Tpg Gp A LLC Makes New Investment in Entegris, Inc. (NASDAQ:ENTG)

TPG GP A LLC purchased a new stake in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 1,167,362 shares of the semiconductor company's stock, valued at approximately $115,639,000. Entegris comprises 1.9% of TPG GP A LLC's investment 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.

Other large investors have also added to or reduced their stakes in the company. Quarry LP purchased a new stake in Entegris during the 4th quarter valued at about $28,000. Proficio Capital Partners LLC purchased a new stake in Entegris during the 4th quarter valued at about $42,000. Parvin Asset Management LLC acquired a new position in shares of Entegris in the 4th quarter valued at about $69,000. Promus Capital LLC acquired a new position in shares of Entegris in the 4th quarter valued at about $71,000. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Entegris by 27.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 731 shares of the semiconductor company's stock valued at $73,000 after buying an additional 158 shares during the period.

Analyst Upgrades and Downgrades

ENTG has been the subject of several analyst reports. KeyCorp decreased their price objective on Entegris from $130.00 to $117.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Wall Street Zen cut Entegris from a "hold" rating to a "sell" rating in a report on Saturday, April 19th. Needham & Company LLC reissued a "buy" rating and issued a $100.00 price objective on shares of Entegris in a report on Tuesday. Citigroup decreased their price objective on Entegris from $125.00 to $102.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Finally, UBS Group decreased their price objective on Entegris from $90.00 to $85.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $113.00.

Entegris Price Performance

NASDAQ:ENTG traded down $0.83 during trading hours on Friday, hitting $72.34. 2,879,530 shares of the stock were exchanged, compared to its average volume of 2,502,915. Entegris, Inc. has a 52-week low of $60.75 and a 52-week high of $147.57. The firm's fifty day moving average price is $78.80 and its 200 day moving average price is $94.74. 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 company has a market cap of $10.95 billion, a P/E ratio of 37.48, a P/E/G ratio of 1.50 and a beta of 1.33.

Entegris (NASDAQ:ENTG - Get Free Report) last posted its quarterly earnings data 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 12.83% and a net margin of 9.03%. The firm had revenue of $773.20 million for the quarter, compared to analysts' expectations of $790.75 million. During the same quarter last year, the firm posted $0.68 earnings per share. Entegris's quarterly revenue was up .3% on a year-over-year basis. As a group, equities research analysts anticipate 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. Stockholders of record on Wednesday, April 30th were given a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.55%. Entegris's dividend payout ratio (DPR) is presently 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).