BlackRock Inc. lessened its holdings in shares of Entegris Inc (NASDAQ:ENTG) by 2.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,743,418 shares of the semiconductor company’s stock after selling 250,100 shares during the period. BlackRock Inc. owned about 7.19% of Entegris worth $347,743,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Vanguard Group Inc raised its holdings in Entegris by 3.5% during the third quarter. Vanguard Group Inc now owns 12,923,047 shares of the semiconductor company’s stock valued at $374,123,000 after buying an additional 437,632 shares in the last quarter. FMR LLC raised its stake in shares of Entegris by 19.9% in the fourth quarter. FMR LLC now owns 5,740,240 shares of the semiconductor company’s stock valued at $160,124,000 after acquiring an additional 953,373 shares during the last quarter. Shapiro Capital Management LLC raised its stake in shares of Entegris by 8.3% in the fourth quarter. Shapiro Capital Management LLC now owns 4,688,696 shares of the semiconductor company’s stock valued at $130,791,000 after acquiring an additional 360,416 shares during the last quarter. Eagle Asset Management Inc. raised its stake in shares of Entegris by 11.1% in the fourth quarter. Eagle Asset Management Inc. now owns 2,991,728 shares of the semiconductor company’s stock valued at $83,454,000 after acquiring an additional 298,532 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Entegris by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,638,553 shares of the semiconductor company’s stock valued at $73,601,000 after acquiring an additional 57,199 shares during the last quarter.
A number of research analysts have recently issued reports on ENTG shares. BidaskClub upgraded shares of Entegris from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, April 3rd. Loop Capital cut their target price on shares of Entegris to $46.00 and set a “buy” rating for the company in a research note on Tuesday, April 9th. Berenberg Bank started coverage on shares of Entegris in a research note on Thursday, March 21st. They issued a “buy” rating and a $43.00 target price for the company. Seaport Global Securities cut shares of Entegris from a “buy” rating to a “neutral” rating in a research note on Thursday, February 28th. Finally, ValuEngine upgraded shares of Entegris from a “hold” rating to a “buy” rating in a research note on Wednesday, February 27th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $44.33.
ENTG stock opened at $35.97 on Thursday. The company has a market capitalization of $4.80 billion, a P/E ratio of 19.03 and a beta of 1.45. Entegris Inc has a fifty-two week low of $23.39 and a fifty-two week high of $42.01. The company has a debt-to-equity ratio of 0.93, a current ratio of 4.34 and a quick ratio of 3.06.
Entegris (NASDAQ:ENTG) last issued its earnings results on Thursday, April 25th. The semiconductor company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.47 by $0.03. The company had revenue of $391.00 million during the quarter, compared to analysts’ expectations of $400.43 million. Entegris had a net margin of 13.71% and a return on equity of 26.00%. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS. As a group, sell-side analysts forecast that Entegris Inc will post 1.94 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 1st were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.78%. The ex-dividend date was Tuesday, April 30th. Entegris’s dividend payout ratio (DPR) is 14.81%.
In related news, SVP William James Shaner sold 15,536 shares of the company’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $40.73, for a total value of $632,781.28. Following the completion of the transaction, the senior vice president now directly owns 21,062 shares of the company’s stock, valued at approximately $857,855.26. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Gregory B. Graves sold 30,000 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $40.39, for a total transaction of $1,211,700.00. Following the completion of the transaction, the chief financial officer now directly owns 67,861 shares of the company’s stock, valued at $2,740,905.79. The disclosure for this sale can be found here. Insiders sold a total of 62,894 shares of company stock valued at $2,514,479 in the last three months. 1.50% of the stock is owned by company insiders.
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Entegris, Inc develops, manufactures, and supplies micro contamination control products, specialty chemicals, and advanced materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries worldwide. It operates through three segments: Specialty Chemicals and Engineered Materials (SCEM); Microcontamination Control (MC); and Advanced Materials Handling (AMH).
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