Avantax Advisory Services Inc. Cuts Stake in Entegris, Inc. (NASDAQ:ENTG)

Avantax Advisory Services Inc. lowered its stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 12.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,423 shares of the semiconductor company's stock after selling 2,524 shares during the period. Avantax Advisory Services Inc.'s holdings in Entegris were worth $1,726,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in ENTG. Torray Investment Partners LLC increased its stake in shares of Entegris by 0.9% in the fourth quarter. Torray Investment Partners LLC now owns 15,266 shares of the semiconductor company's stock worth $1,512,000 after acquiring an additional 129 shares during the period. Huntington National Bank grew its position in Entegris by 41.0% during the third quarter. Huntington National Bank now owns 454 shares of the semiconductor company's stock valued at $51,000 after buying an additional 132 shares during the period. Metis Global Partners LLC grew its position in Entegris by 7.1% during the fourth quarter. Metis Global Partners LLC now owns 2,049 shares of the semiconductor company's stock valued at $203,000 after buying an additional 135 shares during the period. Sequoia Financial Advisors LLC grew its position in Entegris by 6.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 2,482 shares of the semiconductor company's stock valued at $246,000 after buying an additional 147 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in Entegris by 27.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 731 shares of the semiconductor company's stock valued at $73,000 after buying an additional 158 shares during the period.

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Wall Street Analysts Forecast Growth

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

Entegris Trading Down 2.7 %

ENTG stock traded down $2.70 during trading on Friday, reaching $96.35. 3,945,405 shares of the stock were exchanged, compared to its average volume of 1,916,683. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08. The business has a 50 day moving average price of $102.29 and a 200-day moving average price of $104.86. Entegris, Inc. has a 1 year low of $92.84 and a 1 year high of $147.57. The firm has a market capitalization of $14.56 billion, a price-to-earnings ratio of 49.92, a P/E/G ratio of 1.50 and a beta of 1.32.

Entegris (NASDAQ:ENTG - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share for the quarter, beating analysts' consensus estimates of $0.77 by $0.07. Entegris had a net margin of 9.03% and a return on equity of 12.83%. On average, research analysts predict that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.42%. The ex-dividend date was Wednesday, January 29th. Entegris's dividend payout ratio (DPR) is presently 20.73%.

Insiders Place Their Bets

In other news, SVP Olivier Blachier sold 984 shares of the business'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 in the company, valued at approximately $1,177,524. The trade was a 8.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Clinton M. Haris sold 12,652 shares of the company's stock in a transaction 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 sale, the senior vice president now owns 34,820 shares of the company's stock, valued at approximately $3,722,954.40. This trade represents a 26.65 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by company insiders.

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).