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Callahan Advisors LLC Has $3.47 Million Stock Position in Entegris, Inc. (NASDAQ:ENTG)

Entegris logo with Computer and Technology background

Callahan Advisors LLC increased its stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 41.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 39,697 shares of the semiconductor company's stock after purchasing an additional 11,654 shares during the period. Callahan Advisors LLC's holdings in Entegris were worth $3,473,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Compass Wealth Management LLC bought a new position in shares of Entegris in the first quarter worth $1,614,000. Sequoia Financial Advisors LLC increased its position in shares of Entegris by 11.5% in the first 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 shares of Entegris in the first quarter worth $1,544,000. New York State Teachers Retirement System bought a new position in shares of Entegris in the first quarter worth $4,870,000. Finally, Principal Financial Group Inc. increased its position in shares of Entegris by 235.8% in the first quarter. Principal Financial Group Inc. now owns 5,014,198 shares of the semiconductor company's stock worth $438,642,000 after purchasing an additional 3,520,997 shares during the period.

Entegris Trading Down 1.5%

Shares of ENTG stock traded down $1.35 during mid-day trading on Monday, reaching $86.23. 1,646,784 shares of the stock traded hands, compared to its average volume of 2,767,640. The stock's fifty day simple moving average is $78.52 and its two-hundred day simple moving average is $88.17. Entegris, Inc. has a 1-year low of $60.75 and a 1-year high of $147.40. The company has a market cap of $13.06 billion, a price-to-earnings ratio of 42.27, a price-to-earnings-growth ratio of 1.96 and a beta of 1.27. The company has a quick ratio of 1.95, a current ratio of 3.26 and a debt-to-equity ratio of 1.06.

Entegris (NASDAQ:ENTG - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The semiconductor company reported $0.67 EPS for the quarter, missing analysts' consensus estimates of $0.69 by ($0.02). Entegris had a net margin of 9.57% and a return on equity of 12.48%. The firm had revenue of $773.20 million for the quarter, compared to analyst estimates of $790.75 million. During the same period in the previous year, the business posted $0.68 earnings per share. The business's revenue for the quarter was up .3% compared to the same quarter last year. On average, research analysts anticipate that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders 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 payout ratio is 19.61%.

Wall Street Analysts Forecast Growth

ENTG has been the topic of several research analyst reports. KeyCorp reduced their price objective on Entegris from $117.00 to $112.00 and set an "overweight" rating on the stock in a research note on Monday. The Goldman Sachs Group initiated coverage on Entegris in a research note on Thursday. They issued a "neutral" rating and a $85.00 price objective on the stock. Needham & Company LLC reaffirmed a "buy" rating and issued a $100.00 price objective on shares of Entegris in a research note on Tuesday, May 20th. UBS Group reduced their price objective on Entegris from $90.00 to $85.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Finally, Wall Street Zen lowered Entegris from a "hold" rating to a "sell" rating in a research note on Saturday, April 19th. One investment 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. According to data from MarketBeat.com, Entegris has an average rating of "Moderate Buy" and an average price target of $109.33.

Read Our Latest Stock Analysis on ENTG

Entegris Profile

(Free Report)

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).

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Institutional Ownership by Quarter for Entegris (NASDAQ:ENTG)

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