Sarasin & Partners LLP Takes $1.54 Million Position in Entegris, Inc. (NASDAQ:ENTG)

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

Other large investors have also recently bought and sold shares of the company. Corient Private Wealth LLC raised its position in Entegris by 1.1% in the fourth quarter. Corient Private Wealth LLC now owns 11,862 shares of the semiconductor company's stock worth $1,175,000 after purchasing an additional 128 shares in the last quarter. Torray Investment Partners LLC lifted its position in shares of Entegris by 0.9% during the 4th quarter. Torray Investment Partners LLC now owns 15,266 shares of the semiconductor company's stock worth $1,512,000 after buying an additional 129 shares during the period. Metis Global Partners LLC lifted its position in shares of Entegris by 7.1% during the 4th quarter. Metis Global Partners LLC now owns 2,049 shares of the semiconductor company's stock worth $203,000 after buying an additional 135 shares during the period. First Hawaiian Bank boosted its stake in Entegris by 0.9% in the 1st quarter. First Hawaiian Bank now owns 15,786 shares of the semiconductor company's stock valued at $1,381,000 after buying an additional 143 shares in the last quarter. Finally, HighPoint Advisor Group LLC grew its position in Entegris by 4.3% in the fourth quarter. HighPoint Advisor Group LLC now owns 3,559 shares of the semiconductor company's stock valued at $376,000 after acquiring an additional 146 shares during the period.

Entegris Stock Up 1.5%

Shares of Entegris stock traded up $1.14 during trading on Thursday, reaching $79.62. 3,378,365 shares of the company traded hands, compared to its average volume of 2,646,501. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.08 and a quick ratio of 1.86. The company has a 50 day moving average price of $74.71 and a 200-day moving average price of $92.05. Entegris, Inc. has a 1-year low of $60.75 and a 1-year high of $147.57. The firm has a market capitalization of $12.05 billion, a PE ratio of 41.25, a P/E/G ratio of 1.50 and a beta of 1.24.

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 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 the consensus estimate of $790.75 million. Entegris had a net margin of 9.03% and a return on equity of 12.83%. The company's quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the company earned $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 fiscal year.

Entegris Dividend Announcement

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 $0.10 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.50%. Entegris's dividend payout ratio (DPR) is 19.61%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on ENTG shares. Wall Street Zen lowered shares of Entegris from a "hold" rating to a "sell" rating in a report on Saturday, April 19th. UBS Group dropped their price target on shares of Entegris from $90.00 to $85.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. KeyCorp decreased their target price on Entegris from $130.00 to $117.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Needham & Company LLC reaffirmed a "buy" rating and set a $100.00 price objective on shares of Entegris in a research note on Tuesday, May 20th. Finally, Citigroup lowered their price objective on shares of Entegris from $125.00 to $102.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $113.00.

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).