DekaBank Deutsche Girozentrale Cuts Position in Entegris, Inc. (NASDAQ:ENTG)

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

A number of other hedge funds have also made changes to their positions in the company. Personal CFO Solutions LLC grew its position in shares of Entegris by 6.0% during the 1st quarter. Personal CFO Solutions LLC now owns 2,466 shares of the semiconductor company's stock worth $216,000 after buying an additional 140 shares during the period. Crossmark Global Holdings Inc. bought a new stake in shares of Entegris in the first quarter worth $630,000. Envestnet Asset Management Inc. raised its position in Entegris by 10.5% during the first quarter. Envestnet Asset Management Inc. now owns 998,212 shares of the semiconductor company's stock worth $87,324,000 after acquiring an additional 94,676 shares in the last quarter. Compass Wealth Management LLC bought a new position in shares of Entegris in the first quarter valued at about $1,614,000. Finally, Bank of New York Mellon Corp raised its position 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.

Entegris Stock Performance

ENTG traded down $0.03 during trading on Wednesday, reaching $86.99. 1,513,183 shares of the company's stock were exchanged, compared to its average volume of 2,757,876. The company has a debt-to-equity ratio of 1.06, a current ratio of 3.26 and a quick ratio of 1.95. The stock has a market capitalization of $13.17 billion, a P/E ratio of 42.64, a price-to-earnings-growth ratio of 1.86 and a beta of 1.27. The company's fifty day simple moving average is $78.11 and its 200-day simple moving average is $88.58. Entegris, Inc. has a 1 year low of $60.75 and a 1 year high of $147.57.

Entegris (NASDAQ:ENTG - Get Free Report) last announced its earnings results on Wednesday, May 7th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.02). The business had revenue of $773.20 million for the quarter, compared to analyst estimates of $790.75 million. Entegris had a return on equity of 12.48% and a net margin of 9.57%. The company's revenue for the quarter was up .3% compared to the same quarter last year. During the same period last year, the firm earned $0.68 EPS. As a group, research analysts predict that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Announces Dividend

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

Wall Street Analyst Weigh In

ENTG has been the topic of a number of analyst reports. KeyCorp reduced their price objective 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. 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 report 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. Needham & Company LLC reiterated a "buy" rating and issued a $100.00 target price on shares of Entegris in a research note on Tuesday, May 20th. Finally, Citigroup dropped their price objective on shares of Entegris from $125.00 to $102.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price 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).