B. Riley Wealth Advisors Inc. Raises Stake in Entegris, Inc. (NASDAQ:ENTG)

B. Riley Wealth Advisors Inc. increased its stake in Entegris, Inc. (NASDAQ:ENTG) by 108.1% during the 1st quarter, Holdings Channel.com reports. The fund owned 6,753 shares of the semiconductor company’s stock after buying an additional 3,508 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Entegris were worth $949,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Inspire Advisors LLC boosted its position in shares of Entegris by 1.3% in the first quarter. Inspire Advisors LLC now owns 5,785 shares of the semiconductor company’s stock worth $813,000 after acquiring an additional 77 shares during the last quarter. Commerce Bank lifted its position in Entegris by 0.6% during the fourth quarter. Commerce Bank now owns 13,725 shares of the semiconductor company’s stock valued at $1,645,000 after buying an additional 86 shares in the last quarter. Manchester Capital Management LLC lifted its position in Entegris by 19.1% during 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 in the last quarter. Allworth Financial LP lifted its position in Entegris by 7.3% during the fourth quarter. Allworth Financial LP now owns 1,463 shares of the semiconductor company’s stock valued at $175,000 after buying an additional 100 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its position in Entegris by 5.3% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,105 shares of the semiconductor company’s stock valued at $253,000 after buying an additional 105 shares in the last quarter.

Wall Street Analysts Forecast Growth

ENTG has been the topic of a number of recent research reports. Mizuho raised shares of Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 price target on the stock in a research report on Thursday. Needham & Company LLC reissued a “buy” rating and set a $150.00 target price on shares of Entegris in a research report on Thursday. BMO Capital Markets reduced their target price on shares of Entegris from $160.00 to $145.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Entegris from $160.00 to $145.00 and set a “buy” rating on the stock in a research report on Thursday. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $146.80.

Insider Transactions at Entegris

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

Entegris Stock Down 5.4 %

ENTG stock opened at $103.93 on Friday. The company has a debt-to-equity ratio of 1.22, a current ratio of 3.35 and a quick ratio of 2.02. Entegris, Inc. has a 1-year low of $84.13 and a 1-year high of $147.57. The firm has a fifty day moving average price of $132.99 and a two-hundred day moving average price of $131.72. The firm has a market cap of $15.67 billion, a price-to-earnings ratio of 52.83, a PEG ratio of 1.35 and a beta of 1.25.

Entegris (NASDAQ:ENTG) last released its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.70 by $0.01. The business had revenue of $812.60 million during the quarter, compared to analyst estimates of $802.43 million. Entegris had a net margin of 5.61% and a return on equity of 12.12%. The company’s quarterly revenue was down 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.66 earnings per share. Research analysts predict that Entegris, Inc. will post 3.25 EPS for the current year.

Entegris Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 21st. Stockholders of record on Wednesday, July 31st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $0.40 annualized dividend and a dividend yield of 0.38%. Entegris’s dividend payout ratio is currently 19.23%.

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).