Brown Advisory Inc. Sells 4,458 Shares of Entegris, Inc. (NASDAQ:ENTG)

Brown Advisory Inc. cut its stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 0.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,040,517 shares of the semiconductor company's stock after selling 4,458 shares during the period. Brown Advisory Inc. owned about 0.69% of Entegris worth $91,024,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Corient Private Wealth LLC grew its position in Entegris by 1.1% in the fourth quarter. Corient Private Wealth LLC now owns 11,862 shares of the semiconductor company's stock worth $1,175,000 after acquiring an additional 128 shares in the last quarter. First Hawaiian Bank grew its position in Entegris by 0.9% in the first quarter. First Hawaiian Bank now owns 15,786 shares of the semiconductor company's stock worth $1,381,000 after acquiring an additional 143 shares in the last quarter. HighPoint Advisor Group LLC grew its position in Entegris by 4.3% in the fourth quarter. HighPoint Advisor Group LLC now owns 3,559 shares of the semiconductor company's stock worth $376,000 after acquiring an additional 146 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in Entegris by 6.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 2,482 shares of the semiconductor company's stock worth $246,000 after acquiring an additional 147 shares in the last quarter. Finally, Ensign Peak Advisors Inc grew its position in Entegris by 0.3% in the fourth quarter. Ensign Peak Advisors Inc now owns 53,230 shares of the semiconductor company's stock worth $5,273,000 after acquiring an additional 150 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Wall Street Zen lowered shares of Entegris from a "hold" rating to a "sell" rating in a research report on Saturday, April 19th. Needham & Company LLC reiterated a "buy" rating and issued a $100.00 target price on shares of Entegris in a research report on Tuesday, May 20th. UBS Group cut their price target on shares of Entegris from $90.00 to $85.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Citigroup cut their price target on shares of Entegris from $125.00 to $102.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Finally, The Goldman Sachs Group initiated coverage on shares of Entegris in a research report on Thursday. They set a "neutral" rating and a $85.00 price target for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $109.89.

Entegris Trading Down 0.5%

ENTG stock traded down $0.42 during trading on Friday, reaching $87.58. The company had a trading volume of 1,662,809 shares, compared to its average volume of 2,765,527. Entegris, Inc. has a 52 week low of $60.75 and a 52 week high of $147.57. The company has a market cap of $13.26 billion, a P/E ratio of 42.93, a PEG ratio of 1.95 and a beta of 1.27. The business has a 50 day moving average of $78.44 and a 200 day moving average of $88.47. The company has a debt-to-equity ratio of 1.06, a current ratio of 3.26 and a quick ratio of 1.95.

Entegris (NASDAQ:ENTG - Get Free Report) last released its quarterly earnings results 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). Entegris had a return on equity of 12.48% and a net margin of 9.57%. The company had revenue of $773.20 million during the quarter, compared to the consensus estimate of $790.75 million. During the same period in the previous year, the company earned $0.68 earnings per share. Entegris's quarterly revenue was up .3% on a year-over-year basis. As a group, sell-side analysts forecast that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Announces Dividend

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

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).