Wellington Wealth Strategies LLC. Has $226,000 Holdings in Entegris, Inc. (NASDAQ:ENTG)

Wellington Wealth Strategies LLC. cut its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 38.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,609 shares of the semiconductor company’s stock after selling 1,007 shares during the period. Wellington Wealth Strategies LLC.’s holdings in Entegris were worth $226,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ENTG. Norges Bank acquired a new position in shares of Entegris in the fourth quarter valued at approximately $278,727,000. Jackson Square Partners LLC acquired a new position in Entegris in the 4th quarter worth $82,813,000. Assenagon Asset Management S.A. increased its holdings in Entegris by 1,626.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 354,507 shares of the semiconductor company’s stock worth $49,822,000 after purchasing an additional 333,973 shares in the last quarter. Norden Group LLC raised its stake in shares of Entegris by 2,200.1% in the 1st quarter. Norden Group LLC now owns 224,260 shares of the semiconductor company’s stock valued at $31,518,000 after purchasing an additional 214,510 shares during the period. Finally, Clearbridge Investments LLC raised its stake in shares of Entegris by 809.7% in the 4th quarter. Clearbridge Investments LLC now owns 226,368 shares of the semiconductor company’s stock valued at $27,123,000 after purchasing an additional 201,484 shares during the period.

Analyst Ratings Changes

Several research analysts have recently weighed in on ENTG shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $160.00 price objective on shares of Entegris in a research report on Wednesday, June 26th. Mizuho raised their price target on shares of Entegris from $140.00 to $143.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $150.00 price objective on shares of Entegris in a research report on Monday, May 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $149.80.

Entegris Stock Up 2.1 %

Shares of NASDAQ:ENTG traded up $2.59 during midday trading on Friday, hitting $126.22. The stock had a trading volume of 656,806 shares, compared to its average volume of 1,411,025. The company has a market cap of $19.03 billion, a P/E ratio of 59.44, a PEG ratio of 1.42 and a beta of 1.25. Entegris, Inc. has a 12 month low of $84.13 and a 12 month high of $147.57. The business’s 50-day simple moving average is $133.93 and its 200-day simple moving average is $131.43. 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 (NASDAQ:ENTG) last announced its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.07. The firm had revenue of $771.03 million during the quarter, compared to analysts’ expectations of $769.24 million. Entegris had a net margin of 9.31% and a return on equity of 11.94%. The company’s revenue for the quarter was down 16.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.65 earnings per share. On average, sell-side analysts forecast that Entegris, Inc. will post 3.25 earnings per share for the current fiscal year.

Entegris Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 21st. Investors of record on Wednesday, July 31st will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date is Wednesday, July 31st. Entegris’s dividend payout ratio (DPR) is presently 19.23%.

Insiders Place Their Bets

In related news, SVP Olivier Blachier sold 1,986 shares of Entegris stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $133.84, for a total value of $265,806.24. Following the transaction, the senior vice president now directly owns 12,356 shares of the company’s stock, valued at $1,653,727.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Daniel D. Woodland sold 15,000 shares of the firm’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $145.00, for a total value of $2,175,000.00. Following the sale, the insider now directly owns 37,457 shares of the company’s stock, valued at $5,431,265. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Olivier Blachier sold 1,986 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $133.84, for a total value of $265,806.24. Following the transaction, the senior vice president now directly owns 12,356 shares of the company’s stock, valued at approximately $1,653,727.04. The disclosure for this sale can be found here. Insiders have sold 70,796 shares of company stock worth $9,870,921 over the last ninety days. Corporate insiders own 0.67% of the company’s stock.

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).