Tpg Gp A LLC Invests $115.64 Million in Entegris, Inc. (NASDAQ:ENTG)

Tpg Gp A LLC acquired a new position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,167,362 shares of the semiconductor company's stock, valued at approximately $115,639,000. Entegris makes up approximately 1.9% of Tpg Gp A LLC's portfolio, making the stock its 10th biggest holding. Tpg Gp A LLC owned 0.77% of Entegris at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Quarry LP bought a new position in shares of Entegris in the fourth quarter worth about $28,000. Proficio Capital Partners LLC acquired a new position in shares of Entegris in the 4th quarter worth approximately $42,000. Parvin Asset Management LLC acquired a new position in Entegris during the 4th quarter worth $69,000. Promus Capital LLC acquired a new position in Entegris during the 4th quarter worth $71,000. Finally, Smartleaf Asset Management LLC lifted its holdings in Entegris by 27.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 731 shares of the semiconductor company's stock worth $73,000 after buying an additional 158 shares in the last quarter.

Entegris Stock Performance

ENTG stock opened at $78.24 on Monday. The business's 50-day moving average price is $81.18 and its two-hundred day moving average price is $95.66. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.08. The firm has a market cap of $11.85 billion, a PE ratio of 40.54, a P/E/G ratio of 1.50 and a beta of 1.33. Entegris, Inc. has a 1-year low of $60.75 and a 1-year high of $147.57.

Entegris (NASDAQ:ENTG - Get Free Report) last released its earnings results on Wednesday, May 7th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.69 by ($0.02). The firm had revenue of $773.20 million for 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%. Entegris's revenue for the quarter was up .3% on a year-over-year basis. During the same quarter last year, the company posted $0.68 EPS. As a group, research analysts forecast that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Wednesday, April 30th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend is Wednesday, April 30th. Entegris's dividend payout ratio (DPR) is presently 19.61%.

Wall Street Analyst Weigh In

ENTG has been the subject of several recent research reports. Needham & Company LLC dropped their target price on shares of Entegris from $120.00 to $100.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. StockNews.com cut shares of Entegris from a "hold" rating to a "sell" rating in a research report on Saturday, April 19th. KeyCorp dropped their target price on shares of Entegris from $130.00 to $117.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. UBS Group dropped their target price on shares of Entegris from $90.00 to $85.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Finally, Citigroup dropped 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 company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $113.00.

Insiders Place Their Bets

In related news, SVP Olivier Blachier sold 984 shares of Entegris stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $108.00, for a total value of $106,272.00. Following the sale, the senior vice president now owns 10,903 shares of the company's stock, valued at approximately $1,177,524. The trade was a 8.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.67% of the company's stock.

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).

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