Louisbourg Investments Inc. Has $2.77 Million Stock Holdings in Entegris, Inc. (NASDAQ:ENTG)

Louisbourg Investments Inc. boosted its holdings in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 45.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 31,640 shares of the semiconductor company's stock after acquiring an additional 9,875 shares during the quarter. Louisbourg Investments Inc.'s holdings in Entegris were worth $2,768,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of ENTG. QRG Capital Management Inc. grew its position in Entegris by 29.9% during the first quarter. QRG Capital Management Inc. now owns 10,867 shares of the semiconductor company's stock valued at $951,000 after purchasing an additional 2,499 shares in the last quarter. James Hambro & Partners LLP grew its holdings in shares of Entegris by 7.0% during the 1st quarter. James Hambro & Partners LLP now owns 786,491 shares of the semiconductor company's stock valued at $68,885,000 after acquiring an additional 51,242 shares in the last quarter. Simon Quick Advisors LLC raised its holdings in shares of Entegris by 28.1% during the first quarter. Simon Quick Advisors LLC now owns 6,079 shares of the semiconductor company's stock worth $532,000 after acquiring an additional 1,334 shares in the last quarter. Sarasin & Partners LLP purchased a new stake in shares of Entegris during the first quarter worth $1,544,000. Finally, SG Americas Securities LLC acquired a new stake in Entegris during the first quarter valued at $805,000.

Entegris Stock Performance

ENTG stock traded down $0.82 during mid-day trading on Friday, reaching $75.42. 3,545,784 shares of the stock traded hands, compared to its average volume of 2,684,323. The firm has a market capitalization of $11.42 billion, a PE ratio of 36.97, a P/E/G ratio of 1.71 and a beta of 1.24. The business has a 50-day moving average of $75.59 and a two-hundred day moving average of $90.84. Entegris, Inc. has a 52 week low of $60.75 and a 52 week high of $147.57. The company has a quick ratio of 1.95, a current ratio of 3.26 and a debt-to-equity ratio of 1.06.

Entegris (NASDAQ:ENTG - Get Free Report) last announced its 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). 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 9.57% and a return on equity of 12.48%. Entegris's revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.68 EPS. As a group, equities analysts predict that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Investors 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 yield of 0.53%. The ex-dividend date of this dividend was Wednesday, April 30th. Entegris's dividend payout ratio (DPR) is currently 19.61%.

Analyst Ratings Changes

ENTG has been the subject of several recent research reports. Citigroup lowered their price target on Entegris from $125.00 to $102.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Wall Street Zen downgraded shares of Entegris from a "hold" rating to a "sell" rating in a report on Saturday, April 19th. UBS Group decreased their price objective on shares of Entegris from $90.00 to $85.00 and set a "neutral" rating for the company 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. Finally, Needham & Company LLC reiterated a "buy" rating and set a $100.00 price target on shares of Entegris in a research note 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 issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $113.00.

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).