DekaBank Deutsche Girozentrale Reduces Stock Holdings in Entegris, Inc. (NASDAQ:ENTG)

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

A number of other hedge funds have also bought and sold shares of the business. Proficio Capital Partners LLC bought a new position in Entegris in the 4th quarter valued at $42,000. Jones Financial Companies Lllp boosted its holdings in Entegris by 13.5% in the 4th quarter. Jones Financial Companies Lllp now owns 1,330 shares of the semiconductor company's stock valued at $132,000 after purchasing an additional 158 shares during the period. Steward Partners Investment Advisory LLC boosted its holdings in Entegris by 26.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,303 shares of the semiconductor company's stock valued at $228,000 after purchasing an additional 484 shares during the period. Callan Family Office LLC bought a new position in Entegris in the 4th quarter valued at $308,000. Finally, Moran Wealth Management LLC boosted its holdings in Entegris by 5.3% in the 4th quarter. Moran Wealth Management LLC now owns 4,900 shares of the semiconductor company's stock valued at $485,000 after purchasing an additional 246 shares during the period.

Entegris Stock Performance

ENTG stock traded down $0.42 during midday trading on Friday, reaching $87.58. 1,662,809 shares of the company's stock traded hands, compared to its average volume of 2,768,310. Entegris, Inc. has a 52-week low of $60.75 and a 52-week high of $147.57. The stock has a market cap of $13.26 billion, a P/E ratio of 42.93, a PEG ratio of 1.97 and a beta of 1.27. The company has a current ratio of 3.26, a quick ratio of 1.95 and a debt-to-equity ratio of 1.06. The stock's 50-day moving average is $78.52 and its 200 day moving average is $88.37.

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 the consensus estimate 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 net margin of 9.57% and a return on equity of 12.48%. The business's revenue was up .3% on a year-over-year basis. During the same period in the previous year, the business posted $0.68 earnings per share. As a group, analysts anticipate that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have commented on the stock. Wall Street Zen downgraded shares of Entegris from a "hold" rating to a "sell" rating in a report on Saturday, April 19th. Needham & Company LLC reaffirmed a "buy" rating and set a $100.00 price objective on shares of Entegris in a report on Tuesday, May 20th. UBS Group dropped their price objective on shares of Entegris from $90.00 to $85.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. KeyCorp dropped their price objective on shares of Entegris from $130.00 to $117.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Finally, Citigroup dropped their price objective on shares of Entegris from $125.00 to $102.00 and set a "buy" rating for the company in a report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $109.89.

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).