Congress Wealth Management LLC DE Sells 224 Shares of Entegris, Inc. (NASDAQ:ENTG)

Congress Wealth Management LLC DE lessened its holdings in Entegris, Inc. (NASDAQ:ENTG) by 0.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,663 shares of the semiconductor company’s stock after selling 224 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Entegris were worth $2,939,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Corient Private Wealth LLC grew its position in shares of Entegris by 1.1% in the 4th quarter. Corient Private Wealth LLC now owns 11,862 shares of the semiconductor company’s stock valued at $1,175,000 after buying an additional 128 shares during the last quarter. Torray Investment Partners LLC increased its position in Entegris by 0.9% during the 4th 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 period. Metis Global Partners LLC raised its holdings in Entegris by 7.1% during the 4th quarter. Metis Global Partners LLC now owns 2,049 shares of the semiconductor company’s stock worth $203,000 after purchasing an additional 135 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Entegris by 6.3% in the 4th quarter. Sequoia Financial Advisors LLC now owns 2,482 shares of the semiconductor company’s stock worth $246,000 after purchasing an additional 147 shares during the period. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Entegris by 27.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 731 shares of the semiconductor company’s stock valued at $73,000 after purchasing an additional 158 shares during the last quarter.

Insider Buying and Selling at Entegris

In related news, SVP Olivier Blachier sold 984 shares of the company’s stock in a transaction on Friday, February 21st. The stock was 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. This represents a 8.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Clinton M. Haris sold 12,652 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $106.92, for a total value of $1,352,751.84. Following the transaction, the senior vice president now owns 34,820 shares in the company, valued at approximately $3,722,954.40. This trade represents a 26.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.67% of the company’s stock.

Entegris Trading Down 1.9 %

Shares of Entegris stock opened at $92.44 on Thursday. The stock has a market capitalization of $13.99 billion, a PE ratio of 47.90, a price-to-earnings-growth ratio of 1.50 and a beta of 1.32. Entegris, Inc. has a 52 week low of $91.29 and a 52 week high of $147.57. The stock has a 50 day moving average price of $101.94 and a two-hundred day moving average price of $104.41. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.86 and a current ratio of 3.08.

Entegris (NASDAQ:ENTG) last posted 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 net margin of 9.03% and a return on equity of 12.83%. As a group, equities analysts anticipate that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th were given a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $0.40 annualized dividend and a yield of 0.43%. Entegris’s payout ratio is 20.73%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ENTG shares. Mizuho lowered their target price on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Needham & Company LLC reissued a “buy” rating and issued a $120.00 price objective on shares of Entegris in a research note on Friday, February 7th. StockNews.com cut Entegris from a “hold” rating to a “sell” rating in a research note on Monday. Finally, KeyCorp dropped their price target on Entegris from $150.00 to $141.00 and set an “overweight” rating on the stock in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.88.

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).