Banque Cantonale Vaudoise acquired a new stake in shares of Entegris, Inc. (NASDAQ:ENTG – Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 4,288 shares of the semiconductor company’s stock, valued at approximately $503,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. lifted its holdings in Entegris by 18.3% during the first quarter. Assenagon Asset Management S.A. now owns 203,558 shares of the semiconductor company’s stock valued at $23,865,000 after purchasing an additional 31,558 shares in the last quarter. Steph & Co. raised its stake in Entegris by 167.8% during the 1st quarter. Steph & Co. now owns 782 shares of the semiconductor company’s stock valued at $92,000 after purchasing an additional 490 shares during the period. BI Asset Management Fondsmaeglerselskab A S raised its stake in Entegris by 95.0% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 7,866 shares of the semiconductor company’s stock valued at $922,000 after purchasing an additional 3,832 shares during the period. Montanaro Asset Management Ltd lifted its holdings in Entegris by 115.4% in the 4th quarter. Montanaro Asset Management Ltd now owns 104,700 shares of the semiconductor company’s stock worth $8,821,000 after purchasing an additional 56,100 shares in the last quarter. Finally, Corient Private Wealth LLC lifted its holdings in Entegris by 101.9% in the 4th quarter. Corient Private Wealth LLC now owns 9,253 shares of the semiconductor company’s stock worth $783,000 after purchasing an additional 4,671 shares in the last quarter.
Entegris Stock Performance
NASDAQ:ENTG opened at $161.43 on Monday. The stock’s fifty day moving average is $146.86 and its 200 day moving average is $125.17. The firm has a market capitalization of $24.62 billion, a PE ratio of 93.31, a PEG ratio of 2.01 and a beta of 1.37. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.05 and a current ratio of 3.21. Entegris, Inc. has a fifty-two week low of $67.97 and a fifty-two week high of $186.94.
Entegris Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Wednesday, April 29th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Wednesday, April 29th. Entegris’s dividend payout ratio is currently 23.12%.
Wall Street Analyst Weigh In
ENTG has been the subject of several research analyst reports. Wall Street Zen cut shares of Entegris from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 30th. Needham & Company LLC increased their price objective on shares of Entegris from $150.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Zacks Research lowered Entegris from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd. Citigroup reaffirmed a “buy” rating on shares of Entegris in a report on Thursday, April 30th. Finally, Weiss Ratings raised Entegris from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Seven research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Entegris presently has a consensus rating of “Moderate Buy” and an average price target of $154.33.
Read Our Latest Research Report on Entegris
Insiders Place Their Bets
In other news, Director James P. Lederer sold 3,569 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $143.59, for a total transaction of $512,472.71. Following the transaction, the director owned 18,277 shares of the company’s stock, valued at approximately $2,624,394.43. This represents a 16.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Olivier Blachier sold 2,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $140.04, for a total value of $280,080.00. Following the transaction, the senior vice president owned 34,897 shares in the company, valued at approximately $4,886,975.88. This represents a 5.42% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 107,867 shares of company stock worth $15,215,629. 0.53% of the stock is owned by company insiders.
About Entegris
Entegris, Inc is a leading provider of advanced materials and process control solutions for the semiconductor and other high-technology industries. The company develops and supplies a broad portfolio of products designed to ensure purity and reliability throughout the manufacturing process, helping customers address critical contamination and yield challenges.
Entegris’s product offerings include high-purity chemicals and specialty materials, liquid and gas filtration and purification systems, and sophisticated wafer and chip handling solutions.
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