Fiera Capital Corp Lowers Stake in Entegris, Inc. (NASDAQ:ENTG)

Key Points

• Fiera Capital Corp reduced its stake in Entegris, Inc. by 1.0% during the first quarter, ending up with approximately 536,182 shares valued at $46.9 million.
• Entegris reported Q1 earnings of $0.67 per share, which was below analysts' estimates of $0.69, alongside a revenue of $773.2 million, missing expectations of $790.75 million.
• The company is set to pay a $0.10 quarterly dividend on August 20th, which reflects an annualized dividend of $0.40 and a yield of 0.43%.

Fiera Capital Corp lessened its stake in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 1.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 536,182 shares of the semiconductor company's stock after selling 5,515 shares during the period. Fiera Capital Corp owned 0.35% of Entegris worth $46,905,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Compass Wealth Management LLC acquired a new position in shares of Entegris during the 1st quarter worth about $1,614,000. Sequoia Financial Advisors LLC raised its position in shares of Entegris by 11.5% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,767 shares of the semiconductor company's stock worth $242,000 after purchasing an additional 285 shares during the last quarter. Sarasin & Partners LLP acquired a new position in shares of Entegris during the 1st quarter worth about $1,544,000. New York State Teachers Retirement System acquired a new position in shares of Entegris during the 1st quarter worth about $4,870,000. Finally, Principal Financial Group Inc. raised its position in shares of Entegris by 235.8% during the 1st quarter. Principal Financial Group Inc. now owns 5,014,198 shares of the semiconductor company's stock worth $438,642,000 after purchasing an additional 3,520,997 shares during the last quarter.

Entegris Trading Down 3.3%

Shares of NASDAQ ENTG traded down $2.61 during midday trading on Friday, reaching $75.85. 3,350,338 shares of the stock were exchanged, compared to its average volume of 3,374,962. The company has a 50 day simple moving average of $81.38 and a 200 day simple moving average of $87.27. The stock has a market capitalization of $11.48 billion, a P/E ratio of 39.06 and a beta of 1.27. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.95 and a current ratio of 3.30. Entegris, Inc. has a twelve month low of $60.75 and a twelve month high of $119.95.

Entegris (NASDAQ:ENTG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $0.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.01. The business had revenue of $792.40 million during the quarter, compared to the consensus estimate of $753.85 million. Entegris had a net margin of 9.17% and a return on equity of 12.05%. The business's revenue was down 2.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.71 EPS. As a group, equities analysts expect that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 20th. Investors of record on Wednesday, July 30th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, July 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. Entegris's dividend payout ratio (DPR) is presently 20.62%.

Wall Street Analyst Weigh In

A number of analysts have commented on ENTG shares. Needham & Company LLC reiterated a "buy" rating and issued a $100.00 price objective on shares of Entegris in a report on Tuesday, May 20th. Mizuho increased their price objective on shares of Entegris from $90.00 to $98.00 and gave the company an "outperform" rating in a report on Tuesday, July 15th. The Goldman Sachs Group started coverage on shares of Entegris in a report on Thursday, July 10th. They issued a "neutral" rating and a $85.00 price objective for the company. Citigroup cut 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. Finally, Wall Street Zen downgraded shares of Entegris from a "hold" rating to a "sell" rating in a report on Saturday, April 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Entegris has an average rating of "Moderate Buy" and an average target price of $106.44.

Insider Buying and Selling at Entegris

In related news, SVP Clinton M. Haris sold 3,627 shares of the stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $90.00, for a total transaction of $326,430.00. Following the completion of the transaction, the senior vice president owned 37,743 shares of the company's stock, valued at approximately $3,396,870. This trade represents a 8.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.67% of the company's stock.

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).