Securian Asset Management Inc. purchased a new position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 11,433 shares of the semiconductor company's stock, valued at approximately $1,000,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Louisiana State Employees Retirement System bought a new position in Entegris during the 1st quarter valued at $3,700,000. Mutual of America Capital Management LLC bought a new stake in shares of Entegris during the 1st quarter worth $6,804,000. Callahan Advisors LLC boosted its stake in shares of Entegris by 41.6% during the 1st quarter. Callahan Advisors LLC now owns 39,697 shares of the semiconductor company's stock worth $3,473,000 after acquiring an additional 11,654 shares in the last quarter. Diversify Wealth Management LLC boosted its stake in shares of Entegris by 14.0% during the 1st quarter. Diversify Wealth Management LLC now owns 7,429 shares of the semiconductor company's stock worth $650,000 after acquiring an additional 913 shares in the last quarter. Finally, Xponance Inc. boosted its stake in shares of Entegris by 40.0% during the 1st quarter. Xponance Inc. now owns 38,725 shares of the semiconductor company's stock worth $3,388,000 after acquiring an additional 11,058 shares in the last quarter.
Entegris Stock Up 0.5%
Shares of NASDAQ:ENTG traded up $0.48 during midday trading on Friday, hitting $90.75. 1,960,608 shares of the stock were exchanged, compared to its average volume of 2,768,686. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.95 and a current ratio of 3.26. Entegris, Inc. has a 52-week low of $60.75 and a 52-week high of $136.46. The business's fifty day simple moving average is $79.10 and its two-hundred day simple moving average is $87.99. The company has a market capitalization of $13.74 billion, a PE ratio of 44.49, a P/E/G ratio of 1.96 and a beta of 1.27.
Entegris (NASDAQ:ENTG - Get Free Report) last announced its quarterly earnings data 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). Entegris had a return on equity of 12.48% and a net margin of 9.57%. The firm had revenue of $773.20 million for the quarter, compared to analysts' expectations of $790.75 million. During the same quarter in the prior year, the business posted $0.68 earnings per share. Entegris's revenue was up .3% on a year-over-year basis. As a group, research analysts predict that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.
Entegris Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 20th. Shareholders of record on Wednesday, July 30th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, July 30th. This represents a $0.40 annualized dividend and a yield of 0.44%. Entegris's dividend payout ratio (DPR) is currently 19.61%.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on ENTG. Wall Street Zen lowered Entegris from a "hold" rating to a "sell" rating in a research note on Saturday, April 19th. The Goldman Sachs Group started coverage on Entegris in a research report on Thursday, July 10th. They issued a "neutral" rating and a $85.00 target price for the company. Citigroup decreased their target price on Entegris from $125.00 to $102.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. UBS Group decreased their target price on Entegris from $90.00 to $85.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Finally, Mizuho raised their target price on Entegris from $90.00 to $98.00 and gave the stock an "outperform" rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Entegris currently has a consensus rating of "Moderate Buy" and a consensus target price of $106.89.
Read Our Latest Research Report on ENTG
About Entegris
(
Free Report)
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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