CenterBook Partners LP Boosts Stock Position in Entegris, Inc. (NASDAQ:ENTG)

CenterBook Partners LP raised its position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 72.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 33,453 shares of the semiconductor company's stock after purchasing an additional 14,084 shares during the quarter. CenterBook Partners LP's holdings in Entegris were worth $2,926,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of ENTG. Proficio Capital Partners LLC acquired a new position in Entegris in the 4th quarter worth about $42,000. Sequoia Financial Advisors LLC raised its holdings in Entegris by 6.3% in the 4th quarter. Sequoia Financial Advisors LLC now owns 2,482 shares of the semiconductor company's stock worth $246,000 after purchasing an additional 147 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Entegris by 74.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,448 shares of the semiconductor company's stock valued at $143,000 after acquiring an additional 617 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Entegris by 11.5% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 32,032 shares of the semiconductor company's stock worth $3,185,000 after acquiring an additional 3,300 shares during the last quarter. Finally, Natixis Advisors LLC boosted its stake in shares of Entegris by 11.4% in the fourth quarter. Natixis Advisors LLC now owns 284,807 shares of the semiconductor company's stock worth $28,213,000 after acquiring an additional 29,063 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ENTG shares. Citigroup lowered their price target on Entegris from $125.00 to $102.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Wall Street Zen downgraded Entegris from a "hold" rating to a "sell" rating in a research report on Saturday, April 19th. KeyCorp cut their price objective on Entegris from $117.00 to $112.00 and set an "overweight" rating for the company in a research report on Monday. UBS Group cut their price objective on Entegris from $90.00 to $85.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Finally, The Goldman Sachs Group initiated coverage on Entegris in a report on Thursday, July 10th. They set a "neutral" rating and a $85.00 target price for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $109.33.

Entegris Trading Up 3.1%

NASDAQ:ENTG opened at $88.88 on Tuesday. The firm has a market cap of $13.46 billion, a P/E ratio of 43.25, a PEG ratio of 1.96 and a beta of 1.27. The company has a current ratio of 3.26, a quick ratio of 1.95 and a debt-to-equity ratio of 1.06. The stock's 50 day simple moving average is $78.52 and its 200-day simple moving average is $88.17. Entegris, Inc. has a 12-month low of $60.75 and a 12-month high of $147.40.

Entegris (NASDAQ:ENTG - Get Free Report) last posted 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 9.57% and a return on equity of 12.48%. The business had revenue of $773.20 million during the quarter, compared to analysts' expectations of $790.75 million. During the same quarter last year, the firm earned $0.68 earnings per share. The firm's quarterly revenue was up .3% compared to the same quarter last year. Equities analysts anticipate that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Wednesday, April 30th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.45%. The ex-dividend date was Wednesday, April 30th. Entegris's 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).

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