Mn Services Vermogensbeheer B.V. Decreases Position in Entegris, Inc. (NASDAQ:ENTG)

Mn Services Vermogensbeheer B.V. reduced its stake in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 9.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 54,800 shares of the semiconductor company's stock after selling 5,800 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Entegris were worth $4,794,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division boosted its position in shares of Entegris by 125.7% during the first 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 position in shares of Entegris during the fourth quarter valued at approximately $28,000. Neo Ivy Capital Management purchased a new position in shares of Entegris during the fourth quarter valued at approximately $34,000. Curat Global LLC purchased a new position in shares of Entegris during the first quarter valued at approximately $39,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of Entegris during the fourth quarter valued at approximately $42,000.

Entegris Stock Down 1.1%

Entegris stock traded down $0.82 during mid-day trading on Friday, reaching $75.42. 3,558,645 shares of the company were exchanged, compared to its average volume of 2,694,314. The business has a fifty day moving average of $75.70 and a 200 day moving average of $90.48. 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 firm has a market cap of $11.42 billion, a P/E ratio of 36.97, a PEG ratio of 1.69 and a beta of 1.24. Entegris, Inc. has a 12-month low of $60.75 and a 12-month high of $147.57.

Entegris (NASDAQ:ENTG - Get Free Report) last posted its earnings results on Wednesday, May 7th. The semiconductor company reported $0.67 earnings per share 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 analysts' expectations of $790.75 million. Entegris had a return on equity of 12.48% and a net margin of 9.57%. The firm's quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.68 EPS. Research analysts anticipate that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Wednesday, April 30th were issued a dividend of $0.10 per share. The ex-dividend date was Wednesday, April 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.53%. Entegris's dividend payout ratio is currently 19.61%.

Analyst Upgrades and Downgrades

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

About Entegris

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).