Envestnet Portfolio Solutions Inc. cut its stake in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 33.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,526 shares of the semiconductor company's stock after selling 10,776 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Entegris were worth $1,883,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in ENTG. Corient Private Wealth LLC boosted its holdings in Entegris by 1.1% in the fourth quarter. Corient Private Wealth LLC now owns 11,862 shares of the semiconductor company's stock valued at $1,175,000 after purchasing an additional 128 shares during the last quarter. Torray Investment Partners LLC boosted its holdings in Entegris by 0.9% in the fourth quarter. Torray Investment Partners LLC now owns 15,266 shares of the semiconductor company's stock valued at $1,512,000 after purchasing an additional 129 shares during the last quarter. Metis Global Partners LLC boosted its holdings in Entegris by 7.1% in the fourth quarter. Metis Global Partners LLC now owns 2,049 shares of the semiconductor company's stock valued at $203,000 after purchasing an additional 135 shares during the last quarter. First Hawaiian Bank boosted its holdings in Entegris by 0.9% in the first quarter. First Hawaiian Bank now owns 15,786 shares of the semiconductor company's stock valued at $1,381,000 after purchasing an additional 143 shares during the last quarter. Finally, HighPoint Advisor Group LLC boosted its holdings in Entegris by 4.3% in the fourth quarter. HighPoint Advisor Group LLC now owns 3,559 shares of the semiconductor company's stock valued at $376,000 after purchasing an additional 146 shares during the last quarter.
Entegris Price Performance
ENTG stock traded up $5.76 during mid-day trading on Tuesday, reaching $81.73. The company's stock had a trading volume of 4,248,860 shares, compared to its average volume of 2,704,333. The stock has a market cap of $12.37 billion, a PE ratio of 40.06, a P/E/G ratio of 1.70 and a beta of 1.24. The company has a current ratio of 3.26, a quick ratio of 1.95 and a debt-to-equity ratio of 1.06. Entegris, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $147.57. The company's 50 day moving average is $75.95 and its two-hundred day moving average is $90.07.
Entegris (NASDAQ:ENTG - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The semiconductor company reported $0.67 EPS 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%. The firm's revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.68 EPS. Equities research analysts expect that Entegris, Inc. will post 3.51 EPS for the current year.
Entegris Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders 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 dividend on an annualized basis and a yield of 0.49%. Entegris's payout ratio is 19.61%.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on ENTG. Wall Street Zen downgraded shares of Entegris from a "hold" rating to a "sell" rating in a research report on Saturday, April 19th. Needham & Company LLC reiterated a "buy" rating and issued a $100.00 price objective on shares of Entegris in a research report on Tuesday, May 20th. Citigroup decreased their price objective on shares of Entegris from $125.00 to $102.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. KeyCorp decreased their price objective on shares of Entegris from $130.00 to $117.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Finally, UBS Group reduced their price target on shares of Entegris from $90.00 to $85.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $113.00.
Read Our Latest Stock Analysis on Entegris
Entegris Company Profile
(
Free Report)
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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