Legacy Capital Wealth Partners LLC Sells 482 Shares of Entegris, Inc. (NASDAQ:ENTG)

Legacy Capital Wealth Partners LLC decreased its stake in Entegris, Inc. (NASDAQ:ENTG) by 22.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,675 shares of the semiconductor company’s stock after selling 482 shares during the quarter. Legacy Capital Wealth Partners LLC’s holdings in Entegris were worth $201,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. lifted its position in Entegris by 20.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 4,536 shares of the semiconductor company’s stock worth $426,000 after buying an additional 758 shares during the last quarter. Xponance Inc. boosted its stake in shares of Entegris by 2.1% in the 3rd quarter. Xponance Inc. now owns 6,233 shares of the semiconductor company’s stock valued at $585,000 after purchasing an additional 129 shares in the last quarter. Simon Quick Advisors LLC grew its holdings in shares of Entegris by 67.4% during the 3rd quarter. Simon Quick Advisors LLC now owns 4,069 shares of the semiconductor company’s stock valued at $382,000 after purchasing an additional 1,638 shares during the last quarter. Legacy Financial Group LLC purchased a new position in Entegris in the 3rd quarter worth $30,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Entegris by 7.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 64,766 shares of the semiconductor company’s stock worth $6,082,000 after purchasing an additional 4,255 shares during the last quarter.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ENTG. Needham & Company LLC reaffirmed a “buy” rating and set a $150.00 price objective on shares of Entegris in a research note on Thursday, March 7th. BMO Capital Markets lifted their price target on Entegris from $130.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, February 16th. KeyCorp increased their price objective 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 initiated coverage on shares of Entegris in a research note on Friday, March 1st. They issued an “outperform” rating and a $160.00 target price on the stock. Finally, Mizuho reiterated a “neutral” rating and set a $140.00 price target on shares of Entegris in a report on Tuesday, February 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Entegris currently has a consensus rating of “Moderate Buy” and an average target price of $141.64.

Insider Activity

In related news, 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 value of $1,255,500.00. Following the sale, the insider now directly owns 32,730 shares of the company’s stock, valued at $4,565,835. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Daniel D. Woodland sold 9,000 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $139.50, for a total transaction of $1,255,500.00. Following the sale, the insider now owns 32,730 shares in the company, valued at approximately $4,565,835. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Michael Sauer sold 1,897 shares of the company’s 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 directly owns 1,779 shares in the company, valued at $235,788.66. The disclosure for this sale can be found here. Insiders sold a total of 41,082 shares of company stock worth $5,606,849 in the last quarter. 0.67% of the stock is owned by company insiders.

Entegris Stock Performance

Shares of ENTG stock opened at $136.06 on Tuesday. 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 stock has a fifty day moving average of $135.73 and a 200 day moving average of $118.70. The firm has a market capitalization of $20.51 billion, a price-to-earnings ratio of 114.34 and a beta of 1.32. Entegris, Inc. has a 52 week low of $72.96 and a 52 week high of $146.91.

Entegris (NASDAQ:ENTG) last posted its earnings results on Tuesday, February 13th. The semiconductor company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.59 by $0.06. Entegris had a net margin of 5.13% and a return on equity of 12.00%. The firm had revenue of $812.30 million during the quarter, compared to analysts’ expectations of $780.95 million. During the same period last year, the company posted $0.83 EPS. The company’s quarterly revenue was down 14.1% compared to the same quarter last year. As a group, research analysts expect that Entegris, Inc. will post 3.27 earnings per share for the current year.

Entegris Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 1st will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.29%. Entegris’s dividend payout ratio (DPR) is 33.61%.

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).