4,188 Shares in Entegris, Inc. (NASDAQ:ENTG) Bought by NewEdge Wealth LLC

NewEdge Wealth LLC purchased a new stake in Entegris, Inc. (NASDAQ:ENTG) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 4,188 shares of the semiconductor company’s stock, valued at approximately $502,000.

Several other institutional investors have also added to or reduced their stakes in the business. Legacy Financial Group LLC purchased a new position in Entegris in the 3rd quarter worth $30,000. KB Financial Partners LLC acquired a new position in shares of Entegris in the first quarter valued at about $34,000. Belpointe Asset Management LLC raised its stake in shares of Entegris by 51.1% in the first quarter. Belpointe Asset Management LLC now owns 485 shares of the semiconductor company’s stock worth $40,000 after purchasing an additional 164 shares during the last quarter. Quent Capital LLC lifted its holdings 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 purchasing an additional 136 shares during the period. Finally, Arlington Trust Co LLC purchased a new stake in Entegris in the fourth quarter valued at approximately $46,000.

Entegris Stock Performance

Shares of ENTG stock opened at $131.00 on Wednesday. The company has a market capitalization of $19.75 billion, a P/E ratio of 110.08 and a beta of 1.32. Entegris, Inc. has a 12-month low of $69.37 and a 12-month high of $146.91. The business’s 50 day moving average is $135.90 and its two-hundred day moving average is $116.60. The company has a current ratio of 3.85, a quick ratio of 2.67 and a debt-to-equity ratio of 1.35.

Entegris (NASDAQ:ENTG) last announced its earnings results on Tuesday, February 13th. The semiconductor company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. The firm had revenue of $812.30 million for the quarter, compared to analyst estimates of $780.95 million. Entegris had a return on equity of 12.00% and a net margin of 5.13%. The business’s revenue was down 14.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.83 EPS. Analysts expect that Entegris, Inc. will post 3.31 EPS for the current fiscal year.

Insider Transactions at Entegris

In other Entegris news, CAO Michael Sauer sold 1,897 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $132.54, for a total transaction of $251,428.38. Following the completion of the sale, the chief accounting officer now directly owns 1,779 shares in the company, valued at approximately $235,788.66. The transaction was disclosed in a document filed with the SEC, which is available through this link. 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 transaction, the chief accounting officer now owns 1,779 shares in the company, valued at approximately $235,788.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Daniel D. Woodland sold 9,000 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $139.50, for a total transaction of $1,255,500.00. Following the sale, the insider now directly owns 32,730 shares of the company’s stock, valued at approximately $4,565,835. The disclosure for this sale can be found here. Insiders sold 41,082 shares of company stock valued at $5,606,849 over the last 90 days. Corporate insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

ENTG has been the subject of a number of recent research reports. Citigroup raised their price target on shares of Entegris from $117.00 to $134.00 and gave the stock a “neutral” rating in a research report on Friday, February 16th. The Goldman Sachs Group boosted their target price on shares of Entegris from $104.00 to $147.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. Craig Hallum raised Entegris from a “hold” rating to a “buy” rating and set a $150.00 price target on the stock in a research report on Thursday, February 15th. KeyCorp boosted their price objective on Entegris from $136.00 to $164.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. Finally, UBS Group upped their target price on Entegris from $90.00 to $130.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Entegris presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.64.

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).