Cetera Investment Advisers Boosts Position in Entegris, Inc. (NASDAQ:ENTG)

Key Points

• Cetera Investment Advisers increased its stake in Entegris, Inc. by 44.3% during the first quarter, bringing its total holdings to 31,071 shares valued at approximately $2.7 million.
• Entegris reported earnings per share (EPS) of $0.66 for the last quarter, exceeding analysts' expectations of $0.65, despite a 2.5% decline in year-over-year revenue.
• The company announced a quarterly dividend of $0.10 per share, with a dividend yield of 0.6%, set to be paid on August 20th.

Cetera Investment Advisers increased its stake in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 44.3% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 31,071 shares of the semiconductor company's stock after purchasing an additional 9,543 shares during the period. Cetera Investment Advisers' holdings in Entegris were worth $2,718,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in ENTG. Principal Financial Group Inc. grew its stake in Entegris by 235.8% during the first quarter. Principal Financial Group Inc. now owns 5,014,198 shares of the semiconductor company's stock valued at $438,642,000 after acquiring an additional 3,520,997 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Entegris by 33.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 11,194,612 shares of the semiconductor company's stock valued at $1,108,940,000 after purchasing an additional 2,826,463 shares in the last quarter. D1 Capital Partners L.P. grew its position in shares of Entegris by 329.4% during the 4th quarter. D1 Capital Partners L.P. now owns 2,752,902 shares of the semiconductor company's stock valued at $272,702,000 after purchasing an additional 2,111,801 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of Entegris by 434.1% in the fourth quarter. Deutsche Bank AG now owns 1,470,162 shares of the semiconductor company's stock worth $145,634,000 after purchasing an additional 1,194,903 shares during the period. Finally, TPG GP A LLC purchased a new stake in shares of Entegris in the fourth quarter worth $115,639,000.

Entegris Price Performance

NASDAQ ENTG traded up $1.20 on Thursday, reaching $73.43. 1,812,204 shares of the company's stock traded hands, compared to its average volume of 3,199,456. The stock has a market cap of $11.13 billion, a PE ratio of 37.85 and a beta of 1.22. The company has a debt-to-equity ratio of 1.04, a current ratio of 3.30 and a quick ratio of 1.95. Entegris, Inc. has a 12 month low of $60.75 and a 12 month high of $119.95. The stock has a 50-day simple moving average of $81.45 and a 200 day simple moving average of $86.23.

Entegris (NASDAQ:ENTG - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.01. Entegris had a net margin of 9.17% and a return on equity of 12.05%. The business had revenue of $792.40 million during the quarter, compared to the consensus estimate of $753.85 million. The firm's revenue for the quarter was down 2.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.71 earnings per share. As a group, research analysts predict that Entegris, Inc. will post 3.51 earnings per share 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 dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Wednesday, July 30th. Entegris's dividend payout ratio is 20.62%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on ENTG shares. The Goldman Sachs Group initiated coverage on Entegris in a research report on Thursday, July 10th. They set a "neutral" rating and a $85.00 target price for the company. Mizuho boosted their price objective on Entegris from $90.00 to $98.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. KeyCorp restated an "overweight" rating and issued a $103.00 price objective (down from $112.00) on shares of Entegris in a research report on Thursday, July 31st. Needham & Company LLC reiterated a "buy" rating and set a $100.00 target price on shares of Entegris in a research report on Tuesday, May 20th. Finally, Citigroup decreased their price target on shares of Entegris from $125.00 to $102.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. 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 stock. According to MarketBeat, Entegris currently has a consensus rating of "Moderate Buy" and an average target price of $106.44.

Insider Activity

In related news, SVP Clinton M. Haris sold 3,627 shares of the company's stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $90.00, for a total transaction of $326,430.00. Following the completion of the sale, the senior vice president directly owned 37,743 shares in the company, valued at $3,396,870. This represents a 8.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.67% of the company's stock.

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).