Entegris, Inc. (NASDAQ:ENTG) Shares Sold by Narwhal Capital Management

Narwhal Capital Management lowered its position in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 21.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 41,125 shares of the semiconductor company's stock after selling 11,338 shares during the quarter. Narwhal Capital Management's holdings in Entegris were worth $3,598,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Quarry LP bought a new position in Entegris in the fourth quarter valued at $28,000. Central Pacific Bank Trust Division boosted its holdings in shares of Entegris by 125.7% during the first quarter. Central Pacific Bank Trust Division now owns 307 shares of the semiconductor company's stock worth $27,000 after purchasing an additional 171 shares during the period. Neo Ivy Capital Management purchased a new stake in shares of Entegris during the fourth quarter worth about $34,000. Curat Global LLC purchased a new stake in Entegris in the first quarter worth about $39,000. Finally, Parvin Asset Management LLC purchased a new stake in Entegris in the fourth quarter worth about $69,000.

Entegris Price Performance

Shares of ENTG traded up $5.76 during trading hours on Tuesday, reaching $81.73. 4,248,860 shares of the stock traded hands, compared to its average volume of 2,704,333. The company has a current ratio of 3.26, a quick ratio of 1.95 and a debt-to-equity ratio of 1.06. Entegris, Inc. has a 52-week low of $60.75 and a 52-week high of $147.57. The company's 50-day moving average price is $75.95 and its two-hundred day moving average price is $90.07. The company has a market cap of $12.37 billion, a P/E ratio of 40.06, a price-to-earnings-growth ratio of 1.70 and a beta of 1.24.

Entegris (NASDAQ:ENTG - Get Free Report) last announced its quarterly 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). The company had revenue of $773.20 million during the quarter, compared to analysts' expectations of $790.75 million. Entegris had a return on equity of 12.48% and a net margin of 9.57%. The firm's revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.68 EPS. On average, analysts anticipate that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Wednesday, April 30th were issued a $0.10 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.49%. Entegris's dividend payout ratio (DPR) is presently 19.61%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ENTG. Needham & Company LLC restated a "buy" rating and issued a $100.00 price objective on shares of Entegris in a report on Tuesday, May 20th. KeyCorp reduced their price target on shares of Entegris from $130.00 to $117.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. UBS Group cut their target price on shares of Entegris from $90.00 to $85.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Citigroup cut their target price on shares of Entegris from $125.00 to $102.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Finally, Wall Street Zen cut shares of Entegris from a "hold" rating to a "sell" rating in a research note on Saturday, April 19th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Entegris presently has a consensus rating of "Moderate Buy" and a consensus target price of $113.00.

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).