Phraction Management LLC Has $6 Million Stake in Entegris, Inc. (NASDAQ:ENTG)

Phraction Management LLC boosted its position in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 401.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 68,534 shares of the semiconductor company's stock after buying an additional 54,862 shares during the quarter. Entegris makes up about 2.0% of Phraction Management LLC's portfolio, making the stock its 20th biggest position. Phraction Management LLC's holdings in Entegris were worth $5,995,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sarasin & Partners LLP bought a new position in Entegris during the first quarter worth about $1,544,000. National Bank of Canada FI lifted its position in shares of Entegris by 66,855.0% in the fourth quarter. National Bank of Canada FI now owns 490,780 shares of the semiconductor company's stock valued at $48,617,000 after buying an additional 490,047 shares during the last quarter. Freedom Financial Partners LLC bought a new position in shares of Entegris during the 1st quarter worth approximately $1,487,000. Fenimore Asset Management Inc increased its holdings in shares of Entegris by 3.1% during the 1st quarter. Fenimore Asset Management Inc now owns 521,077 shares of the semiconductor company's stock worth $45,584,000 after acquiring an additional 15,895 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Entegris by 8.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 219,900 shares of the semiconductor company's stock valued at $19,514,000 after acquiring an additional 16,508 shares during the period.

Entegris Trading Up 5.0%

NASDAQ:ENTG traded up $4.12 during trading hours on Wednesday, hitting $86.46. 3,538,701 shares of the company were exchanged, compared to its average volume of 2,739,261. The stock has a market capitalization of $13.09 billion, a price-to-earnings ratio of 42.38, a price-to-earnings-growth ratio of 1.80 and a beta of 1.27. Entegris, Inc. has a one year low of $60.75 and a one year high of $147.57. The company has a fifty day simple moving average of $77.34 and a 200 day simple moving average of $89.18. The company has a current ratio of 3.26, a quick ratio of 1.95 and a debt-to-equity ratio of 1.06.

Entegris (NASDAQ:ENTG - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $773.20 million for the quarter, compared to the consensus estimate of $790.75 million. Entegris had a return on equity of 12.48% and a net margin of 9.57%. Entegris's revenue was up .3% compared to the same quarter last year. During the same quarter last year, the business earned $0.68 earnings per share. Sell-side analysts expect that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Wednesday, April 30th were given a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.46%. Entegris's dividend payout ratio (DPR) is currently 19.61%.

Analysts Set New Price Targets

ENTG has been the subject of several research analyst reports. Wall Street Zen downgraded shares of Entegris from a "hold" rating to a "sell" rating in a report on Saturday, April 19th. Citigroup cut their price objective on shares of Entegris from $125.00 to $102.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Needham & Company LLC reaffirmed a "buy" rating and issued a $100.00 price objective on shares of Entegris in a report on Tuesday, May 20th. KeyCorp lowered their target price on shares of Entegris from $130.00 to $117.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. Finally, UBS Group cut their price objective on shares of Entegris from $90.00 to $85.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Entegris has a consensus rating of "Moderate Buy" and an average target price of $113.00.

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).