Alliance Wealth Advisors LLC UT Sells 1,835 Shares of Entegris, Inc. (NASDAQ:ENTG)

Alliance Wealth Advisors LLC UT lowered its holdings in Entegris, Inc. (NASDAQ:ENTG) by 21.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,628 shares of the semiconductor company’s stock after selling 1,835 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in Entegris were worth $657,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of ENTG. AQR Capital Management LLC boosted its holdings in shares of Entegris by 19.3% in the 2nd quarter. AQR Capital Management LLC now owns 2,999 shares of the semiconductor company’s stock worth $406,000 after buying an additional 486 shares during the last quarter. Quarry LP purchased a new position in Entegris in the second quarter valued at about $27,000. Cetera Investment Advisers grew its position in shares of Entegris by 2.2% during the 2nd quarter. Cetera Investment Advisers now owns 20,842 shares of the semiconductor company’s stock valued at $2,822,000 after acquiring an additional 455 shares during the period. Sanctuary Advisors LLC bought a new position in shares of Entegris during the 2nd quarter valued at approximately $1,416,000. Finally, Handelsbanken Fonder AB increased its stake in shares of Entegris by 21.9% during the 3rd quarter. Handelsbanken Fonder AB now owns 41,226 shares of the semiconductor company’s stock worth $4,639,000 after purchasing an additional 7,400 shares during the last quarter.

Entegris Trading Up 1.7 %

Entegris stock opened at $101.19 on Wednesday. The stock has a market cap of $15.28 billion, a P/E ratio of 67.01, a PEG ratio of 1.38 and a beta of 1.24. Entegris, Inc. has a fifty-two week low of $94.92 and a fifty-two week high of $147.57. The firm’s fifty day moving average price is $103.26 and its 200-day moving average price is $107.35. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.83 and a current ratio of 2.92.

Entegris (NASDAQ:ENTG) last released its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.01). The business had revenue of $807.70 million during the quarter, compared to analysts’ expectations of $832.44 million. Entegris had a net margin of 7.13% and a return on equity of 12.24%. The business’s revenue was down 9.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.68 EPS. Equities research analysts forecast that Entegris, Inc. will post 2.94 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend is Wednesday, January 29th. Entegris’s dividend payout ratio is currently 26.49%.

Analyst Ratings Changes

Several equities analysts have weighed in on ENTG shares. UBS Group reduced their price objective on Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Craig Hallum lowered their price objective on Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. KeyCorp cut their target price on shares of Entegris from $154.00 to $150.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. Citigroup dropped their price target 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. Finally, Mizuho reduced their price objective on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $134.50.

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).