Deutsche Bank AG Has $60.67 Million Position in Entegris, Inc. (NASDAQ:ENTG)

Key Points

• Deutsche Bank AG reduced its holdings in Entegris, Inc. by 52.8%, now owning approximately $60.67 million worth, following the sale of 776,687 shares in the first quarter.
• Entegris reported a quarterly EPS of $0.66, slightly surpassing analyst expectations, and quarterly revenue of $792.40 million, which was better than the estimated $753.85 million.
• The company also declared a $0.10 quarterly dividend, representing an annualized dividend of $0.40, with a current dividend yield of 0.6%.

Deutsche Bank AG lessened its holdings in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 52.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 693,475 shares of the semiconductor company's stock after selling 776,687 shares during the quarter. Deutsche Bank AG owned approximately 0.46% of Entegris worth $60,665,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. raised its holdings in Entegris by 3.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,123,961 shares of the semiconductor company's stock valued at $98,324,000 after buying an additional 33,148 shares during the last quarter. ASR Vermogensbeheer N.V. bought a new position in Entegris in the 1st quarter valued at approximately $560,000. Vanguard Group Inc. raised its holdings in Entegris by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 15,553,199 shares of the semiconductor company's stock valued at $1,360,594,000 after buying an additional 351,053 shares during the last quarter. Costello Asset Management INC bought a new position in Entegris in the 1st quarter valued at approximately $26,000. Finally, Thoroughbred Financial Services LLC raised its holdings in Entegris by 69.4% in the 1st quarter. Thoroughbred Financial Services LLC now owns 6,040 shares of the semiconductor company's stock valued at $528,000 after buying an additional 2,475 shares during the last quarter.

Wall Street Analysts Forecast Growth

ENTG has been the subject of a number of research reports. KeyCorp reiterated an "overweight" rating and issued a $103.00 price objective (down previously from $112.00) on shares of Entegris in a report on Thursday, July 31st. Wall Street Zen lowered shares of Entegris from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Mizuho raised their price target on shares of Entegris from $90.00 to $98.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. UBS Group lowered their price target on shares of Entegris from $95.00 to $90.00 and set a "neutral" rating for the company in a report on Thursday, July 31st. Finally, Citigroup lowered their price target on shares of Entegris from $125.00 to $102.00 and set a "buy" rating for the company in a report on Thursday, May 8th. One research 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $106.44.

Entegris Stock Performance

NASDAQ:ENTG opened at $72.03 on Tuesday. The company has a fifty day moving average of $81.63 and a 200-day moving average of $85.49. The firm has a market capitalization of $10.92 billion, a P/E ratio of 37.13 and a beta of 1.22. The company has a quick ratio of 1.95, a current ratio of 3.30 and a debt-to-equity ratio of 1.04. Entegris, Inc. has a twelve month low of $60.75 and a twelve month high of $119.95.

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

Entegris Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 20th. Stockholders of record on Wednesday, July 30th will be paid a $0.10 dividend. The ex-dividend date is Wednesday, July 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.6%. Entegris's payout ratio is currently 20.62%.

Insider Buying and Selling at Entegris

In other news, SVP Clinton M. Haris sold 3,627 shares of Entegris stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $90.00, for a total value of $326,430.00. Following the completion of the sale, the senior vice president owned 37,743 shares in the company, valued at $3,396,870. The trade was a 8.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.61% of the stock is owned by corporate insiders.

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).

Want to see what other hedge funds are holding ENTG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Entegris, Inc. (NASDAQ:ENTG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.