Entegris, Inc. (NASDAQ:ENTG) Stake Raised by Vanguard Group Inc.

Vanguard Group Inc. boosted its stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 2.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,553,199 shares of the semiconductor company's stock after acquiring an additional 351,053 shares during the quarter. Vanguard Group Inc. owned about 10.28% of Entegris worth $1,360,594,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Costello Asset Management INC purchased a new position in shares of Entegris during the 1st quarter valued at approximately $26,000. Thoroughbred Financial Services LLC boosted its stake in shares of Entegris by 69.4% during 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. ING Groep NV purchased a new position in shares of Entegris during the 1st quarter valued at approximately $12,335,000. Argent Trust Co boosted its stake in shares of Entegris by 48.3% during the 1st quarter. Argent Trust Co now owns 6,445 shares of the semiconductor company's stock valued at $564,000 after buying an additional 2,098 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Entegris by 79.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 27,149 shares of the semiconductor company's stock valued at $2,375,000 after acquiring an additional 11,982 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. KeyCorp reissued an "overweight" rating and set a $103.00 price target (down from $112.00) on shares of Entegris in a research report on Thursday, July 31st. Wall Street Zen lowered Entegris from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Citigroup dropped their price target on 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 assumed coverage on Entegris in a research report on Thursday, July 10th. They set a "neutral" rating and a $85.00 price target on the stock. Finally, UBS Group dropped their target price on 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 issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Entegris has an average rating of "Moderate Buy" and an average target price of $106.44.

Entegris Stock Performance

Shares of NASDAQ:ENTG traded down $1.50 on Friday, hitting $77.37. The company's stock had a trading volume of 357,403 shares, compared to its average volume of 3,310,951. Entegris, Inc. has a 12 month low of $60.75 and a 12 month high of $119.95. The company has a market capitalization of $11.73 billion, a price-to-earnings ratio of 39.99 and a beta of 1.22. The stock's 50-day moving average is $81.99 and its two-hundred day moving average is $85.25. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.95 and a current ratio of 3.30.

Entegris (NASDAQ:ENTG - Get Free Report) last announced its earnings results 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. Entegris had a return on equity of 12.05% and a net margin of 9.17%. The business had revenue of $792.40 million during the quarter, compared to analysts' expectations of $753.85 million. During the same quarter last year, the business posted $0.71 earnings per share. The company's quarterly revenue was down 2.5% on a year-over-year basis. On average, equities research analysts forecast that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Announces Dividend

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

Insider Activity

In related news, SVP Clinton M. Haris sold 3,627 shares of the stock in a transaction on Thursday, July 17th. The stock was sold at an average price of $90.00, for a total value of $326,430.00. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Susan G. Rice sold 8,858 shares of the stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $79.84, for a total value of $707,222.72. Following the completion of the transaction, the senior vice president 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. Insiders have sold 12,760 shares of company stock valued at $1,053,513 in the last ninety days. Company insiders own 0.67% of the company's stock.

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).