Fenimore Asset Management Inc Acquires 15,895 Shares of Entegris, Inc. (NASDAQ:ENTG)

Fenimore Asset Management Inc grew its holdings in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 3.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 521,077 shares of the semiconductor company's stock after buying an additional 15,895 shares during the period. Fenimore Asset Management Inc owned 0.34% of Entegris worth $45,584,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Park Avenue Securities LLC boosted its holdings in shares of Entegris by 0.7% during the 1st quarter. Park Avenue Securities LLC now owns 29,737 shares of the semiconductor company's stock valued at $2,601,000 after buying an additional 201 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of Entegris by 82.8% during the 1st quarter. UMB Bank n.a. now owns 1,515 shares of the semiconductor company's stock valued at $133,000 after buying an additional 686 shares in the last quarter. Gateway Investment Advisers LLC boosted its stake in Entegris by 24.3% in the 1st quarter. Gateway Investment Advisers LLC now owns 17,575 shares of the semiconductor company's stock worth $1,537,000 after purchasing an additional 3,435 shares in the last quarter. Congress Asset Management Co. boosted its stake in Entegris by 8.7% in the 1st quarter. Congress Asset Management Co. now owns 157,095 shares of the semiconductor company's stock worth $13,743,000 after purchasing an additional 12,583 shares in the last quarter. Finally, Evexia Wealth LLC boosted its stake in Entegris by 6.3% in the 1st quarter. Evexia Wealth LLC now owns 2,798 shares of the semiconductor company's stock worth $245,000 after purchasing an additional 166 shares in the last quarter.

Entegris Stock Performance

ENTG opened at $72.92 on Monday. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08. The company has a market cap of $11.04 billion, a price-to-earnings ratio of 37.78, a PEG ratio of 1.50 and a beta of 1.24. The company's 50 day moving average is $74.44 and its 200 day moving average is $92.44. Entegris, Inc. has a 12-month low of $60.75 and a 12-month high of $147.57.

Entegris (NASDAQ:ENTG - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The semiconductor company reported $0.67 earnings per share (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 analysts' expectations of $790.75 million. Entegris had a return on equity of 12.83% and a net margin of 9.03%. The business's quarterly revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.68 EPS. On average, equities research analysts predict that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Wednesday, April 30th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend was Wednesday, April 30th. Entegris's dividend payout ratio is currently 19.61%.

Analysts Set New Price Targets

A number of brokerages have weighed in on ENTG. Citigroup decreased their target price on Entegris from $125.00 to $102.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Wall Street Zen lowered Entegris from a "hold" rating to a "sell" rating in a research report on Saturday, April 19th. Needham & Company LLC reissued a "buy" rating and issued a $100.00 target price on shares of Entegris in a research report on Tuesday, May 20th. KeyCorp decreased their target price on 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 decreased their target price on Entegris from $90.00 to $85.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average 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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.