Crestwood Advisors Group LLC Sells 484 Shares of Entegris, Inc. (NASDAQ:ENTG)

Crestwood Advisors Group LLC decreased its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 1.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 32,389 shares of the semiconductor company’s stock after selling 484 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Entegris were worth $3,881,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. QRG Capital Management Inc. acquired a new stake in shares of Entegris during the 3rd quarter valued at about $663,000. Nordea Investment Management AB increased its stake in Entegris by 11.5% in the third quarter. Nordea Investment Management AB now owns 9,878 shares of the semiconductor company’s stock valued at $936,000 after purchasing an additional 1,020 shares in the last quarter. Gates Capital Management Inc. increased its stake in Entegris by 9,839.3% in the third quarter. Gates Capital Management Inc. now owns 701,613 shares of the semiconductor company’s stock valued at $65,888,000 after purchasing an additional 694,554 shares in the last quarter. Pathstone Family Office LLC increased its stake in Entegris by 191.9% in the third quarter. Pathstone Family Office LLC now owns 7,416 shares of the semiconductor company’s stock valued at $696,000 after purchasing an additional 4,875 shares in the last quarter. Finally, Invesco Ltd. increased its stake in Entegris by 16.1% in the third quarter. Invesco Ltd. now owns 1,271,148 shares of the semiconductor company’s stock valued at $119,374,000 after purchasing an additional 176,029 shares in the last quarter.

Entegris Trading Down 4.5 %

Shares of NASDAQ:ENTG traded down $6.22 during mid-day trading on Friday, hitting $132.87. The company had a trading volume of 1,243,667 shares, compared to its average volume of 1,159,517. The firm has a fifty day moving average price of $135.41 and a 200 day moving average price of $115.68. The company has a market capitalization of $20.03 billion, a PE ratio of 111.66 and a beta of 1.32. 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, Inc. has a one year low of $69.37 and a one year high of $146.91.

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 analysts’ consensus estimates of $0.59 by $0.06. The firm had revenue of $812.30 million for the quarter, compared to the consensus estimate of $780.95 million. Entegris had a net margin of 5.13% and a return on equity of 12.00%. The business’s revenue for the quarter was down 14.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.83 EPS. As a group, research analysts forecast that Entegris, Inc. will post 3.31 EPS for the current year.

Entegris Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 21st. Investors of record on Wednesday, January 31st were paid a dividend of $0.10 per share. The ex-dividend date was Tuesday, January 30th. This represents a $0.40 annualized dividend and a yield of 0.30%. Entegris’s dividend payout ratio is currently 33.61%.

Analysts Set New Price Targets

Several research analysts recently commented on ENTG shares. Needham & Company LLC restated a “buy” rating and set a $150.00 target price on shares of Entegris in a report on Thursday, March 7th. Craig Hallum upgraded shares of Entegris from a “hold” rating to a “buy” rating and set a $150.00 target price for the company in a report on Thursday, February 15th. BMO Capital Markets increased their target price on shares of Entegris from $130.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. Mizuho reissued a “neutral” rating and issued a $140.00 price objective on shares of Entegris in a research report on Tuesday, February 20th. Finally, The Goldman Sachs Group raised their price target on shares of Entegris from $104.00 to $147.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $141.64.

Insider Activity at Entegris

In other news, CAO Michael Sauer sold 1,897 shares of Entegris stock in a transaction dated 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 owns 1,779 shares in the company, valued at approximately $235,788.66. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, SVP Michael Besnard sold 12,667 shares of the firm’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 10,213 shares in the company, valued at approximately $1,386,721.14. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Michael Sauer sold 1,897 shares of Entegris stock in a transaction 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 transaction, the chief accounting officer now directly owns 1,779 shares in the company, valued at $235,788.66. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,082 shares of company stock valued at $5,606,849. Corporate insiders own 0.67% of the company’s stock.

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).