Tran Capital Management L.P. Has $9.73 Million Stake in Entegris, Inc. (NASDAQ:ENTG)

Tran Capital Management L.P. lessened its position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 52.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 111,267 shares of the semiconductor company's stock after selling 123,659 shares during the quarter. Entegris makes up 1.3% of Tran Capital Management L.P.'s holdings, making the stock its 27th biggest position. Tran Capital Management L.P. owned about 0.07% of Entegris worth $9,734,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. raised its stake in Entegris by 4.3% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 300,990 shares of the semiconductor company's stock worth $29,816,000 after purchasing an additional 12,314 shares during the period. Empowered Funds LLC grew its holdings in shares of Entegris by 19.8% in the fourth quarter. Empowered Funds LLC now owns 23,101 shares of the semiconductor company's stock valued at $2,288,000 after purchasing an additional 3,816 shares in the last quarter. Louisbourg Investments Inc. acquired a new position in shares of Entegris in the fourth quarter valued at approximately $2,156,000. Values First Advisors Inc. grew its holdings in shares of Entegris by 55.0% in the fourth quarter. Values First Advisors Inc. now owns 6,004 shares of the semiconductor company's stock valued at $595,000 after purchasing an additional 2,130 shares in the last quarter. Finally, Van ECK Associates Corp grew its holdings in shares of Entegris by 3.1% in the fourth quarter. Van ECK Associates Corp now owns 110,364 shares of the semiconductor company's stock valued at $10,933,000 after purchasing an additional 3,267 shares in the last quarter.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ENTG. KeyCorp dropped their price objective on shares of Entegris from $130.00 to $117.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Needham & Company LLC reiterated a "buy" rating and set a $100.00 price target on shares of Entegris in a report on Tuesday, May 20th. Wall Street Zen cut shares of Entegris from a "hold" rating to a "sell" rating in a report on Saturday, April 19th. UBS Group lowered their price target on shares of Entegris from $90.00 to $85.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Finally, Citigroup lowered their price target on shares of Entegris from $125.00 to $102.00 and set a "buy" rating for the company in a report on Thursday, May 8th. One 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, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $113.00.

Entegris Stock Up 1.5%

Shares of ENTG traded up $1.14 during mid-day trading on Thursday, reaching $79.62. 3,378,366 shares of the stock traded hands, compared to its average volume of 2,651,401. The firm has a market cap of $12.05 billion, a price-to-earnings ratio of 41.25, a P/E/G ratio of 1.50 and a beta of 1.24. The stock has a fifty day simple moving average of $74.71 and a 200 day simple moving average of $92.05. Entegris, Inc. has a 12-month low of $60.75 and a 12-month high of $147.57. The company has a quick ratio of 1.86, a current ratio of 3.08 and a debt-to-equity ratio of 1.08.

Entegris (NASDAQ:ENTG - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The semiconductor company reported $0.67 EPS for the quarter, missing analysts' consensus estimates of $0.69 by ($0.02). Entegris had a return on equity of 12.83% and a net margin of 9.03%. The business had revenue of $773.20 million during the quarter, compared to analyst estimates of $790.75 million. During the same period in the prior year, the firm earned $0.68 EPS. The business's revenue for the quarter was up .3% compared to the same quarter last year. Sell-side analysts expect that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Wednesday, April 30th were issued a $0.10 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.50%. Entegris's dividend payout ratio is 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).