Fifth Third Wealth Advisors LLC Acquires Shares of 4,004 Entegris, Inc. (NASDAQ:ENTG)

Fifth Third Wealth Advisors LLC purchased a new position in Entegris, Inc. (NASDAQ:ENTG - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,004 shares of the semiconductor company's stock, valued at approximately $350,000.

A number of other large investors have also recently made changes to their positions in ENTG. Janney Montgomery Scott LLC grew its stake in shares of Entegris by 8.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 11,159 shares of the semiconductor company's stock worth $1,105,000 after acquiring an additional 868 shares during the period. Blue Trust Inc. boosted its holdings in shares of Entegris by 121.3% in the fourth quarter. Blue Trust Inc. now owns 768 shares of the semiconductor company's stock worth $76,000 after buying an additional 421 shares during the last quarter. Caprock Group LLC lifted its holdings in Entegris by 30.9% during the fourth quarter. Caprock Group LLC now owns 5,121 shares of the semiconductor company's stock valued at $507,000 after purchasing an additional 1,209 shares in the last quarter. Trust Point Inc. purchased a new position in Entegris during the fourth quarter valued at approximately $449,000. Finally, E. Ohman J or Asset Management AB lifted its holdings in Entegris by 24.2% during the fourth quarter. E. Ohman J or Asset Management AB now owns 8,070 shares of the semiconductor company's stock valued at $799,000 after purchasing an additional 1,570 shares in the last quarter.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ENTG shares. UBS Group reduced their price objective on shares of Entegris from $90.00 to $85.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Wall Street Zen cut shares of Entegris from a "hold" rating to a "sell" rating in a research report on Saturday, April 19th. KeyCorp reduced their price objective 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 reduced their price objective 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 reiterated a "buy" rating and set a $100.00 price objective on shares of Entegris in a research report on Tuesday, May 20th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $113.00.

Entegris Price Performance

ENTG traded down $0.60 during trading hours on Thursday, hitting $72.02. The company's stock had a trading volume of 4,167,773 shares, compared to its average volume of 2,580,331. The business's 50-day moving average price is $75.02 and its 200-day moving average price is $92.95. Entegris, Inc. has a 12 month low of $60.75 and a 12 month high of $147.57. The stock has a market cap of $10.90 billion, a price-to-earnings ratio of 37.32, a P/E/G ratio of 1.50 and a beta of 1.33. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08.

Entegris (NASDAQ:ENTG - Get Free Report) last announced its quarterly 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). Entegris had a return on equity of 12.83% and a net margin of 9.03%. The business had revenue of $773.20 million during the quarter, compared to the consensus estimate of $790.75 million. During the same quarter in the prior year, the firm posted $0.68 EPS. The company's revenue for the quarter was up .3% on a year-over-year basis. Sell-side analysts expect that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Wednesday, April 30th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.56%. The ex-dividend date was Wednesday, April 30th. Entegris's dividend payout ratio is presently 19.61%.

Entegris Company 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).