Gilbert & Cook Inc. Acquires New Holdings in Entegris, Inc. (NASDAQ:ENTG)

Gilbert & Cook Inc. bought a new stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,726 shares of the semiconductor company's stock, valued at approximately $326,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Entegris by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 15,202,146 shares of the semiconductor company's stock valued at $1,505,925,000 after acquiring an additional 169,180 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Entegris by 33.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 11,194,612 shares of the semiconductor company's stock valued at $1,108,940,000 after acquiring an additional 2,826,463 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Entegris by 235.8% in the 1st quarter. Principal Financial Group Inc. now owns 5,014,198 shares of the semiconductor company's stock valued at $438,642,000 after acquiring an additional 3,520,997 shares during the last quarter. Norges Bank purchased a new stake in Entegris during the fourth quarter valued at about $445,988,000. Finally, D1 Capital Partners L.P. lifted its stake in Entegris by 329.4% during the fourth quarter. D1 Capital Partners L.P. now owns 2,752,902 shares of the semiconductor company's stock valued at $272,702,000 after buying an additional 2,111,801 shares in the last quarter.

Analyst Ratings Changes

A number of research firms have commented on ENTG. UBS Group upped their price objective on shares of Entegris from $85.00 to $95.00 and gave the company a "neutral" rating in a research note on Monday. KeyCorp dropped their price objective on Entegris from $117.00 to $112.00 and set an "overweight" rating on the stock in a report on Monday, July 14th. Needham & Company LLC restated a "buy" rating and issued a $100.00 price objective on shares of Entegris in a report on Tuesday, May 20th. Citigroup lowered their price target on Entegris from $125.00 to $102.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Finally, Mizuho increased their price target on Entegris from $90.00 to $98.00 and gave the company an "outperform" rating in a report on Tuesday, July 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Entegris presently has an average rating of "Moderate Buy" and an average target price of $108.00.

Insider Activity

In other news, SVP Clinton M. Haris sold 3,627 shares of the business's stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $90.00, for a total transaction of $326,430.00. Following the completion of the transaction, the senior vice president directly owned 37,743 shares in the company, valued at approximately $3,396,870. The trade was a 8.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.67% of the company's stock.

Entegris Price Performance

Shares of NASDAQ:ENTG traded up $0.73 during midday trading on Friday, reaching $91.85. The company's stock had a trading volume of 2,435,911 shares, compared to its average volume of 2,398,622. Entegris, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $130.56. The company has a market capitalization of $13.91 billion, a P/E ratio of 45.02, a P/E/G ratio of 2.02 and a beta of 1.27. The company has a debt-to-equity ratio of 1.06, a current ratio of 3.26 and a quick ratio of 1.95. The business's fifty day simple moving average is $80.47 and its 200-day simple moving average is $87.64.

Entegris (NASDAQ:ENTG - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The semiconductor company reported $0.67 EPS for the quarter, missing analysts' consensus estimates of $0.69 by ($0.02). The firm had revenue of $773.20 million during the quarter, compared to analyst estimates of $790.75 million. Entegris had a return on equity of 12.48% and a net margin of 9.57%. Entegris's revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.68 earnings per share. As a group, equities research analysts expect that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 20th. Investors of record on Wednesday, July 30th will be given a $0.10 dividend. The ex-dividend date is Wednesday, July 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.44%. Entegris's payout ratio is 19.61%.

Entegris Company 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).