Louisbourg Investments Inc. Purchases 9,875 Shares of Entegris, Inc. (NASDAQ:ENTG)

Louisbourg Investments Inc. lifted its holdings in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 45.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,640 shares of the semiconductor company's stock after acquiring an additional 9,875 shares during the period. Louisbourg Investments Inc.'s holdings in Entegris were worth $2,768,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in ENTG. Central Pacific Bank Trust Division raised its position in shares of Entegris by 125.7% in the 1st quarter. Central Pacific Bank Trust Division now owns 307 shares of the semiconductor company's stock worth $27,000 after acquiring an additional 171 shares in the last quarter. Quarry LP bought a new stake in Entegris in the 4th quarter valued at about $28,000. Neo Ivy Capital Management bought a new stake in Entegris in the 4th quarter valued at about $34,000. Curat Global LLC acquired a new stake in Entegris in the 1st quarter valued at $39,000. Finally, Proficio Capital Partners LLC acquired a new stake in Entegris in the 4th quarter valued at $42,000.

Entegris Stock Down 0.4%

Shares of ENTG traded down $0.31 on Thursday, hitting $76.24. 2,754,094 shares of the stock traded hands, compared to its average volume of 2,680,826. The company has a market capitalization of $11.54 billion, a PE ratio of 37.37, a P/E/G ratio of 1.71 and a beta of 1.24. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.95 and a current ratio of 3.26. The business has a 50 day simple moving average of $75.59 and a 200 day simple moving average of $90.84. Entegris, Inc. has a one year low of $60.75 and a one year high of $147.57.

Entegris (NASDAQ:ENTG - Get Free Report) last posted its earnings results on Wednesday, May 7th. The semiconductor company reported $0.67 EPS for the quarter, missing analysts' consensus estimates of $0.69 by ($0.02). Entegris had a return on equity of 12.48% and a net margin of 9.57%. The company had revenue of $773.20 million during the quarter, compared to the consensus estimate of $790.75 million. During the same period last year, the firm posted $0.68 EPS. The company's revenue for the quarter was up .3% on a year-over-year basis. As a group, equities analysts forecast that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Announces Dividend

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 dividend yield of 0.52%. The ex-dividend date was Wednesday, April 30th. Entegris's dividend payout ratio (DPR) is 19.61%.

Analysts Set New Price Targets

A number of analysts have commented on the company. Citigroup decreased their price objective on Entegris from $125.00 to $102.00 and set a "buy" rating for the company in a report on Thursday, May 8th. UBS Group lowered their price objective on Entegris from $90.00 to $85.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. KeyCorp reduced their target price on Entegris from $130.00 to $117.00 and set an "overweight" rating on the stock in a research note 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. Finally, Needham & Company LLC reissued a "buy" rating and issued a $100.00 target price on shares of Entegris in a research note on Tuesday, May 20th. One 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 stock. Based on data from MarketBeat, Entegris presently has a consensus rating of "Moderate Buy" and a consensus target price 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).