Envestnet Asset Management Inc. Raises Stock Position in Entegris, Inc. (NASDAQ:ENTG)

Envestnet Asset Management Inc. increased its stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 10.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 998,212 shares of the semiconductor company's stock after acquiring an additional 94,676 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.66% of Entegris worth $87,324,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of ENTG. Central Pacific Bank Trust Division grew its holdings 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 worth $27,000 after buying an additional 171 shares in the last quarter. Quarry LP purchased a new stake in shares of Entegris during the fourth quarter worth $28,000. Neo Ivy Capital Management purchased a new stake in shares of Entegris during the fourth quarter worth $34,000. Curat Global LLC purchased a new stake in shares of Entegris during the first quarter worth $39,000. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Entegris during the fourth quarter worth $42,000.

Entegris Trading Up 1.2%

NASDAQ ENTG opened at $88.00 on Friday. The firm's 50-day moving average is $78.44 and its two-hundred day moving average is $88.47. Entegris, Inc. has a 12 month low of $60.75 and a 12 month high of $147.57. 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 $13.32 billion, a P/E ratio of 43.14, a PEG ratio of 1.95 and a beta of 1.27.

Entegris (NASDAQ:ENTG - Get Free Report) last posted its earnings results on Wednesday, May 7th. The semiconductor company reported $0.67 EPS for the quarter, missing analysts' consensus estimates of $0.69 by ($0.02). Entegris had a net margin of 9.57% and a return on equity of 12.48%. The company had revenue of $773.20 million during the quarter, compared to analyst estimates of $790.75 million. During the same period in the previous year, the company earned $0.68 EPS. The company's quarterly revenue was up .3% compared to the same quarter last year. On average, sell-side analysts anticipate that Entegris, Inc. will post 3.51 earnings per share for the current 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 given a $0.10 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.45%. Entegris's payout ratio is currently 19.61%.

Wall Street Analyst Weigh In

ENTG has been the subject of a number of research reports. UBS Group dropped their target price 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. The Goldman Sachs Group initiated coverage on shares of Entegris in a report on Thursday. They set a "neutral" rating and a $85.00 target price for the company. KeyCorp lowered their price target on shares of Entegris from $130.00 to $117.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. Citigroup lowered 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. Finally, Needham & Company LLC reissued a "buy" rating and set a $100.00 price target on shares of Entegris in a research report on Tuesday, May 20th. One 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 presently has an average rating of "Moderate Buy" and an average price target of $109.89.

Entegris 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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