Entegris, Inc. (NASDAQ:ENTG) Stock Position Raised by Rhumbline Advisers

Rhumbline Advisers grew its stake in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 124.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 462,162 shares of the semiconductor company's stock after purchasing an additional 256,710 shares during the quarter. Rhumbline Advisers owned approximately 0.31% of Entegris worth $40,430,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in ENTG. Central Pacific Bank Trust Division grew 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 valued at $27,000 after purchasing an additional 171 shares during the last quarter. Quarry LP bought a new position in shares of Entegris during the fourth quarter valued at approximately $28,000. Neo Ivy Capital Management bought a new position in shares of Entegris during the fourth quarter valued at approximately $34,000. Proficio Capital Partners LLC bought a new position in Entegris in the 4th quarter worth approximately $42,000. Finally, Parvin Asset Management LLC acquired a new stake in Entegris in the 4th quarter valued at approximately $69,000.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Needham & Company LLC restated a "buy" rating and issued a $100.00 target price on shares of Entegris in a research report on Tuesday, May 20th. UBS Group lowered their target price on Entegris from $90.00 to $85.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Citigroup lowered their target price on Entegris from $125.00 to $102.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. KeyCorp lowered their target price on Entegris from $130.00 to $117.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. Finally, Wall Street Zen cut Entegris from a "hold" rating to a "sell" rating in a research report on Saturday, April 19th. One equities 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 company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $113.00.

Entegris Price Performance

Shares of ENTG stock traded down $0.60 during mid-day trading on Thursday, hitting $72.02. 4,167,773 shares of the stock traded hands, compared to its average volume of 2,580,331. Entegris, Inc. has a twelve month low of $60.75 and a twelve month high of $147.57. The firm has a market cap of $10.90 billion, a price-to-earnings ratio of 37.32, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33. The company's 50-day simple moving average is $75.02 and its 200-day simple moving average is $92.95. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.86 and a current ratio of 3.08.

Entegris (NASDAQ:ENTG - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.02). The firm had revenue of $773.20 million for the quarter, compared to analyst estimates of $790.75 million. Entegris had a net margin of 9.03% and a return on equity of 12.83%. The firm's revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter last year, the business posted $0.68 earnings per share. As a group, equities research analysts expect that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Wednesday, April 30th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend was Wednesday, April 30th. Entegris's dividend payout ratio is presently 19.61%.

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).