Values First Advisors Inc. Sells 805 Shares of Entegris, Inc. (NASDAQ:ENTG)

Values First Advisors Inc. cut its holdings in Entegris, Inc. (NASDAQ:ENTG) by 16.3% during the fourth quarter, HoldingsChannel reports. The firm owned 4,129 shares of the semiconductor company’s stock after selling 805 shares during the period. Values First Advisors Inc.’s holdings in Entegris were worth $495,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Covenant Partners LLC increased its stake in Entegris by 3.4% during the second quarter. Covenant Partners LLC now owns 3,044 shares of the semiconductor company’s stock valued at $337,000 after acquiring an additional 101 shares during the period. Rehmann Capital Advisory Group increased its stake in Entegris by 4.3% during the third quarter. Rehmann Capital Advisory Group now owns 2,615 shares of the semiconductor company’s stock valued at $246,000 after acquiring an additional 108 shares during the period. Toroso Investments LLC increased its stake in Entegris by 3.3% during the third quarter. Toroso Investments LLC now owns 3,478 shares of the semiconductor company’s stock valued at $327,000 after acquiring an additional 110 shares during the period. Keybank National Association OH increased its stake in Entegris by 1.8% during the third quarter. Keybank National Association OH now owns 6,556 shares of the semiconductor company’s stock valued at $616,000 after acquiring an additional 119 shares during the period. Finally, CIBC Asset Management Inc increased its stake in Entegris by 2.3% during the third quarter. CIBC Asset Management Inc now owns 5,274 shares of the semiconductor company’s stock valued at $495,000 after acquiring an additional 121 shares during the period.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on ENTG shares. KeyCorp boosted their price target on Entegris from $136.00 to $164.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. Wolfe Research assumed coverage on Entegris in a report on Friday, March 1st. They set an “outperform” rating and a $160.00 price objective on the stock. StockNews.com downgraded Entegris from a “hold” rating to a “sell” rating in a report on Thursday, February 22nd. BMO Capital Markets lifted their price objective on Entegris from $130.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, February 16th. Finally, UBS Group lifted their price objective on Entegris from $90.00 to $130.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $141.64.

Entegris Trading Down 0.3 %

NASDAQ:ENTG traded down $0.45 during trading hours on Thursday, hitting $140.54. 895,385 shares of the stock were exchanged, compared to its average volume of 1,435,615. The company’s 50 day moving average is $131.19 and its two-hundred day moving average is $112.02. Entegris, Inc. has a twelve month low of $69.37 and a twelve month high of $146.91. The company has a quick ratio of 2.67, a current ratio of 3.85 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $21.18 billion, a P/E ratio of 118.64 and a beta of 1.32.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Tuesday, February 13th. The semiconductor company reported $0.65 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $780.95 million. During the same quarter in the prior year, the business earned $0.83 EPS. The business’s revenue for the quarter was down 14.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Entegris, Inc. will post 3.31 earnings per share for the current fiscal year.

Entegris Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 21st. Shareholders of record on Wednesday, January 31st were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.28%. The ex-dividend date of this dividend was Tuesday, January 30th. Entegris’s payout ratio is 33.61%.

Insider Buying and Selling at Entegris

In other Entegris news, SVP Michael Besnard sold 12,667 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $135.78, for a total transaction of $1,719,925.26. Following the completion of the sale, the senior vice president now owns 10,213 shares in the company, valued at approximately $1,386,721.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Susan G. Rice sold 17,518 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $135.86, for a total value of $2,379,995.48. Following the completion of the sale, the senior vice president now owns 42,931 shares in the company, valued at approximately $5,832,605.66. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Michael Besnard sold 12,667 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $135.78, for a total transaction of $1,719,925.26. Following the completion of the transaction, the senior vice president now directly owns 10,213 shares of the company’s stock, valued at $1,386,721.14. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,082 shares of company stock worth $5,606,849. 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).