SG Americas Securities LLC acquired a new position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,202 shares of the semiconductor company's stock, valued at approximately $805,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC boosted its stake in shares of Entegris by 80.5% during the first quarter. GAMMA Investing LLC now owns 3,210 shares of the semiconductor company's stock valued at $281,000 after purchasing an additional 1,432 shares during the period. Yousif Capital Management LLC bought a new position in Entegris in the first quarter worth $4,577,000. Portside Wealth Group LLC increased its holdings in shares of Entegris by 11.2% during the first quarter. Portside Wealth Group LLC now owns 3,756 shares of the semiconductor company's stock valued at $329,000 after acquiring an additional 378 shares in the last quarter. Fenimore Asset Management Inc increased its holdings in shares of Entegris by 3.1% during 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 in the last quarter. Finally, Park Avenue Securities LLC increased its holdings in shares of Entegris by 0.7% during the first quarter. Park Avenue Securities LLC now owns 29,737 shares of the semiconductor company's stock valued at $2,601,000 after acquiring an additional 201 shares in the last quarter.
Analyst Ratings Changes
Several equities research analysts recently commented on the company. UBS Group dropped their price objective on Entegris from $90.00 to $85.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Wall Street Zen cut Entegris from a "hold" rating to a "sell" rating in a research report on Saturday, April 19th. Needham & Company LLC reissued a "buy" rating and issued a $100.00 price target on shares of Entegris in a report on Tuesday, May 20th. KeyCorp lowered their price target on Entegris from $130.00 to $117.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. Finally, Citigroup reduced their price objective on Entegris from $125.00 to $102.00 and set a "buy" 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, the stock currently has an average rating of "Moderate Buy" and an average target price of $113.00.
Check Out Our Latest Stock Analysis on ENTG
Entegris Price Performance
Shares of Entegris stock opened at $76.24 on Friday. Entegris, Inc. has a 12 month low of $60.75 and a 12 month high of $147.57. The company has a debt-to-equity ratio of 1.06, a current ratio of 3.26 and a quick ratio of 1.95. The stock has a market capitalization of $11.54 billion, a P/E ratio of 37.37, a PEG ratio of 1.71 and a beta of 1.24. The business has a 50 day simple moving average of $75.59 and a two-hundred day simple moving average of $90.84.
Entegris (NASDAQ:ENTG - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The semiconductor company reported $0.67 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 earned $0.68 earnings per share. The company's quarterly revenue was up .3% on a year-over-year basis. As a group, analysts predict that Entegris, Inc. will post 3.51 EPS for the current fiscal year.
Entegris Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Wednesday, April 30th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date was Wednesday, April 30th. Entegris's dividend payout ratio is currently 19.61%.
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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