Man Group plc bought a new stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,635 shares of the semiconductor company's stock, valued at approximately $360,000.
A number of other hedge funds also recently added to or reduced their stakes in ENTG. Quarry LP purchased a new position in shares of Entegris during the 4th quarter worth approximately $28,000. Proficio Capital Partners LLC purchased a new position in shares of Entegris during the 4th quarter worth approximately $42,000. Parvin Asset Management LLC purchased a new position in shares of Entegris during the 4th quarter worth approximately $69,000. Promus Capital LLC purchased a new position in shares of Entegris during the 4th quarter worth approximately $71,000. Finally, Smartleaf Asset Management LLC increased its stake in shares of Entegris by 27.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 731 shares of the semiconductor company's stock worth $73,000 after purchasing an additional 158 shares in the last quarter.
Entegris Trading Down 6.1%
Shares of ENTG traded down $4.43 during mid-day trading on Friday, reaching $67.99. The company had a trading volume of 6,155,543 shares, compared to its average volume of 2,549,903. 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 $10.29 billion, a price-to-earnings ratio of 35.23, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33. The firm has a fifty day simple moving average of $76.24 and a 200-day simple moving average of $93.58. Entegris, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $147.57.
Entegris (NASDAQ:ENTG - Get Free Report) last posted its earnings results on Wednesday, May 7th. The semiconductor company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.02). The business had revenue of $773.20 million for the quarter, compared to analyst estimates of $790.75 million. Entegris had a net margin of 9.03% and a return on equity of 12.83%. The business's revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.68 EPS. On average, sell-side analysts anticipate that Entegris, Inc. will post 3.51 EPS for the current fiscal year.
Entegris Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Wednesday, April 30th were issued a dividend of $0.10 per share. The ex-dividend date was Wednesday, April 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.59%. Entegris's payout ratio is 19.61%.
Analyst Upgrades and Downgrades
ENTG has been the subject of a number of recent research reports. KeyCorp dropped their price objective on shares of Entegris from $130.00 to $117.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. UBS Group lowered their target price on shares of Entegris from $90.00 to $85.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Citigroup lowered their target price on shares of Entegris from $125.00 to $102.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Wall Street Zen cut shares of Entegris from a "hold" rating to a "sell" rating in a research note on Saturday, April 19th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $100.00 target price on shares of Entegris in a research note on Tuesday, May 20th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $113.00.
Check Out Our Latest Stock Analysis on ENTG
Entegris Company Profile
(
Free Report)
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).
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