OneAscent Financial Services LLC Decreases Stock Position in Entegris, Inc. (NASDAQ:ENTG)

OneAscent Financial Services LLC lessened its stake in Entegris, Inc. (NASDAQ:ENTG) by 2.9% in the first quarter, HoldingsChannel reports. The fund owned 3,259 shares of the semiconductor company’s stock after selling 96 shares during the period. OneAscent Financial Services LLC’s holdings in Entegris were worth $458,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sendero Wealth Management LLC grew its stake in shares of Entegris by 22.8% in the 1st quarter. Sendero Wealth Management LLC now owns 17,397 shares of the semiconductor company’s stock worth $2,445,000 after buying an additional 3,227 shares during the last quarter. Sarasin & Partners LLP raised its stake in shares of Entegris by 12.1% in the first quarter. Sarasin & Partners LLP now owns 187,653 shares of the semiconductor company’s stock worth $26,373,000 after purchasing an additional 20,321 shares during the last quarter. Gateway Investment Advisers LLC lifted its holdings in shares of Entegris by 11.5% during the first quarter. Gateway Investment Advisers LLC now owns 15,774 shares of the semiconductor company’s stock valued at $2,217,000 after purchasing an additional 1,624 shares in the last quarter. Ballentine Partners LLC purchased a new stake in shares of Entegris during the first quarter valued at $222,000. Finally, Congress Asset Management Co. MA increased its holdings in Entegris by 1.1% in the 1st quarter. Congress Asset Management Co. MA now owns 1,177,732 shares of the semiconductor company’s stock worth $165,518,000 after buying an additional 12,386 shares in the last quarter.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ENTG shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $160.00 price target on shares of Entegris in a report on Wednesday. Wolfe Research started coverage on shares of Entegris in a research report on Friday, March 1st. They issued an “outperform” rating and a $160.00 target price for the company. Needham & Company LLC reissued a “buy” rating and set a $150.00 price target on shares of Entegris in a report on Monday, May 13th. Finally, Mizuho raised their price target on Entegris from $140.00 to $143.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Entegris currently has a consensus rating of “Moderate Buy” and an average price target of $149.80.

Entegris Stock Performance

ENTG traded up $0.92 during midday trading on Friday, reaching $135.40. The company had a trading volume of 5,715,364 shares, compared to its average volume of 1,212,023. The company has a market cap of $20.42 billion, a P/E ratio of 65.10, a P/E/G ratio of 1.53 and a beta of 1.24. Entegris, Inc. has a 1 year low of $84.13 and a 1 year high of $146.91. The business has a 50-day moving average of $131.40 and a two-hundred day moving average of $128.82. The company has a quick ratio of 2.02, a current ratio of 3.35 and a debt-to-equity ratio of 1.22.

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

Entegris Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Wednesday, May 1st were given a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, April 30th. This represents a $0.40 annualized dividend and a yield of 0.30%. 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 Entegris stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $133.84, for a total value of $265,806.24. Following the completion of the transaction, the senior vice president now owns 12,356 shares in the company, valued at approximately $1,653,727.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Entegris news, SVP Clinton M. Haris sold 5,005 shares of the company’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $124.74, for a total value of $624,323.70. Following the transaction, the senior vice president now owns 34,600 shares of the company’s stock, valued at approximately $4,316,004. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Olivier Blachier sold 1,986 shares of the company’s stock in a transaction dated 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 transaction, the senior vice president now owns 12,356 shares in the company, valued at $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 over the last ninety days. Company insiders own 0.67% of the company’s stock.

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).