Perpetual Ltd Takes $23.08 Million Position in Entegris, Inc. (NASDAQ:ENTG)

Perpetual Ltd bought a new stake in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 263,831 shares of the semiconductor company's stock, valued at approximately $23,080,000. Perpetual Ltd owned approximately 0.17% of Entegris at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Quarry LP acquired a new stake in shares of Entegris in the fourth quarter valued at about $28,000. Central Pacific Bank Trust Division grew its position in shares of Entegris by 125.7% in the first 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 during the last quarter. Neo Ivy Capital Management acquired a new stake in shares of Entegris in the fourth quarter valued at about $34,000. Curat Global LLC acquired a new stake in shares of Entegris in the first quarter valued at about $39,000. Finally, Parvin Asset Management LLC acquired a new stake in shares of Entegris in the fourth quarter valued at about $69,000.

Entegris Price Performance

NASDAQ ENTG traded down $1.73 during trading on Monday, reaching $80.65. 2,347,876 shares of the company traded hands, compared to its average volume of 2,728,544. 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 stock's 50 day moving average price is $77.08 and its two-hundred day moving average price is $89.23. The company has a market cap of $12.21 billion, a price-to-earnings ratio of 39.53, a P/E/G ratio of 1.84 and a beta of 1.24. Entegris, Inc. has a 1-year low of $60.75 and a 1-year high of $147.57.

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

Entegris Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Wednesday, April 30th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date was Wednesday, April 30th. Entegris's dividend payout ratio (DPR) is currently 19.61%.

Analyst Upgrades and Downgrades

ENTG has been the topic of several research analyst reports. Wall Street Zen downgraded Entegris from a "hold" rating to a "sell" rating in a research report on Saturday, April 19th. KeyCorp lowered their price target on Entegris from $130.00 to $117.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. Citigroup lowered their price target on Entegris from $125.00 to $102.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. UBS Group lowered their price target on Entegris from $90.00 to $85.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Finally, Needham & Company LLC reissued a "buy" rating and set a $100.00 target price on shares of Entegris in a research report on Tuesday, May 20th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $113.00.

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).