price of $130.97 and a 200-day moving average price of $126.83. Entegris, Inc. has a fifty-two week low of $84.13 and a fifty-two week high of $146.91.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.07. Entegris had a return on equity of 11.94% and a net margin of 9.31%. The firm had revenue of $771.03 million for the quarter, compared to analyst estimates of $769.24 million. During the same period last year, the company earned $0.65 EPS. The firm’s quarterly revenue was down 16.4% on a year-over-year basis. As a group, analysts anticipate that Entegris, Inc. will post 3.25 earnings per share for the current fiscal year.

Entegris Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 1st were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date was Tuesday, April 30th. Entegris’s dividend payout ratio is currently 19.23%.

Insider Buying and Selling at Entegris

In other news, SVP Olivier Blachier sold 1,986 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $133.84, for a total transaction of $265,806.24. Following the completion of the sale, the senior vice president now directly owns 12,356 shares in the company, valued at approximately $1,653,727.04. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Entegris news, SVP James Anthony O’neill sold 6,761 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $133.50, for a total transaction of $902,593.50. Following the completion of the sale, the senior vice president now directly owns 13,652 shares in the company, valued at $1,822,542. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Olivier Blachier sold 1,986 shares of the stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $133.84, for a total transaction of $265,806.24. Following the completion of the sale, the senior vice president now directly owns 12,356 shares of the company’s stock, valued at approximately $1,653,727.04. The disclosure for this sale can be found here. Insiders have sold a total of 13,752 shares of company stock worth $1,792,723 in the last quarter. 0.67% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Wolfe Research initiated coverage on shares of Entegris in a report on Friday, March 1st. They issued an “outperform” rating and a $160.00 target price for the company. BMO Capital Markets boosted their target price on Entegris from $130.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. StockNews.com lowered Entegris from a “hold” rating to a “sell” rating in a report on Thursday, February 22nd. Citigroup lifted their price target on Entegris from $117.00 to $134.00 and gave the stock a “neutral” rating in a research note on Friday, February 16th. Finally, Mizuho raised their target price on shares of Entegris from $140.00 to $143.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $148.67.

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).