Bank of New York Mellon Corp Buys 477,347 Shares of Entegris, Inc. (NASDAQ:ENTG)

Bank of New York Mellon Corp increased its stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 85.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,035,330 shares of the semiconductor company's stock after purchasing an additional 477,347 shares during the period. Bank of New York Mellon Corp owned approximately 0.68% of Entegris worth $90,571,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of ENTG. Central Pacific Bank Trust Division boosted its stake in Entegris by 125.7% in the first quarter. Central Pacific Bank Trust Division now owns 307 shares of the semiconductor company's stock worth $27,000 after buying an additional 171 shares in the last quarter. Quarry LP purchased a new stake in Entegris in the fourth quarter worth approximately $28,000. Neo Ivy Capital Management purchased a new stake in Entegris in the fourth quarter worth approximately $34,000. Curat Global LLC purchased a new stake in Entegris in the first quarter worth approximately $39,000. Finally, Proficio Capital Partners LLC purchased a new stake in Entegris in the fourth quarter worth approximately $42,000.

Entegris Stock Down 0.5%

ENTG traded down $0.42 during trading on Friday, reaching $87.58. The stock had a trading volume of 1,662,809 shares, compared to its average volume of 2,772,142. The stock's 50 day moving average is $78.52 and its two-hundred day moving average is $88.17. The company has a current ratio of 3.26, a quick ratio of 1.95 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $13.26 billion, a price-to-earnings ratio of 42.93, a P/E/G ratio of 1.96 and a beta of 1.27. Entegris, Inc. has a one year low of $60.75 and a one year high of $147.40.

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 analysts' consensus estimates of $0.69 by ($0.02). The firm had revenue of $773.20 million during the quarter, compared to the consensus estimate 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 last year, the company posted $0.68 EPS. As a group, analysts expect that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders 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 0.46%. Entegris's payout ratio is presently 19.61%.

Analyst Ratings Changes

Several analysts have issued reports on ENTG shares. Wall Street Zen lowered Entegris from a "hold" rating to a "sell" rating in a research note on Saturday, April 19th. UBS Group cut their target price on Entegris from $90.00 to $85.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Citigroup cut their target price on Entegris from $125.00 to $102.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. 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. Finally, KeyCorp cut their target price on Entegris from $130.00 to $117.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $109.89.

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).