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

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 21.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 125,707 shares of the semiconductor company's stock after buying an additional 22,161 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned 0.08% of Entegris worth $12,453,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Quarry LP bought a new position in shares of Entegris in the fourth quarter worth approximately $28,000. Parvin Asset Management LLC purchased a new position in Entegris during the 4th quarter valued at $69,000. Promus Capital LLC bought a new stake in Entegris during the 4th quarter valued at about $71,000. Smartleaf Asset Management LLC grew its stake in Entegris by 27.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 731 shares of the semiconductor company's stock worth $73,000 after purchasing an additional 158 shares in the last quarter. Finally, Blue Trust Inc. boosted 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 valued at $76,000 after purchasing an additional 421 shares in the last quarter.

Entegris Price Performance

Shares of NASDAQ:ENTG traded down $1.28 on Wednesday, reaching $73.66. 614,425 shares of the company were exchanged, compared to its average volume of 2,508,144. The firm has a market cap of $11.15 billion, a price-to-earnings ratio of 38.22, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33. Entegris, Inc. has a 1-year low of $60.75 and a 1-year high of $147.57. The company has a 50-day moving average of $77.75 and a 200-day moving average of $94.21. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08.

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

Entegris Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Wednesday, April 30th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date was Wednesday, April 30th. Entegris's payout ratio is 19.61%.

Analysts Set New Price Targets

Several brokerages recently weighed in on ENTG. Wall Street Zen downgraded Entegris from a "hold" rating to a "sell" rating in a research note on Saturday, April 19th. Citigroup decreased 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. 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. 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. Finally, Needham & Company LLC reiterated a "buy" rating and set a $100.00 price target on shares of Entegris in a research report on Tuesday, May 20th. One investment 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's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus 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).