Narwhal Capital Management Sells 11,338 Shares of Entegris, Inc. (NASDAQ:ENTG)

Narwhal Capital Management reduced its position in Entegris, Inc. (NASDAQ:ENTG) by 21.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 41,125 shares of the semiconductor company’s stock after selling 11,338 shares during the period. Narwhal Capital Management’s holdings in Entegris were worth $3,598,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of Entegris by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 15,202,146 shares of the semiconductor company’s stock valued at $1,505,925,000 after purchasing an additional 169,180 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Entegris by 33.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 11,194,612 shares of the semiconductor company’s stock worth $1,108,940,000 after buying an additional 2,826,463 shares during the last quarter. Norges Bank bought a new position in Entegris during the 4th quarter valued at about $445,988,000. D1 Capital Partners L.P. boosted its holdings in shares of Entegris by 329.4% during the 4th quarter. D1 Capital Partners L.P. now owns 2,752,902 shares of the semiconductor company’s stock valued at $272,702,000 after acquiring an additional 2,111,801 shares during the last quarter. Finally, Cantillon Capital Management LLC boosted its holdings in shares of Entegris by 12.6% during the 4th quarter. Cantillon Capital Management LLC now owns 2,616,354 shares of the semiconductor company’s stock valued at $259,176,000 after acquiring an additional 291,893 shares during the last quarter.

Analyst Upgrades and Downgrades

ENTG has been the subject of several research reports. Citigroup decreased their price objective 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. UBS Group cut their target price on shares of Entegris from $90.00 to $85.00 and set a “neutral” rating for the company in a research report on Thursday, May 8th. Needham & Company LLC reiterated a “buy” rating and set a $100.00 target price on shares of Entegris in a research note on Tuesday, May 20th. Wall Street Zen cut Entegris from a “hold” rating to a “sell” rating in a report on Saturday, April 19th. Finally, KeyCorp cut their price objective on Entegris from $130.00 to $117.00 and set an “overweight” rating for the company in a report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Entegris has a consensus rating of “Moderate Buy” and a consensus target price of $113.00.

Entegris Stock Up 0.7%

ENTG opened at $75.97 on Tuesday. The firm’s 50 day simple moving average is $75.76 and its two-hundred day simple moving average is $90.13. The company has a market capitalization of $11.50 billion, a PE ratio of 37.24, a PEG ratio of 1.69 and a beta of 1.24. Entegris, Inc. has a 1-year low of $60.75 and a 1-year high of $147.57. The company has a current ratio of 3.26, a quick ratio of 1.95 and a debt-to-equity ratio of 1.06.

Entegris (NASDAQ:ENTG) last announced its 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). The company had revenue of $773.20 million during the quarter, compared to the consensus estimate of $790.75 million. Entegris had a return on equity of 12.48% and a net margin of 9.57%. Entegris’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.68 earnings per share. As a group, equities analysts forecast that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Wednesday, April 30th were paid a dividend of $0.10 per share. The ex-dividend date was Wednesday, April 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.53%. Entegris’s dividend payout ratio (DPR) is presently 19.61%.

About Entegris

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).