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

Callahan Advisors LLC lifted its position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 41.6% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 39,697 shares of the semiconductor company's stock after buying an additional 11,654 shares during the quarter. Callahan Advisors LLC's holdings in Entegris were worth $3,473,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of ENTG. Diversify Wealth Management LLC raised its stake in Entegris by 14.0% in the first quarter. Diversify Wealth Management LLC now owns 7,429 shares of the semiconductor company's stock valued at $650,000 after purchasing an additional 913 shares in the last quarter. Xponance Inc. raised its stake in Entegris by 40.0% in the first quarter. Xponance Inc. now owns 38,725 shares of the semiconductor company's stock valued at $3,388,000 after purchasing an additional 11,058 shares in the last quarter. State of Michigan Retirement System acquired a new position in Entegris in the first quarter valued at about $3,167,000. Nisa Investment Advisors LLC raised its stake in Entegris by 3,951.6% in the first quarter. Nisa Investment Advisors LLC now owns 76,980 shares of the semiconductor company's stock valued at $6,734,000 after purchasing an additional 75,080 shares in the last quarter. Finally, New Mexico Educational Retirement Board acquired a new position in Entegris in the first quarter valued at about $2,703,000.

Entegris Stock Performance

Shares of ENTG stock opened at $88.00 on Friday. The business's 50 day simple moving average is $78.44 and its 200 day simple moving average is $88.47. Entegris, Inc. has a one year low of $60.75 and a one year high of $147.57. The stock has a market capitalization of $13.32 billion, a PE ratio of 43.14, a PEG ratio of 1.95 and a beta of 1.27. 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 issued its quarterly earnings results on Wednesday, May 7th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.02). Entegris had a net margin of 9.57% and a return on equity of 12.48%. The business had revenue of $773.20 million during the quarter, compared to analyst estimates of $790.75 million. During the same period last year, the firm posted $0.68 earnings per share. Entegris's quarterly revenue was up .3% compared to the same quarter last year. As a group, research analysts forecast that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Wednesday, April 30th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date was Wednesday, April 30th. Entegris's payout ratio is 19.61%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ENTG. Wall Street Zen downgraded Entegris from a "hold" rating to a "sell" rating in a research note on Saturday, April 19th. KeyCorp decreased their target price on Entegris from $130.00 to $117.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. 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. The Goldman Sachs Group assumed coverage on Entegris in a research report on Thursday. They issued a "neutral" rating and a $85.00 target price on the stock. Finally, UBS Group decreased their target price on Entegris from $90.00 to $85.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $109.89.

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).

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