Entegris, Inc. (NASDAQ:ENTG) Position Lifted by Transce3nd LLC

Transce3nd LLC raised its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 22.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,297 shares of the semiconductor company’s stock after acquiring an additional 421 shares during the quarter. Transce3nd LLC’s holdings in Entegris were worth $201,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in ENTG. Victory Capital Management Inc. raised its holdings in shares of Entegris by 16.8% during the first quarter. Victory Capital Management Inc. now owns 72,368 shares of the semiconductor company’s stock worth $6,331,000 after purchasing an additional 10,396 shares during the period. Larson Financial Group LLC raised its holdings in shares of Entegris by 4,920.0% during the first quarter. Larson Financial Group LLC now owns 753 shares of the semiconductor company’s stock worth $66,000 after purchasing an additional 738 shares during the period. Signaturefd LLC raised its holdings in shares of Entegris by 19.0% during the first quarter. Signaturefd LLC now owns 1,776 shares of the semiconductor company’s stock worth $155,000 after purchasing an additional 283 shares during the period. Securian Asset Management Inc. acquired a new stake in shares of Entegris during the first quarter worth $1,000,000. Finally, Louisiana State Employees Retirement System acquired a new stake in shares of Entegris during the first quarter worth $3,700,000.

Entegris Stock Performance

Shares of ENTG opened at $90.27 on Friday. The firm has a 50-day moving average price of $79.10 and a 200 day moving average price of $87.99. The firm has a market capitalization of $13.67 billion, a PE ratio of 44.25, a P/E/G ratio of 1.96 and a beta of 1.27. The company has a quick ratio of 1.95, a current ratio of 3.26 and a debt-to-equity ratio of 1.06. Entegris, Inc. has a 52-week low of $60.75 and a 52-week high of $136.46.

Entegris (NASDAQ:ENTG) last announced its earnings results on Wednesday, May 7th. The semiconductor company reported $0.67 earnings per share (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 net margin of 9.57% and a return on equity of 12.48%. The business’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.68 EPS. On average, sell-side analysts anticipate that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 20th. Investors of record on Wednesday, July 30th will be given a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, July 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.44%. Entegris’s dividend payout ratio is presently 19.61%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on ENTG shares. Citigroup dropped their target price on shares of Entegris from $125.00 to $102.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. UBS Group dropped their price objective on shares of Entegris from $90.00 to $85.00 and set a “neutral” rating on the stock in a report on Thursday, May 8th. Mizuho increased their price objective on shares of Entegris from $90.00 to $98.00 and gave the stock an “outperform” rating in a report on Tuesday. KeyCorp dropped their price objective on shares of Entegris from $117.00 to $112.00 and set an “overweight” rating on the stock in a report on Monday. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Entegris in a report on Tuesday, May 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $106.89.

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).