Jennison Associates LLC lifted its position in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 10.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 398,545 shares of the semiconductor company's stock after purchasing an additional 37,156 shares during the quarter. Jennison Associates LLC owned approximately 0.26% of Entegris worth $34,865,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in ENTG. Central Pacific Bank Trust Division lifted its holdings in shares of Entegris by 125.7% in the 1st quarter. Central Pacific Bank Trust Division now owns 307 shares of the semiconductor company's stock valued at $27,000 after buying an additional 171 shares during the period. Quarry LP purchased a new stake in shares of Entegris in the fourth quarter worth about $28,000. Neo Ivy Capital Management purchased a new position in Entegris in the fourth quarter valued at about $34,000. Curat Global LLC purchased a new position in Entegris in the first quarter valued at about $39,000. Finally, Proficio Capital Partners LLC bought a new position in Entegris during the 4th quarter worth approximately $42,000.
Entegris Stock Performance
Shares of Entegris stock traded up $0.89 during mid-day trading on Monday, hitting $91.64. 2,550,878 shares of the stock were exchanged, compared to its average volume of 2,772,344. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.95 and a current ratio of 3.26. The company has a market capitalization of $13.87 billion, a P/E ratio of 44.92, a P/E/G ratio of 2.03 and a beta of 1.27. The company has a 50-day simple moving average of $79.39 and a 200 day simple moving average of $87.79. Entegris, Inc. has a 12 month low of $60.75 and a 12 month high of $133.79.
Entegris (NASDAQ:ENTG - Get Free Report) last issued its earnings results on Wednesday, May 7th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.69 by ($0.02). The business had revenue of $773.20 million for the quarter, compared to the consensus estimate of $790.75 million. Entegris had a net margin of 9.57% and a return on equity of 12.48%. The company's revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.68 EPS. Sell-side analysts anticipate that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.
Entegris Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 20th. Investors of record on Wednesday, July 30th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.44%. The ex-dividend date is Wednesday, July 30th. Entegris's dividend payout ratio (DPR) is currently 19.61%.
Analysts Set New Price Targets
A number of analysts have recently weighed in on ENTG shares. KeyCorp dropped their price target on Entegris from $117.00 to $112.00 and set an "overweight" rating on the stock in a research report on Monday, July 14th. Needham & Company LLC restated a "buy" rating and set a $100.00 price target on shares of Entegris in a report on Tuesday, May 20th. The Goldman Sachs Group started coverage on Entegris in a research report on Thursday, July 10th. They issued a "neutral" rating and a $85.00 price target for the company. Wall Street Zen cut Entegris from a "hold" rating to a "sell" rating in a report on Saturday, April 19th. Finally, Mizuho upped their target price on shares of Entegris from $90.00 to $98.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $108.00.
Check Out Our Latest Stock Analysis on ENTG
Insider Buying and Selling
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 transaction of $326,430.00. Following the transaction, the senior vice president owned 37,743 shares in the company, valued at $3,396,870. This trade represents a 8.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.61% of the company's stock.
Entegris Company Profile
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Free Report)
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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