Tran Capital Management L.P. Cuts Holdings in Entegris, Inc. (NASDAQ:ENTG)

Tran Capital Management L.P. reduced its position in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 52.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 111,267 shares of the semiconductor company's stock after selling 123,659 shares during the quarter. Entegris accounts for about 1.3% of Tran Capital Management L.P.'s holdings, making the stock its 27th largest holding. Tran Capital Management L.P. owned approximately 0.07% of Entegris worth $9,734,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Simon Quick Advisors LLC boosted its holdings in Entegris by 28.1% during the 1st quarter. Simon Quick Advisors LLC now owns 6,079 shares of the semiconductor company's stock valued at $532,000 after acquiring an additional 1,334 shares during the period. Sarasin & Partners LLP purchased a new stake in Entegris during the 1st quarter valued at about $1,544,000. SG Americas Securities LLC purchased a new stake in Entegris during the 1st quarter valued at about $805,000. GAMMA Investing LLC boosted its holdings in Entegris by 80.5% during the 1st quarter. GAMMA Investing LLC now owns 3,210 shares of the semiconductor company's stock valued at $281,000 after acquiring an additional 1,432 shares during the period. Finally, Yousif Capital Management LLC purchased a new stake in Entegris during the 1st quarter valued at about $4,577,000.

Entegris Stock Down 5.4%

Shares of NASDAQ:ENTG traded down $4.28 during trading on Friday, hitting $75.34. The stock had a trading volume of 3,669,721 shares, compared to its average volume of 2,667,884. Entegris, Inc. has a 12 month low of $60.75 and a 12 month high of $147.57. The company has a market capitalization of $11.41 billion, a PE ratio of 39.04, a PEG ratio of 1.50 and a beta of 1.24. The firm's fifty day moving average is $75.22 and its 200 day moving average is $91.46. 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 announced its earnings results 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 12.83% and a net margin of 9.03%. The firm had revenue of $773.20 million during the quarter, compared to the consensus estimate of $790.75 million. During the same period in the prior year, the company posted $0.68 EPS. The firm's revenue was up .3% on a year-over-year basis. Analysts anticipate that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Wednesday, April 30th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend was Wednesday, April 30th. Entegris's dividend payout ratio (DPR) is presently 19.61%.

Analyst Ratings Changes

ENTG has been the subject of several research analyst reports. KeyCorp dropped 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 reiterated a "buy" rating and issued a $100.00 price objective on shares of Entegris in a report on Tuesday, May 20th. UBS Group dropped 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. Finally, Citigroup dropped 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. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $113.00.

Entegris 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).