Amalgamated Bank Increases Stake in Entegris, Inc. (NASDAQ:ENTG)

Amalgamated Bank raised its stake in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 618.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 72,126 shares of the semiconductor company's stock after purchasing an additional 62,085 shares during the period. Amalgamated Bank's holdings in Entegris were worth $6,310,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Sarasin & Partners LLP purchased a new position in Entegris during the 1st quarter valued at approximately $1,544,000. National Bank of Canada FI boosted its position in shares of Entegris by 66,855.0% during the 4th quarter. National Bank of Canada FI now owns 490,780 shares of the semiconductor company's stock valued at $48,617,000 after acquiring an additional 490,047 shares during the last quarter. Freedom Financial Partners LLC purchased a new position in shares of Entegris in the first quarter valued at $1,487,000. Fenimore Asset Management Inc increased its position in Entegris by 3.1% in the first quarter. Fenimore Asset Management Inc now owns 521,077 shares of the semiconductor company's stock worth $45,584,000 after purchasing an additional 15,895 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Entegris by 8.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 219,900 shares of the semiconductor company's stock valued at $19,514,000 after purchasing an additional 16,508 shares in the last quarter.

Analysts Set New Price Targets

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 dropped their price target on Entegris from $90.00 to $85.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Wall Street Zen downgraded Entegris from a "hold" rating to a "sell" rating in a research report on Saturday, April 19th. Needham & Company LLC reaffirmed a "buy" rating and issued a $100.00 price objective on shares of Entegris in a research note on Tuesday, May 20th. Finally, Citigroup dropped their target price on Entegris from $125.00 to $102.00 and set a "buy" rating for the company in a report on Thursday, May 8th. One equities 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $113.00.

Entegris Trading Up 5.0%

Shares of ENTG traded up $4.12 during mid-day trading on Wednesday, reaching $86.46. 3,538,701 shares of the company's stock traded hands, compared to its average volume of 2,739,261. 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 stock's 50-day moving average is $77.34 and its two-hundred day moving average is $89.18. Entegris, Inc. has a 12 month low of $60.75 and a 12 month high of $147.57. The stock has a market cap of $13.09 billion, a P/E ratio of 42.38, a P/E/G ratio of 1.80 and a beta of 1.27.

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 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 business had revenue of $773.20 million during the quarter, compared to the consensus estimate of $790.75 million. During the same period last year, the company earned $0.68 EPS. The business's revenue was up .3% compared to the same quarter last year. Research analysts forecast that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Announces Dividend

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

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).