Entegris, Inc. (NASDAQ:ENTG) Shares Bought by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its holdings in Entegris, Inc. by 3.0% during the first quarter, owning 1,123,961 shares valued at approximately $98.32 million.
• Entegris reported $0.66 earnings per share, exceeding analysts' expectations, and had a net revenue of $792.40 million for the latest quarter, although down 2.5% year-over-year.
• The company will pay a quarterly dividend of $0.10 per share, resulting in a 0.5% yield, with the ex-dividend date set for July 30th.

Charles Schwab Investment Management Inc. raised its stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 3.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,123,961 shares of the semiconductor company's stock after purchasing an additional 33,148 shares during the period. Charles Schwab Investment Management Inc. owned 0.74% of Entegris worth $98,324,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Quarry LP purchased a new position in Entegris in the fourth quarter valued at approximately $28,000. Costello Asset Management INC purchased a new position in Entegris in the first quarter valued at approximately $26,000. Central Pacific Bank Trust Division increased its stake in Entegris by 125.7% in the first quarter. Central Pacific Bank Trust Division now owns 307 shares of the semiconductor company's stock valued at $27,000 after purchasing an additional 171 shares during the last quarter. Neo Ivy Capital Management purchased a new position in Entegris in the fourth quarter valued at approximately $34,000. Finally, Curat Global LLC purchased a new position in shares of Entegris during the first quarter worth approximately $39,000.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ENTG. Needham & Company LLC restated a "buy" rating and set a $100.00 target price on shares of Entegris in a research report on Tuesday, May 20th. Citigroup lowered their target price on shares of Entegris from $125.00 to $102.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. The Goldman Sachs Group began coverage on shares of Entegris in a research report on Thursday, July 10th. They set a "neutral" rating and a $85.00 target price on the stock. KeyCorp restated an "overweight" rating and set a $103.00 target price (down from $112.00) on shares of Entegris in a research report on Thursday, July 31st. Finally, UBS Group lowered their price objective on shares of Entegris from $95.00 to $90.00 and set a "neutral" rating on the stock in a research report on Thursday, July 31st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Entegris has an average rating of "Moderate Buy" and an average price target of $106.44.

Entegris Price Performance

Entegris stock traded down $1.01 during midday trading on Thursday, reaching $78.87. The company's stock had a trading volume of 1,821,419 shares, compared to its average volume of 3,238,607. Entegris, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $119.95. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.95 and a current ratio of 3.30. The stock's 50 day simple moving average is $81.99 and its 200 day simple moving average is $85.25. The firm has a market capitalization of $11.96 billion, a PE ratio of 40.65 and a beta of 1.22.

Entegris (NASDAQ:ENTG - Get Free Report) last released its earnings results on Wednesday, July 30th. The semiconductor company reported $0.66 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.01. Entegris had a return on equity of 12.05% and a net margin of 9.17%. The company had revenue of $792.40 million during the quarter, compared to the consensus estimate of $753.85 million. During the same quarter last year, the company earned $0.71 earnings per share. Entegris's quarterly revenue was down 2.5% compared to the same quarter last year. On average, equities research analysts forecast that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 20th. Shareholders of record on Wednesday, July 30th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, July 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. Entegris's dividend payout ratio (DPR) is 20.62%.

Insiders Place Their Bets

In other news, SVP Clinton M. Haris sold 3,627 shares of Entegris stock in a transaction on Thursday, July 17th. The stock was sold at an average price of $90.00, for a total transaction of $326,430.00. Following the completion of the transaction, the senior vice president owned 37,743 shares of the company's stock, valued at $3,396,870. The trade was a 8.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Susan G. Rice sold 8,858 shares of Entegris stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $79.84, for a total value of $707,222.72. Following the transaction, the senior vice president directly owned 56,912 shares of the company's stock, valued at $4,543,854.08. This trade represents a 13.47% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 12,760 shares of company stock valued at $1,053,513. 0.67% of the stock is owned by corporate insiders.

About Entegris

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).