PFG Advisors bought a new position in shares of Entegris, Inc. (NASDAQ:ENTG – Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,725 shares of the semiconductor company’s stock, valued at approximately $223,000.
A number of other hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new position in Entegris in the 4th quarter worth about $201,492,000. Baillie Gifford & Co. purchased a new position in Entegris in the 4th quarter worth about $190,238,000. Vanguard Group Inc. increased its stake in Entegris by 10.2% in the 3rd quarter. Vanguard Group Inc. now owns 13,854,392 shares of the semiconductor company’s stock worth $1,150,191,000 after purchasing an additional 1,287,222 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Entegris by 7.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,672,981 shares of the semiconductor company’s stock valued at $700,041,000 after acquiring an additional 748,491 shares in the last quarter. Finally, Eagle Asset Management Inc. grew its stake in Entegris by 79.7% during the 4th quarter. Eagle Asset Management Inc. now owns 1,371,682 shares of the semiconductor company’s stock valued at $87,965,000 after acquiring an additional 608,406 shares in the last quarter.
Analysts Set New Price Targets
Several equities analysts have weighed in on ENTG shares. StockNews.com raised Entegris to a “sell” rating in a research note on Wednesday. Loop Capital lowered their target price on Entegris from $143.00 to $123.00 in a research note on Monday, May 15th. Citigroup cut Entegris from a “buy” rating to a “neutral” rating and lowered their target price for the company from $92.00 to $86.00 in a research note on Monday, April 3rd. KeyCorp lifted their target price on Entegris from $105.00 to $116.00 in a research note on Friday, May 12th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Entegris from $90.00 to $100.00 in a report on Thursday, May 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $112.92.
Entegris Stock Down 0.5 %
ENTG opened at $105.84 on Friday. The business has a 50 day moving average price of $100.12 and a 200 day moving average price of $85.71. Entegris, Inc. has a twelve month low of $61.75 and a twelve month high of $114.47. The company has a debt-to-equity ratio of 1.78, a quick ratio of 2.08 and a current ratio of 3.14. The firm has a market cap of $15.84 billion, a P/E ratio of 5,292.00 and a beta of 1.24.
Entegris (NASDAQ:ENTG – Free Report) last posted its earnings results on Thursday, May 11th. The semiconductor company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.13. Entegris had a positive return on equity of 17.06% and a negative net margin of 0.14%. The firm had revenue of $922.40 million during the quarter, compared to analyst estimates of $889.87 million. Research analysts forecast that Entegris, Inc. will post 2.55 EPS for the current year.
Entegris Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 24th. Stockholders of record on Wednesday, May 3rd were issued a dividend of $0.10 per share. The ex-dividend date was Tuesday, May 2nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.38%. Entegris’s dividend payout ratio (DPR) is presently 2,000.00%.
Insider Transactions at Entegris
In other news, SVP James Anthony O’neill sold 4,845 shares of the company’s stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $90.72, for a total transaction of $439,538.40. Following the completion of the transaction, the senior vice president now directly owns 15,588 shares in the company, valued at $1,414,143.36. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.81% of the company’s stock.
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 four segments: Specialty Chemicals and Engineered Materials (SCEM); Microcontamination Control (MC); The Advanced Planarization Solutions (APS); and Advanced Materials Handling (AMH).