Entegris, Inc. (NASDAQ:ENTG) Stock Holdings Decreased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale decreased its stake in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 9.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 594,853 shares of the semiconductor company's stock after selling 60,655 shares during the period. DekaBank Deutsche Girozentrale owned about 0.39% of Entegris worth $51,645,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in Entegris during the 4th quarter worth approximately $445,988,000. Principal Financial Group Inc. raised its position in shares of Entegris by 235.8% during the 1st quarter. Principal Financial Group Inc. now owns 5,014,198 shares of the semiconductor company's stock valued at $438,642,000 after acquiring an additional 3,520,997 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Entegris by 33.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 11,194,612 shares of the semiconductor company's stock worth $1,108,940,000 after purchasing an additional 2,826,463 shares during the last quarter. D1 Capital Partners L.P. boosted its holdings in Entegris by 329.4% in the fourth quarter. D1 Capital Partners L.P. now owns 2,752,902 shares of the semiconductor company's stock worth $272,702,000 after purchasing an additional 2,111,801 shares during the period. Finally, Deutsche Bank AG increased its stake in Entegris by 434.1% during the fourth quarter. Deutsche Bank AG now owns 1,470,162 shares of the semiconductor company's stock valued at $145,634,000 after purchasing an additional 1,194,903 shares during the last quarter.

Wall Street Analyst Weigh In

ENTG has been the topic of a number of recent research reports. Citigroup reduced their price target on shares of Entegris from $125.00 to $102.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. KeyCorp cut 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. Wall Street Zen downgraded Entegris from a "hold" rating to a "sell" rating in a research note on Saturday, April 19th. Needham & Company LLC reiterated a "buy" rating and set a $100.00 price target on shares of Entegris in a research report on Tuesday, May 20th. Finally, UBS Group cut their price target on Entegris from $90.00 to $85.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $113.00.

Entegris Trading Up 4.8%

Shares of Entegris stock opened at $87.02 on Wednesday. The business has a fifty day simple moving average of $78.11 and a 200-day simple moving average of $88.58. Entegris, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $147.57. The firm has a market cap of $13.17 billion, a price-to-earnings ratio of 42.66, a price-to-earnings-growth ratio of 1.86 and a beta of 1.27. The company has a quick ratio of 1.95, a current ratio of 3.26 and a debt-to-equity ratio of 1.06.

Entegris (NASDAQ:ENTG - Get Free Report) last issued its quarterly 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 during the quarter, compared to analyst estimates of $790.75 million. Entegris had a net margin of 9.57% and a return on equity of 12.48%. Entegris's revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.68 earnings per share. On average, equities analysts forecast that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Wednesday, April 30th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.46%. The ex-dividend date was Wednesday, April 30th. Entegris's dividend payout ratio is presently 19.61%.

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).

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