BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Grows Stock Holdings in Entegris, Inc. (NASDAQ:ENTG)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 21.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 125,707 shares of the semiconductor company's stock after acquiring an additional 22,161 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned 0.08% of Entegris worth $12,453,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Barclays PLC raised its position in Entegris by 44.2% during the third quarter. Barclays PLC now owns 963,157 shares of the semiconductor company's stock valued at $108,383,000 after purchasing an additional 295,358 shares during the period. Arkadios Wealth Advisors increased its stake in shares of Entegris by 10.1% during the fourth quarter. Arkadios Wealth Advisors now owns 2,083 shares of the semiconductor company's stock valued at $206,000 after buying an additional 191 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of Entegris by 8.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 11,159 shares of the semiconductor company's stock valued at $1,105,000 after purchasing an additional 868 shares in the last quarter. Fenimore Asset Management Inc increased its stake in Entegris by 1.2% during the 4th quarter. Fenimore Asset Management Inc now owns 505,182 shares of the semiconductor company's stock valued at $50,043,000 after purchasing an additional 5,885 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of Entegris by 121.3% during the fourth quarter. Blue Trust Inc. now owns 768 shares of the semiconductor company's stock worth $76,000 after buying an additional 421 shares during the period.

Entegris Price Performance

Entegris stock traded up $2.48 during trading on Tuesday, reaching $74.82. The company had a trading volume of 2,000,237 shares, compared to its average volume of 2,515,479. The firm has a market capitalization of $11.33 billion, a PE ratio of 38.77, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33. The firm's 50-day simple moving average is $78.23 and its 200 day simple moving average is $94.35. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.86 and a current ratio of 3.08. Entegris, Inc. has a 1-year low of $60.75 and a 1-year high of $147.57.

Entegris (NASDAQ:ENTG - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The semiconductor company reported $0.67 earnings per share for the quarter, missing analysts' consensus estimates of $0.69 by ($0.02). Entegris had a net margin of 9.03% and a return on equity of 12.83%. The company had revenue of $773.20 million during the quarter, compared to analysts' expectations of $790.75 million. During the same period in the prior year, the business posted $0.68 earnings per share. The company's quarterly revenue was up .3% compared to the same quarter last year. As a group, equities research analysts anticipate that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Wednesday, April 30th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was Wednesday, April 30th. Entegris's payout ratio is 19.61%.

Wall Street Analysts Forecast Growth

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

About Entegris

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).