OneAscent Financial Services LLC Sells 96 Shares of Entegris, Inc. (NASDAQ:ENTG)

OneAscent Financial Services LLC trimmed its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 2.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,259 shares of the semiconductor company’s stock after selling 96 shares during the quarter. OneAscent Financial Services LLC’s holdings in Entegris were worth $458,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Commerce Bank increased its holdings in Entegris by 0.6% during the 4th quarter. Commerce Bank now owns 13,725 shares of the semiconductor company’s stock valued at $1,645,000 after purchasing an additional 86 shares in the last quarter. Manchester Capital Management LLC raised its holdings in shares of Entegris by 19.1% in the fourth quarter. Manchester Capital Management LLC now owns 599 shares of the semiconductor company’s stock valued at $72,000 after buying an additional 96 shares during the last quarter. Allworth Financial LP lifted its position in Entegris by 7.3% during the 4th quarter. Allworth Financial LP now owns 1,463 shares of the semiconductor company’s stock worth $175,000 after buying an additional 100 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in Entegris by 5.3% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,105 shares of the semiconductor company’s stock worth $253,000 after acquiring an additional 105 shares during the last quarter. Finally, Rehmann Capital Advisory Group increased its position in Entegris by 4.3% in the 3rd 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 in the last quarter.

Insiders Place Their Bets

In related news, SVP Clinton M. Haris sold 5,005 shares of the company’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $124.74, for a total value of $624,323.70. Following the completion of the sale, the senior vice president now owns 34,600 shares in the company, valued at approximately $4,316,004. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, SVP Clinton M. Haris sold 5,005 shares of Entegris stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $124.74, for a total transaction of $624,323.70. Following the transaction, the senior vice president now owns 34,600 shares in the company, valued at approximately $4,316,004. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP James Anthony O’neill sold 6,761 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $133.50, for a total value of $902,593.50. Following the sale, the senior vice president now directly owns 13,652 shares of the company’s stock, valued at $1,822,542. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,752 shares of company stock worth $1,792,723. Company insiders own 0.67% of the company’s stock.

Entegris Trading Up 0.7 %

Shares of Entegris stock traded up $0.92 during trading on Friday, reaching $135.40. 5,715,364 shares of the company were exchanged, compared to its average volume of 1,212,023. The business has a 50-day moving average price of $131.40 and a 200-day moving average price of $128.82. The firm has a market capitalization of $20.42 billion, a price-to-earnings ratio of 65.10, a P/E/G ratio of 1.53 and a beta of 1.24. 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, Inc. has a twelve month low of $84.13 and a twelve month high of $146.91.

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

Entegris Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 1st were issued a $0.10 dividend. The ex-dividend date was Tuesday, April 30th. This represents a $0.40 annualized dividend and a yield of 0.30%. Entegris’s dividend payout ratio (DPR) is presently 19.23%.

Analysts Set New Price Targets

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

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).