Oppenheimer Asset Management Inc. trimmed its position in Entegris Inc (NASDAQ:ENTG) by 18.3% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 125,588 shares of the semiconductor company’s stock after selling 28,201 shares during the period. Oppenheimer Asset Management Inc. owned about 0.09% of Entegris worth $4,371,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Carillon Tower Advisers Inc. bought a new position in shares of Entegris during the 4th quarter valued at approximately $51,256,000. Deutsche Bank AG grew its position in shares of Entegris by 118.7% during the 4th quarter. Deutsche Bank AG now owns 1,806,333 shares of the semiconductor company’s stock valued at $55,000,000 after acquiring an additional 980,282 shares during the period. Millennium Management LLC grew its position in shares of Entegris by 225.2% during the 4th quarter. Millennium Management LLC now owns 1,124,553 shares of the semiconductor company’s stock valued at $34,243,000 after acquiring an additional 778,761 shares during the period. American Century Companies Inc. grew its position in shares of Entegris by 122.1% during the 1st quarter. American Century Companies Inc. now owns 609,228 shares of the semiconductor company’s stock valued at $21,201,000 after acquiring an additional 334,905 shares during the period. Finally, Two Sigma Investments LP grew its position in shares of Entegris by 261.5% during the 4th quarter. Two Sigma Investments LP now owns 397,276 shares of the semiconductor company’s stock valued at $12,097,000 after acquiring an additional 287,366 shares during the period. 93.65% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have recently weighed in on ENTG shares. Needham & Company LLC increased their target price on shares of Entegris to $42.00 and gave the company a “buy” rating in a research report on Thursday, March 22nd. ValuEngine raised shares of Entegris from a “hold” rating to a “buy” rating in a research report on Thursday, February 8th. Dougherty & Co increased their target price on shares of Entegris from $36.00 to $37.50 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Craig Hallum raised shares of Entegris from a “hold” rating to a “buy” rating in a research report on Tuesday, February 6th. Finally, Seaport Global Securities reissued a “buy” rating and set a $40.00 target price on shares of Entegris in a research report on Wednesday, March 21st. Two analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Entegris presently has an average rating of “Buy” and a consensus target price of $38.10.
Shares of ENTG stock opened at $34.90 on Friday. The company has a market cap of $4.96 billion, a P/E ratio of 24.24, a price-to-earnings-growth ratio of 1.74 and a beta of 1.42. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.99 and a current ratio of 3.79. Entegris Inc has a 12 month low of $21.77 and a 12 month high of $38.25.
Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Thursday, April 26th. The semiconductor company reported $0.47 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.05. The company had revenue of $367.20 million for the quarter, compared to analysts’ expectations of $358.67 million. Entegris had a net margin of 7.91% and a return on equity of 23.26%. Entegris’s revenue was up 15.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.28 EPS. research analysts forecast that Entegris Inc will post 1.79 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 23rd. Investors of record on Wednesday, May 2nd were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date was Tuesday, May 1st. Entegris’s payout ratio is currently 19.44%.
In related news, SVP Corey Rucci sold 9,986 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $33.90, for a total transaction of $338,525.40. Following the sale, the senior vice president now directly owns 21,065 shares in the company, valued at approximately $714,103.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Todd James Edlund sold 6,945 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $36.32, for a total transaction of $252,242.40. Following the sale, the chief operating officer now owns 157,406 shares in the company, valued at $5,716,985.92. The disclosure for this sale can be found here. Insiders have sold a total of 38,417 shares of company stock worth $1,347,824 over the last 90 days. 1.20% of the stock is currently owned by corporate insiders.
Entegris, Inc develops, manufactures, and supplies microcontamination 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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