Xponance Inc. Increases Holdings in Entegris, Inc. (NASDAQ:ENTG)

Xponance Inc. increased its stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 40.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 38,725 shares of the semiconductor company's stock after purchasing an additional 11,058 shares during the quarter. Xponance Inc.'s holdings in Entegris were worth $3,388,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. Corient Private Wealth LLC grew its position in shares of Entegris by 1.1% in the fourth quarter. Corient Private Wealth LLC now owns 11,862 shares of the semiconductor company's stock valued at $1,175,000 after purchasing an additional 128 shares in the last quarter. Personal CFO Solutions LLC boosted its stake in Entegris by 6.0% during the first quarter. Personal CFO Solutions LLC now owns 2,466 shares of the semiconductor company's stock valued at $216,000 after buying an additional 140 shares during the period. First Hawaiian Bank boosted its stake in Entegris by 0.9% during the first quarter. First Hawaiian Bank now owns 15,786 shares of the semiconductor company's stock valued at $1,381,000 after buying an additional 143 shares during the period. HighPoint Advisor Group LLC boosted its stake in Entegris by 4.3% during the fourth quarter. HighPoint Advisor Group LLC now owns 3,559 shares of the semiconductor company's stock valued at $376,000 after buying an additional 146 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its stake in Entegris by 6.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 2,482 shares of the semiconductor company's stock valued at $246,000 after buying an additional 147 shares during the period.

Entegris Trading Down 0.5%

Shares of ENTG stock opened at $87.58 on Monday. The company has a quick ratio of 1.95, a current ratio of 3.26 and a debt-to-equity ratio of 1.06. The business has a 50-day moving average price of $78.52 and a two-hundred day moving average price of $88.17. Entegris, Inc. has a 12-month low of $60.75 and a 12-month high of $147.40. The firm has a market cap of $13.26 billion, a P/E ratio of 42.93, a price-to-earnings-growth ratio of 1.96 and a beta of 1.27.

Entegris (NASDAQ:ENTG - Get Free Report) last released 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 during the quarter, compared to the consensus estimate of $790.75 million. During the same period last year, the firm posted $0.68 EPS. The company's revenue was up .3% on a year-over-year basis. Equities analysts anticipate that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Wednesday, April 30th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend was Wednesday, April 30th. Entegris's dividend payout ratio (DPR) is presently 19.61%.

Analysts Set New Price Targets

Several research firms recently issued reports on ENTG. Wall Street Zen lowered Entegris from a "hold" rating to a "sell" rating in a research note on Saturday, April 19th. UBS Group dropped their price objective on Entegris from $90.00 to $85.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Needham & Company LLC reissued a "buy" rating and set a $100.00 price objective on shares of Entegris in a research note on Tuesday, May 20th. The Goldman Sachs Group began coverage on Entegris in a research note on Thursday. They set a "neutral" rating and a $85.00 price objective for the company. Finally, KeyCorp dropped their price objective on Entegris from $130.00 to $117.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $109.89.

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).

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