141,000 Shares in Entegris, Inc. (NASDAQ:ENTG) Purchased by ING Groep NV

Key Points

• ING Groep NV has acquired 141,000 shares of Entegris, Inc., valued at approximately $12.3 million, during the first quarter, indicating a growing institutional interest in the semiconductor company.
• Entegris reported earnings of $0.66 per share in its latest quarter, surpassing expectations, although revenue decreased by 2.5% year-over-year.
• The company announced a quarterly dividend of $0.10 per share, translating to an annualized yield of 0.5%, with a payout ratio of 20.62%.

ING Groep NV acquired a new position in Entegris, Inc. (NASDAQ:ENTG - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 141,000 shares of the semiconductor company's stock, valued at approximately $12,335,000. ING Groep NV owned approximately 0.09% of Entegris as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ENTG. O Shaughnessy Asset Management LLC increased its holdings in Entegris by 19.1% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 10,433 shares of the semiconductor company's stock worth $1,033,000 after buying an additional 1,676 shares during the last quarter. ExodusPoint Capital Management LP acquired a new position in Entegris during the fourth quarter worth $4,349,000. Landscape Capital Management L.L.C. acquired a new position in Entegris during the fourth quarter worth $216,000. Resona Asset Management Co. Ltd. acquired a new position in Entegris during the fourth quarter worth $4,662,000. Finally, Russell Investments Group Ltd. increased its holdings in Entegris by 59.9% during the fourth quarter. Russell Investments Group Ltd. now owns 150,591 shares of the semiconductor company's stock worth $14,926,000 after buying an additional 56,423 shares during the last quarter.

Analyst Upgrades and Downgrades

ENTG has been the topic of several research reports. UBS Group decreased their price objective on shares of Entegris from $95.00 to $90.00 and set a "neutral" rating on the stock in a report on Thursday, July 31st. Wall Street Zen downgraded shares of Entegris from a "hold" rating to a "sell" rating in a report on Saturday. Mizuho upped 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. Citigroup decreased their price objective 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. Finally, KeyCorp reiterated an "overweight" rating and issued a $103.00 price objective (down from $112.00) on shares of Entegris in a report on Thursday, July 31st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, Entegris presently has a consensus rating of "Moderate Buy" and a consensus target price of $106.44.

Entegris Price Performance

NASDAQ:ENTG traded down $1.11 during mid-day trading on Wednesday, reaching $72.23. The stock had a trading volume of 3,043,810 shares, compared to its average volume of 3,122,920. The firm has a 50 day moving average price of $81.44 and a two-hundred day moving average price of $86.56. The stock has a market capitalization of $10.95 billion, a P/E ratio of 37.23 and a beta of 1.22. Entegris, Inc. has a one year low of $60.75 and a one year high of $119.95. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.95 and a current ratio of 3.30.

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

Entegris Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 20th. Investors of record on Wednesday, July 30th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Wednesday, July 30th. Entegris's dividend payout ratio is presently 20.62%.

Insiders Place Their Bets

In related news, SVP Clinton M. Haris sold 3,627 shares of the company's stock in a transaction on Thursday, July 17th. The stock was sold at an average price of $90.00, for a total value of $326,430.00. Following the sale, the senior vice president directly owned 37,743 shares of the company's stock, valued at $3,396,870. This represents a 8.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.67% of the stock is currently owned by insiders.

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).