Sarasin & Partners LLP Makes New $1.54 Million Investment in Entegris, Inc. (NASDAQ:ENTG)

Sarasin & Partners LLP bought a new position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 17,655 shares of the semiconductor company's stock, valued at approximately $1,544,000.

Other large investors have also made changes to their positions in the company. National Bank of Canada FI raised its holdings in 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 last quarter. Freedom Financial Partners LLC acquired a new stake in shares of Entegris during the 1st quarter worth approximately $1,487,000. Deutsche Bank AG raised its stake in shares of Entegris by 434.1% during the fourth quarter. Deutsche Bank AG now owns 1,470,162 shares of the semiconductor company's stock worth $145,634,000 after buying an additional 1,194,903 shares during the last quarter. Callan Family Office LLC acquired a new position in Entegris in the fourth quarter valued at approximately $308,000. Finally, Fenimore Asset Management Inc boosted its stake in Entegris by 3.1% in the first quarter. Fenimore Asset Management Inc now owns 521,077 shares of the semiconductor company's stock valued at $45,584,000 after acquiring an additional 15,895 shares during the last quarter.

Analyst Upgrades and Downgrades

ENTG has been the subject of several recent research reports. Needham & Company LLC reiterated a "buy" rating and set a $100.00 target price on shares of Entegris in a research report on Tuesday, May 20th. Citigroup reduced 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. Wall Street Zen downgraded Entegris from a "hold" rating to a "sell" rating in a report on Saturday, April 19th. KeyCorp cut their target price on Entegris from $130.00 to $117.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. Finally, UBS Group reduced their target price on Entegris from $90.00 to $85.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. One research 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's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $113.00.

Entegris Trading Down 5.4%

Shares of ENTG traded down $4.28 during trading hours on Friday, reaching $75.34. The stock had a trading volume of 3,669,721 shares, compared to its average volume of 2,661,528. The company has a market cap of $11.41 billion, a P/E ratio of 39.04, a P/E/G ratio of 1.50 and a beta of 1.24. 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 50-day moving average of $75.22 and a 200 day moving average of $91.65.

Entegris (NASDAQ:ENTG - Get Free Report) last announced 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 business had revenue of $773.20 million during the quarter, compared to the consensus estimate of $790.75 million. Entegris had a return on equity of 12.83% and a net margin of 9.03%. The firm's revenue was up .3% compared to the same quarter last year. During the same quarter last year, the company earned $0.68 earnings per share. On average, sell-side analysts expect that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Wednesday, April 30th were issued a dividend of $0.10 per share. The ex-dividend date was Wednesday, April 30th. This represents a $0.40 annualized dividend and a yield of 0.53%. Entegris's dividend payout ratio (DPR) is currently 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).