Entegris, Inc. (NASDAQ:ENTG) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC lifted its stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 15,693.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 280,811 shares of the semiconductor company's stock after purchasing an additional 279,033 shares during the quarter. GAMMA Investing LLC owned about 0.19% of Entegris worth $24,565,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. National Bank of Canada FI increased its stake in Entegris by 66,855.0% during the 4th quarter. National Bank of Canada FI now owns 490,780 shares of the semiconductor company's stock valued at $48,617,000 after purchasing an additional 490,047 shares in the last quarter. Callan Family Office LLC purchased a new stake in shares of Entegris during the fourth quarter valued at $308,000. Renaissance Technologies LLC purchased a new stake in shares of Entegris during the fourth quarter valued at $7,549,000. Amica Mutual Insurance Co. increased its position in shares of Entegris by 78.8% in the 4th quarter. Amica Mutual Insurance Co. now owns 91,849 shares of the semiconductor company's stock valued at $9,099,000 after acquiring an additional 40,472 shares during the period. Finally, Geode Capital Management LLC raised its stake in Entegris by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 2,560,896 shares of the semiconductor company's stock worth $253,225,000 after acquiring an additional 22,948 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have commented on ENTG shares. Needham & Company LLC reaffirmed a "buy" rating and set a $100.00 price target on shares of Entegris in a research report on Tuesday, May 20th. Citigroup decreased their target price on Entegris from $125.00 to $102.00 and set a "buy" rating for the company in a report on Thursday, May 8th. KeyCorp dropped their target price on Entegris from $130.00 to $117.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. 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 report on Thursday, May 8th. Finally, Wall Street Zen lowered shares of Entegris from a "hold" rating to a "sell" rating in a research report on Saturday, April 19th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $113.00.

Entegris Stock Performance

Entegris stock traded up $0.90 during mid-day trading on Friday, hitting $72.92. The company had a trading volume of 3,757,400 shares, compared to its average volume of 2,589,675. The company has a market capitalization of $11.04 billion, a price-to-earnings ratio of 37.78, a P/E/G ratio of 1.50 and a beta of 1.33. Entegris, Inc. has a 12-month low of $60.75 and a 12-month high of $147.57. The company's fifty day moving average is $74.71 and its 200-day moving average is $92.76. 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 posted its 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 firm had revenue of $773.20 million during the quarter, compared to analyst estimates of $790.75 million. Entegris had a net margin of 9.03% and a return on equity of 12.83%. The business's revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.68 earnings per share. Equities research analysts predict that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Wednesday, April 30th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend was Wednesday, April 30th. Entegris's dividend payout ratio (DPR) 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).