Allspring Global Investments Holdings LLC Purchases 28,616 Shares of Entegris, Inc. (NASDAQ:ENTG)

Allspring Global Investments Holdings LLC lifted its position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 12.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 260,466 shares of the semiconductor company's stock after buying an additional 28,616 shares during the period. Allspring Global Investments Holdings LLC owned about 0.17% of Entegris worth $22,452,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Corient Private Wealth LLC increased its holdings in Entegris by 1.1% during the 4th quarter. Corient Private Wealth LLC now owns 11,862 shares of the semiconductor company's stock valued at $1,175,000 after purchasing an additional 128 shares during the period. Torray Investment Partners LLC raised its holdings in Entegris by 0.9% in the 4th quarter. Torray Investment Partners LLC now owns 15,266 shares of the semiconductor company's stock worth $1,512,000 after acquiring an additional 129 shares during the last quarter. Metis Global Partners LLC lifted its holdings in shares of Entegris by 7.1% during the fourth quarter. Metis Global Partners LLC now owns 2,049 shares of the semiconductor company's stock valued at $203,000 after purchasing an additional 135 shares in the last quarter. First Hawaiian Bank boosted its holdings in shares of Entegris by 0.9% during the 1st quarter. First Hawaiian Bank now owns 15,786 shares of the semiconductor company's stock valued at $1,381,000 after acquiring an additional 143 shares during the last quarter. Finally, HighPoint Advisor Group LLC grew its position in Entegris by 4.3% in the 4th quarter. HighPoint Advisor Group LLC now owns 3,559 shares of the semiconductor company's stock worth $376,000 after purchasing an additional 146 shares during the period.

Entegris Price Performance

Shares of NASDAQ ENTG traded up $4.12 during midday trading on Wednesday, reaching $86.46. 3,538,701 shares of the stock traded hands, compared to its average volume of 2,739,260. The company's 50 day moving average is $77.34 and its 200 day moving average is $89.18. Entegris, Inc. has a one year low of $60.75 and a one year high of $147.57. The stock has a market capitalization of $13.09 billion, a PE ratio of 42.38, a P/E/G ratio of 1.80 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.

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

Entegris Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Wednesday, April 30th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date was Wednesday, April 30th. Entegris's dividend payout ratio is currently 19.61%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. KeyCorp reduced their target price on shares of Entegris from $130.00 to $117.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Wall Street Zen cut Entegris from a "hold" rating to a "sell" rating in a report on Saturday, April 19th. Citigroup cut their price objective on shares of Entegris from $125.00 to $102.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Needham & Company LLC reiterated a "buy" rating and set a $100.00 price objective on shares of Entegris in a research report on Tuesday, May 20th. Finally, UBS Group dropped their target price on shares of Entegris from $90.00 to $85.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $113.00.

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).