Meridiem Capital Partners LP purchased a new position in Entegris, Inc. (NASDAQ:ENTG - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 120,998 shares of the semiconductor company's stock, valued at approximately $11,986,000. Meridiem Capital Partners LP owned approximately 0.08% of Entegris as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Quarry LP purchased a new position in shares of Entegris during the 4th quarter valued at approximately $28,000. Proficio Capital Partners LLC acquired a new stake in Entegris in the fourth quarter valued at $42,000. Parvin Asset Management LLC bought a new position in Entegris during the 4th quarter valued at $69,000. Eagle Bay Advisors LLC grew its holdings in Entegris by 4,375.0% during the 4th quarter. Eagle Bay Advisors LLC now owns 716 shares of the semiconductor company's stock worth $71,000 after acquiring an additional 700 shares in the last quarter. Finally, Promus Capital LLC bought a new stake in shares of Entegris in the 4th quarter worth about $71,000.
Analyst Ratings Changes
Several brokerages have recently commented on ENTG. KeyCorp decreased their target price on Entegris from $130.00 to $117.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. UBS Group reduced their price objective on Entegris from $90.00 to $85.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Needham & Company LLC lowered their target price on shares of Entegris from $120.00 to $100.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. StockNews.com cut shares of Entegris from a "hold" rating to a "sell" rating in a report on Saturday, April 19th. Finally, Citigroup decreased 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 equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $113.00.
Get Our Latest Analysis on ENTG
Entegris Stock Performance
Shares of ENTG traded down $0.29 during trading hours on Friday, reaching $78.24. 2,972,685 shares of the company's stock traded hands, compared to its average volume of 2,468,344. Entegris, Inc. has a twelve month low of $60.75 and a twelve month high of $147.57. The business's fifty day simple moving average is $81.49 and its two-hundred day simple moving average is $96.01. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.08 and a quick ratio of 1.86. The firm has a market capitalization of $11.85 billion, a price-to-earnings ratio of 40.54, a P/E/G ratio of 1.50 and a beta of 1.33.
Entegris (NASDAQ:ENTG - Get Free Report) last released its quarterly earnings results 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 company had revenue of $773.20 million for the quarter, compared to the consensus estimate of $790.75 million. During the same quarter last year, the firm posted $0.68 earnings per share. The firm's quarterly revenue was up .3% compared to the same quarter last year. Analysts predict that Entegris, Inc. will post 3.51 earnings per share for the current year.
Entegris Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Wednesday, April 30th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend is Wednesday, April 30th. Entegris's dividend payout ratio is presently 19.61%.
Insider Activity
In other Entegris news, SVP Olivier Blachier sold 984 shares of the business's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $108.00, for a total value of $106,272.00. Following the sale, the senior vice president now directly owns 10,903 shares in the company, valued at approximately $1,177,524. The trade was a 8.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.67% of the company's stock.
About Entegris
(
Free Report)
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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