Alliance Wealth Advisors LLC UT Grows Position in Entegris, Inc. (NASDAQ:ENTG)

Alliance Wealth Advisors LLC UT increased its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 1.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 7,552 shares of the semiconductor company’s stock after buying an additional 115 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in Entegris were worth $905,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Legacy Financial Group LLC purchased a new stake in shares of Entegris during the third quarter worth approximately $30,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Entegris during the fourth quarter worth approximately $35,000. Quent Capital LLC increased its stake in shares of Entegris by 59.1% during the fourth quarter. Quent Capital LLC now owns 366 shares of the semiconductor company’s stock worth $44,000 after buying an additional 136 shares during the period. Arlington Trust Co LLC purchased a new position in Entegris in the fourth quarter valued at approximately $46,000. Finally, GAMMA Investing LLC purchased a new position in Entegris in the fourth quarter valued at approximately $101,000.

Insider Buying and Selling at Entegris

In other Entegris news, CAO Michael Sauer sold 1,897 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $132.54, for a total value of $251,428.38. Following the completion of the sale, the chief accounting officer now owns 1,779 shares of the company’s stock, valued at $235,788.66. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, insider Daniel D. Woodland sold 9,000 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $139.50, for a total value of $1,255,500.00. Following the completion of the transaction, the insider now owns 32,730 shares in the company, valued at $4,565,835. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Michael Sauer sold 1,897 shares of the firm’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $132.54, for a total value of $251,428.38. Following the completion of the transaction, the chief accounting officer now owns 1,779 shares of the company’s stock, valued at approximately $235,788.66. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,082 shares of company stock valued at $5,606,849. 0.67% of the stock is owned by company insiders.

Analysts Set New Price Targets

ENTG has been the topic of several recent analyst reports. KeyCorp increased their price target on shares of Entegris from $136.00 to $164.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. BMO Capital Markets increased their price target on shares of Entegris from $130.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, February 16th. Citigroup increased their price target on shares of Entegris from $117.00 to $134.00 and gave the company a “neutral” rating in a research note on Friday, February 16th. Mizuho reiterated a “neutral” rating and issued a $140.00 price target on shares of Entegris in a research note on Tuesday, February 20th. Finally, Wolfe Research initiated coverage on shares of Entegris in a research note on Friday, March 1st. They issued an “outperform” rating and a $160.00 price target on the stock. 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 stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $141.64.

Entegris Stock Performance

Shares of ENTG stock traded up $4.06 during trading hours on Friday, hitting $132.60. The stock had a trading volume of 1,074,585 shares, compared to its average volume of 1,138,000. The firm has a market capitalization of $19.99 billion, a PE ratio of 111.43 and a beta of 1.32. Entegris, Inc. has a twelve month low of $71.16 and a twelve month high of $146.91. The stock’s 50 day moving average is $135.75 and its 200 day moving average is $118.14. The company has a debt-to-equity ratio of 1.35, a current ratio of 3.85 and a quick ratio of 2.67.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings results on Tuesday, February 13th. The semiconductor company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.06. Entegris had a return on equity of 12.00% and a net margin of 5.13%. The firm had revenue of $812.30 million during the quarter, compared to the consensus estimate of $780.95 million. During the same period last year, the company earned $0.83 earnings per share. The company’s revenue for the quarter was down 14.1% on a year-over-year basis. As a group, research analysts forecast that Entegris, Inc. will post 3.27 earnings per share for the current fiscal year.

Entegris Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 1st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date of this dividend is Tuesday, April 30th. Entegris’s dividend payout ratio (DPR) is currently 33.61%.

Entegris 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).