Banque Cantonale Vaudoise Buys Shares of 3,310 Entegris, Inc. (NASDAQ:ENTG)

Key Points

• Banque Cantonale Vaudoise purchased a new stake of 3,310 shares in Entegris, valued at approximately $290,000, during the first quarter of the year.
• Entegris reported a quarterly earnings per share (EPS) of $0.66, surpassing analysts' expectations, but showed a 2.5% decline in revenue compared to the same period last year.
• The company declared a quarterly dividend of $0.10 per share, with an annual yield of 0.5%, and a payout ratio of 20.62%.

Banque Cantonale Vaudoise bought a new stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,310 shares of the semiconductor company's stock, valued at approximately $290,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Compass Wealth Management LLC bought a new position in Entegris during the first quarter valued at approximately $1,614,000. Sequoia Financial Advisors LLC increased its holdings in shares of Entegris by 11.5% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,767 shares of the semiconductor company's stock worth $242,000 after purchasing an additional 285 shares during the period. Sarasin & Partners LLP bought a new position in Entegris during the first quarter valued at about $1,544,000. New York State Teachers Retirement System acquired a new position in shares of Entegris in the first quarter valued at $4,870,000. Finally, Principal Financial Group Inc. raised its stake in shares of 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 buying an additional 3,520,997 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Mizuho raised their target price on Entegris from $90.00 to $98.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. KeyCorp reiterated an "overweight" rating and set a $103.00 target price (down from $112.00) on shares of Entegris in a research report on Thursday. UBS Group lowered their price objective on Entegris from $95.00 to $90.00 and set a "neutral" rating for the company in a research report on Thursday. Needham & Company LLC reaffirmed a "buy" rating and set a $100.00 price objective on shares of Entegris in a research note on Tuesday, May 20th. Finally, Wall Street Zen downgraded Entegris from a "hold" rating to a "sell" rating in a research note on Saturday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $106.44.

Insider Transactions at Entegris

In other news, SVP Clinton M. Haris sold 3,627 shares of the business's stock in a transaction dated Thursday, July 17th. The shares were sold at an average price of $90.00, for a total value of $326,430.00. Following the completion of the sale, the senior vice president owned 37,743 shares of the company's stock, valued at approximately $3,396,870. The trade was a 8.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.61% of the stock is owned by company insiders.

Entegris Stock Down 3.6%

ENTG stock traded down $2.80 during midday trading on Friday, hitting $75.66. The company's stock had a trading volume of 5,561,091 shares, compared to its average volume of 3,099,350. Entegris, Inc. has a twelve month low of $60.75 and a twelve month high of $119.95. The stock has a market capitalization of $11.47 billion, a P/E ratio of 39.00 and a beta of 1.22. The company has a debt-to-equity ratio of 1.04, a current ratio of 3.30 and a quick ratio of 1.95. The company's fifty day moving average price is $81.44 and its 200 day moving average price is $86.88.

Entegris (NASDAQ:ENTG - Get Free Report) last issued its earnings results on Wednesday, July 30th. The semiconductor company reported $0.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.01. Entegris had a net margin of 9.17% and a return on equity of 12.05%. The company had revenue of $792.40 million for the quarter, compared to analysts' expectations of $753.85 million. During the same period in the prior year, the firm earned $0.71 EPS. Entegris's quarterly revenue was down 2.5% compared to the same quarter last year. As a group, equities research analysts predict that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 20th. Investors of record on Wednesday, July 30th will be paid a $0.10 dividend. The ex-dividend date is Wednesday, July 30th. This represents a $0.40 annualized dividend and a yield of 0.5%. Entegris's payout ratio is 20.62%.

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).