Procyon Advisors LLC Makes New $559,000 Investment in Entegris, Inc. (NASDAQ:ENTG)

Procyon Advisors LLC bought a new stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,393 shares of the semiconductor company's stock, valued at approximately $559,000.

Several other hedge funds also recently modified their holdings of the stock. National Bank of Canada FI raised its stake in shares of Entegris by 66,855.0% during the 4th quarter. National Bank of Canada FI now owns 490,780 shares of the semiconductor company's stock worth $48,617,000 after purchasing an additional 490,047 shares during the period. Callan Family Office LLC purchased a new position in Entegris in the fourth quarter valued at approximately $308,000. Renaissance Technologies LLC bought a new position in Entegris during the fourth quarter valued at $7,549,000. Amica Mutual Insurance Co. lifted its position in shares of Entegris by 78.8% during the 4th quarter. Amica Mutual Insurance Co. now owns 91,849 shares of the semiconductor company's stock valued at $9,099,000 after buying an additional 40,472 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Entegris by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 2,560,896 shares of the semiconductor company's stock worth $253,225,000 after acquiring an additional 22,948 shares during the last quarter.

Wall Street Analyst Weigh In

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

Entegris Price Performance

NASDAQ ENTG opened at $72.92 on Monday. The company has a 50-day moving average price of $74.44 and a 200-day moving average price of $92.44. 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 1.86, a current ratio of 3.08 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $11.04 billion, a P/E ratio of 37.78, a PEG ratio of 1.50 and a beta of 1.24.

Entegris (NASDAQ:ENTG - Get Free Report) last released 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 company had revenue of $773.20 million for the quarter, compared to analysts' expectations of $790.75 million. Entegris had a net margin of 9.03% and a return on equity of 12.83%. Entegris's revenue for the quarter was up .3% on a year-over-year basis. During the same quarter last year, the firm posted $0.68 earnings per share. Equities research 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. Investors of record on Wednesday, April 30th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.55%. The ex-dividend date was Wednesday, April 30th. Entegris's dividend payout ratio (DPR) is presently 19.61%.

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).

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