M&T Bank Corp Has $2.83 Million Stake in Entegris, Inc. (NASDAQ:ENTG)

M&T Bank Corp decreased its holdings in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 46.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,279 shares of the semiconductor company's stock after selling 28,449 shares during the quarter. M&T Bank Corp's holdings in Entegris were worth $2,825,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Crossmark Global Holdings Inc. acquired a new stake in Entegris during the first quarter worth about $630,000. Envestnet Asset Management Inc. increased its stake in shares of Entegris by 10.5% in the first quarter. Envestnet Asset Management Inc. now owns 998,212 shares of the semiconductor company's stock valued at $87,324,000 after purchasing an additional 94,676 shares during the period. Compass Wealth Management LLC acquired a new stake in shares of Entegris in the first quarter valued at approximately $1,614,000. Bank of New York Mellon Corp increased its stake in shares of Entegris by 85.5% in the first quarter. Bank of New York Mellon Corp now owns 1,035,330 shares of the semiconductor company's stock valued at $90,571,000 after purchasing an additional 477,347 shares during the period. Finally, IFM Investors Pty Ltd increased its stake in shares of Entegris by 6.1% in the first quarter. IFM Investors Pty Ltd now owns 29,121 shares of the semiconductor company's stock valued at $2,548,000 after purchasing an additional 1,671 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. UBS Group dropped their price target on shares of Entegris from $90.00 to $85.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Needham & Company LLC restated a "buy" rating and issued a $100.00 price target on shares of Entegris in a research note on Tuesday, May 20th. KeyCorp dropped their price target on shares of 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 lowered shares of Entegris from a "hold" rating to a "sell" rating in a research note on Saturday, April 19th. Finally, The Goldman Sachs Group began coverage on shares of Entegris in a report on Thursday. They issued a "neutral" rating and a $85.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $109.89.

Entegris Price Performance

NASDAQ:ENTG traded down $0.42 during trading hours on Friday, reaching $87.58. 1,662,809 shares of the company's stock were exchanged, compared to its average volume of 2,772,142. The company has a market capitalization of $13.26 billion, a P/E ratio of 42.93, a price-to-earnings-growth ratio of 1.96 and a beta of 1.27. Entegris, Inc. has a 12 month low of $60.75 and a 12 month high of $147.40. The company has a quick ratio of 1.95, a current ratio of 3.26 and a debt-to-equity ratio of 1.06. The business's 50-day simple moving average is $78.52 and its two-hundred day simple moving average is $88.27.

Entegris (NASDAQ:ENTG - Get Free Report) last issued 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 business 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%. The company's quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the business posted $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 firm also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Wednesday, April 30th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend was Wednesday, April 30th. Entegris's payout ratio is 19.61%.

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).