Oak Thistle LLC acquired a new stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The firm acquired 11,357 shares of the semiconductor company's stock, valued at approximately $994,000.
Other hedge funds have also recently made changes to their positions in the company. Quarry LP purchased a new position in shares of Entegris during the 4th quarter valued at $28,000. Central Pacific Bank Trust Division grew its position in shares of Entegris by 125.7% during the 1st quarter. Central Pacific Bank Trust Division now owns 307 shares of the semiconductor company's stock valued at $27,000 after purchasing an additional 171 shares in the last quarter. Neo Ivy Capital Management purchased a new position in shares of Entegris during the 4th quarter valued at $34,000. Curat Global LLC purchased a new position in shares of Entegris during the 1st quarter valued at $39,000. Finally, Parvin Asset Management LLC bought a new stake in shares of Entegris during the 4th quarter worth $69,000.
Analysts Set New Price Targets
Several analysts have weighed in on the stock. Citigroup lowered their price target on shares of Entegris from $125.00 to $102.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. UBS Group boosted their price target on shares of Entegris from $85.00 to $95.00 and gave the company a "neutral" rating in a research report on Monday, July 21st. The Goldman Sachs Group initiated coverage on shares of Entegris in a report on Thursday, July 10th. They issued a "neutral" rating and a $85.00 price objective on the stock. Mizuho upped their price objective on shares of Entegris from $90.00 to $98.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Finally, KeyCorp cut their price objective on shares of Entegris from $117.00 to $112.00 and set an "overweight" rating on the stock in a report on Monday, July 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Entegris has an average rating of "Moderate Buy" and a consensus price target of $108.00.
Get Our Latest Stock Report on Entegris
Entegris Stock Performance
ENTG traded up $0.73 during trading on Friday, hitting $91.85. The company's stock had a trading volume of 2,435,911 shares, compared to its average volume of 2,398,622. 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, Inc. has a one year low of $60.75 and a one year high of $130.56. The firm has a market cap of $13.91 billion, a PE ratio of 45.02, a P/E/G ratio of 2.04 and a beta of 1.27. The business's 50 day simple moving average is $80.47 and its 200-day simple moving average is $87.56.
Entegris (NASDAQ:ENTG - Get Free Report) last announced its quarterly earnings data 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 9.57% and a return on equity of 12.48%. The firm had revenue of $773.20 million for the quarter, compared to the consensus estimate of $790.75 million. During the same quarter in the previous year, the business earned $0.68 earnings per share. The firm's revenue for the quarter was up .3% on a year-over-year basis. As a group, sell-side analysts predict that Entegris, Inc. will post 3.51 EPS for the current fiscal year.
Entegris Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 20th. Stockholders of record on Wednesday, July 30th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, July 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.44%. Entegris's dividend payout ratio is currently 19.61%.
Insiders Place Their Bets
In other Entegris news, SVP Clinton M. Haris sold 3,627 shares of the business's stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $90.00, for a total transaction of $326,430.00. Following the sale, the senior vice president owned 37,743 shares of the company's stock, valued at approximately $3,396,870. The trade was a 8.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.67% of the company's stock.
About Entegris
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Free Report)
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).
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