Gateway Investment Advisers LLC Has $1.54 Million Stock Position in Entegris, Inc. (NASDAQ:ENTG)

Gateway Investment Advisers LLC boosted its position in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 24.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,575 shares of the semiconductor company's stock after acquiring an additional 3,435 shares during the quarter. Gateway Investment Advisers LLC's holdings in Entegris were worth $1,537,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ENTG. Vanguard Group Inc. boosted its stake in shares of Entegris by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 15,202,146 shares of the semiconductor company's stock valued at $1,505,925,000 after purchasing an additional 169,180 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Entegris by 33.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 11,194,612 shares of the semiconductor company's stock valued at $1,108,940,000 after buying an additional 2,826,463 shares in the last quarter. Norges Bank acquired a new stake in Entegris in the fourth quarter valued at approximately $445,988,000. D1 Capital Partners L.P. grew its stake in shares of Entegris by 329.4% during the fourth quarter. D1 Capital Partners L.P. now owns 2,752,902 shares of the semiconductor company's stock worth $272,702,000 after buying an additional 2,111,801 shares during the last quarter. Finally, Cantillon Capital Management LLC lifted its stake in shares of Entegris by 12.6% in the 4th quarter. Cantillon Capital Management LLC now owns 2,616,354 shares of the semiconductor company's stock valued at $259,176,000 after acquiring an additional 291,893 shares during the last quarter.

Wall Street Analyst Weigh In

ENTG has been the topic of a number of recent research reports. Citigroup cut their price target on shares of Entegris from $125.00 to $102.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. KeyCorp cut their target price on 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 Entegris from a "hold" rating to a "sell" rating in a research note on Saturday, April 19th. UBS Group cut their price objective on Entegris from $90.00 to $85.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $100.00 target price on shares of Entegris in a report on Tuesday, May 20th. 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 company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $113.00.

Entegris Stock Down 0.6%

NASDAQ:ENTG traded down $0.50 during trading hours on Wednesday, reaching $79.14. The company had a trading volume of 1,215,436 shares, compared to its average volume of 2,627,683. Entegris, Inc. has a twelve month low of $60.75 and a twelve month high of $147.57. The company has a quick ratio of 1.86, a current ratio of 3.08 and a debt-to-equity ratio of 1.08. The firm has a market cap of $11.98 billion, a price-to-earnings ratio of 41.00, a P/E/G ratio of 1.50 and a beta of 1.24. The business's 50-day simple moving average is $74.45 and its two-hundred day simple moving average is $92.15.

Entegris (NASDAQ:ENTG - Get Free Report) last issued its earnings results on Wednesday, May 7th. The semiconductor company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.02). Entegris had a net margin of 9.03% and a return on equity of 12.83%. The firm had revenue of $773.20 million during the quarter, compared to analyst estimates of $790.75 million. During the same quarter in the prior year, the business earned $0.68 earnings per share. The business's quarterly revenue was up .3% on a year-over-year basis. On average, equities analysts expect 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 issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend was Wednesday, April 30th. Entegris's dividend payout ratio is currently 19.61%.

Entegris 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).