Freedom Financial Partners LLC purchased a new stake in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 17,000 shares of the semiconductor company's stock, valued at approximately $1,487,000. Entegris makes up approximately 0.7% of Freedom Financial Partners LLC's portfolio, making the stock its 26th largest position.
Several other institutional investors and hedge funds have also modified their holdings of the stock. Janney Montgomery Scott LLC lifted its position in Entegris by 8.4% during the 4th 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 last quarter. Blue Trust Inc. raised its position in 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 purchasing an additional 421 shares in the last quarter. Caprock Group LLC grew its stake in Entegris by 30.9% during the fourth quarter. Caprock Group LLC now owns 5,121 shares of the semiconductor company's stock worth $507,000 after buying an additional 1,209 shares during the last quarter. Trust Point Inc. bought a new stake in Entegris during the fourth quarter worth about $449,000. Finally, E. Ohman J or Asset Management AB grew its stake 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 worth $799,000 after buying an additional 1,570 shares during the last quarter.
Entegris Price Performance
Entegris stock traded up $0.90 during mid-day trading on Friday, reaching $72.92. The company had a trading volume of 3,757,400 shares, compared to its average volume of 2,601,493. Entegris, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $147.57. 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 P/E ratio of 37.78, a P/E/G ratio of 1.50 and a beta of 1.24. The business has a fifty day simple moving average of $74.44 and a 200 day simple moving average of $92.53.
Entegris (NASDAQ:ENTG - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.02). The business had revenue of $773.20 million for the quarter, compared to the consensus estimate of $790.75 million. Entegris had a net margin of 9.03% and a return on equity of 12.83%. Entegris's revenue was up .3% on a year-over-year basis. 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 earnings per share for the current year.
Entegris Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Wednesday, April 30th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend was Wednesday, April 30th. Entegris's dividend payout ratio is presently 19.61%.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on ENTG shares. Needham & Company LLC reiterated a "buy" rating and set a $100.00 target price on shares of Entegris in a research report on Tuesday, May 20th. KeyCorp dropped their price objective on shares of Entegris from $130.00 to $117.00 and set an "overweight" rating on the stock in a 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. UBS Group cut their price target 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. Finally, Citigroup lowered their price objective on shares of Entegris from $125.00 to $102.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price 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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