Envestnet Portfolio Solutions Inc. Has $3.20 Million Holdings in Entegris, Inc. (NASDAQ:ENTG)

Envestnet Portfolio Solutions Inc. decreased its position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 12.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,302 shares of the semiconductor company's stock after selling 4,697 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Entegris were worth $3,200,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Torray Investment Partners LLC boosted its position in Entegris by 0.9% during the fourth quarter. Torray Investment Partners LLC now owns 15,266 shares of the semiconductor company's stock valued at $1,512,000 after purchasing an additional 129 shares during the last quarter. Metis Global Partners LLC lifted its position in shares of Entegris by 7.1% in the fourth quarter. Metis Global Partners LLC now owns 2,049 shares of the semiconductor company's stock worth $203,000 after buying an additional 135 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Entegris by 6.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 2,482 shares of the semiconductor company's stock worth $246,000 after buying an additional 147 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Entegris by 27.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 731 shares of the semiconductor company's stock worth $73,000 after buying an additional 158 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its position in shares of Entegris by 13.5% in the fourth quarter. Jones Financial Companies Lllp now owns 1,330 shares of the semiconductor company's stock worth $132,000 after buying an additional 158 shares during the last quarter.

Remove Ads

Insider Activity at Entegris

In other news, SVP Clinton M. Haris sold 12,652 shares of the company's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $106.92, for a total value of $1,352,751.84. Following the sale, the senior vice president now directly owns 34,820 shares in the company, valued at approximately $3,722,954.40. This represents a 26.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Olivier Blachier sold 984 shares of the company'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 value 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. This represents a 8.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on ENTG. StockNews.com raised Entegris from a "sell" rating to a "hold" rating in a research report on Thursday, March 13th. Mizuho reduced their price target on Entegris from $125.00 to $120.00 and set an "outperform" rating for the company in a research report on Tuesday, January 7th. KeyCorp reduced their price target on Entegris from $150.00 to $141.00 and set an "overweight" rating for the company in a research report on Friday, February 7th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $120.00 price objective on shares of Entegris in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $124.88.

Entegris Stock Performance

Shares of Entegris stock traded down $2.70 during trading on Friday, reaching $96.35. The company's stock had a trading volume of 4,044,842 shares, compared to its average volume of 1,921,606. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.86 and a current ratio of 3.08. The business's fifty day moving average price is $102.24 and its 200-day moving average price is $104.70. The firm has a market cap of $14.58 billion, a price-to-earnings ratio of 49.92, a price-to-earnings-growth ratio of 1.50 and a beta of 1.32. Entegris, Inc. has a one year low of $92.84 and a one year high of $147.57.

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

Entegris Announces Dividend

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

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).