Crestwood Advisors Group LLC Reduces Stock Holdings in Entegris, Inc. (NASDAQ:ENTG)

Crestwood Advisors Group LLC lessened its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 6.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,055 shares of the semiconductor company’s stock after selling 2,035 shares during the period. Crestwood Advisors Group LLC’s holdings in Entegris were worth $2,977,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Creative Planning raised its stake in shares of Entegris by 17.9% during the 3rd quarter. Creative Planning now owns 14,212 shares of the semiconductor company’s stock valued at $1,599,000 after buying an additional 2,153 shares during the last quarter. Blue Trust Inc. grew its holdings in Entegris by 221.3% during the third quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 239 shares during the period. Sequoia Financial Advisors LLC raised its position in Entegris by 34.6% during the third quarter. Sequoia Financial Advisors LLC now owns 2,335 shares of the semiconductor company’s stock valued at $263,000 after acquiring an additional 600 shares in the last quarter. Signaturefd LLC lifted its holdings in Entegris by 31.7% in the third quarter. Signaturefd LLC now owns 1,852 shares of the semiconductor company’s stock valued at $208,000 after acquiring an additional 446 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in Entegris in the third quarter valued at approximately $1,963,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Citigroup dropped their price objective on shares of Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Craig Hallum cut their price objective on shares of Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Mizuho cut their price target on Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Finally, BMO Capital Markets reduced their price target on Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $128.78.

Entegris Trading Down 1.7 %

ENTG stock opened at $102.30 on Tuesday. Entegris, Inc. has a 12-month low of $94.92 and a 12-month high of $147.57. The business’s 50-day moving average is $103.00 and its 200 day moving average is $106.39. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08. The stock has a market cap of $15.46 billion, a price-to-earnings ratio of 53.01, a PEG ratio of 1.50 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.07. Entegris had a return on equity of 12.83% and a net margin of 9.03%. On average, sell-side analysts anticipate that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date was Wednesday, January 29th. Entegris’s payout ratio is 20.73%.

Insider Activity

In other Entegris news, SVP Olivier Blachier sold 984 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $108.00, for a total value of $106,272.00. Following the transaction, the senior vice president now directly owns 10,903 shares of the company’s stock, valued at $1,177,524. This trade represents a 8.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Clinton M. Haris sold 12,652 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $106.92, for a total value of $1,352,751.84. Following the completion of the sale, the senior vice president now owns 34,820 shares of the company’s stock, valued at $3,722,954.40. This trade represents a 26.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.67% of the company’s stock.

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).