Victory Capital Management Inc. Grows Stake in Entegris, Inc. (NASDAQ:ENTG)

Key Points

• Victory Capital Management Inc. increased its stake in Entegris, Inc. by 16.8% during the first quarter, holding a total of 72,368 shares valued at approximately $6.3 million.
• Several institutional investors, including Norges Bank and Principal Financial Group Inc., have significantly raised their holdings in Entegris, showcasing increased investor confidence in the semiconductor company.
• Entegris recently announced a quarterly dividend of $0.10 per share, contributing to an annualized dividend yield of 0.44%.

Victory Capital Management Inc. grew its stake in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 16.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 72,368 shares of the semiconductor company's stock after buying an additional 10,396 shares during the quarter. Victory Capital Management Inc.'s holdings in Entegris were worth $6,331,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. grew its position in Entegris by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 15,202,146 shares of the semiconductor company's stock valued at $1,505,925,000 after purchasing an additional 169,180 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Entegris by 33.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 11,194,612 shares of the semiconductor company's stock worth $1,108,940,000 after buying an additional 2,826,463 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Entegris by 235.8% during the 1st quarter. Principal Financial Group Inc. now owns 5,014,198 shares of the semiconductor company's stock worth $438,642,000 after buying an additional 3,520,997 shares during the period. Norges Bank acquired a new position in Entegris during the 4th quarter valued at $445,988,000. Finally, D1 Capital Partners L.P. raised its stake in Entegris by 329.4% during the 4th quarter. D1 Capital Partners L.P. now owns 2,752,902 shares of the semiconductor company's stock valued at $272,702,000 after purchasing an additional 2,111,801 shares during the last quarter.

Insider Activity at Entegris

In other Entegris news, SVP Clinton M. Haris sold 3,627 shares of the stock in a transaction on Thursday, July 17th. The stock was sold at an average price of $90.00, for a total value of $326,430.00. Following the completion of the transaction, the senior vice president owned 37,743 shares in the company, valued at approximately $3,396,870. This represents a 8.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.61% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

ENTG has been the subject of a number of recent analyst reports. Wall Street Zen cut shares of Entegris from a "hold" rating to a "sell" rating in a research report on Saturday, April 19th. KeyCorp reduced their price objective on shares of Entegris from $117.00 to $112.00 and set an "overweight" rating on the stock in a research note on Monday, July 14th. The Goldman Sachs Group assumed coverage on shares of Entegris in a research note on Thursday, July 10th. They issued a "neutral" rating and a $85.00 price target on the stock. UBS Group lifted their price objective on shares of Entegris from $85.00 to $95.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Finally, 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. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Entegris has an average rating of "Moderate Buy" and a consensus price target of $108.00.

Entegris Trading Down 0.5%

Shares of ENTG stock traded down $0.44 during trading hours on Tuesday, hitting $91.56. 781,464 shares of the company were exchanged, compared to its average volume of 3,290,496. The firm has a market cap of $13.86 billion, a P/E ratio of 44.70 and a beta of 1.27. Entegris, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $128.67. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.95 and a current ratio of 3.26. The company has a 50 day simple moving average of $80.80 and a two-hundred day simple moving average of $87.42.

Entegris (NASDAQ:ENTG - Get Free Report) last posted its earnings results on Wednesday, May 7th. The semiconductor company reported $0.67 earnings per share for the quarter, missing analysts' consensus estimates of $0.69 by ($0.02). Entegris had a net margin of 9.57% and a return on equity of 12.48%. The company had revenue of $773.20 million for the quarter, compared to analysts' expectations of $790.75 million. During the same period in the previous year, the firm earned $0.68 EPS. The firm's quarterly revenue was up .3% compared to the same quarter last year. Equities analysts anticipate that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 20th. Shareholders of record on Wednesday, July 30th will be given a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, July 30th. This represents a $0.40 annualized dividend and a yield of 0.44%. Entegris's payout ratio is currently 19.61%.

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).