Starr International Co. Inc. purchased a new stake in shares of Entegris Inc (NASDAQ:ENTG) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 51,905 shares of the semiconductor company’s stock, valued at approximately $1,852,000.
A number of other large investors have also made changes to their positions in the stock. Norges Bank purchased a new position in shares of Entegris during the 4th quarter worth approximately $61,048,000. FMR LLC boosted its position in shares of Entegris by 19.9% in the 4th quarter. FMR LLC now owns 5,740,240 shares of the semiconductor company’s stock worth $160,124,000 after purchasing an additional 953,373 shares in the last quarter. Wedge Capital Management L L P NC bought a new stake in shares of Entegris in the 4th quarter worth approximately $16,095,000. Trigran Investments Inc. bought a new stake in shares of Entegris in the 4th quarter worth approximately $15,177,000. Finally, Vanguard Group Inc boosted its position in shares of Entegris by 3.5% in the 3rd quarter. Vanguard Group Inc now owns 12,923,047 shares of the semiconductor company’s stock worth $374,123,000 after purchasing an additional 437,632 shares in the last quarter.
In other Entegris news, SVP Stuart Tison sold 11,576 shares of the stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $38.96, for a total value of $451,000.96. Following the completion of the sale, the senior vice president now owns 74,744 shares in the company, valued at approximately $2,912,026.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Gregory B. Graves sold 30,000 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $40.39, for a total value of $1,211,700.00. Following the completion of the sale, the chief financial officer now owns 67,861 shares of the company’s stock, valued at approximately $2,740,905.79. The disclosure for this sale can be found here. Insiders sold a total of 74,470 shares of company stock valued at $2,965,480 over the last 90 days. 1.50% of the stock is currently owned by company insiders.
A number of analysts have recently commented on the company. Zacks Investment Research raised Entegris from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. ValuEngine raised Entegris from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. BidaskClub cut Entegris from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, May 14th. Finally, Citigroup cut Entegris from a “buy” rating to a “neutral” rating and upped their price objective for the company from $40.00 to $42.00 in a research report on Friday, May 10th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Entegris presently has a consensus rating of “Buy” and a consensus target price of $42.38.
Shares of NASDAQ ENTG traded down $0.33 during midday trading on Friday, hitting $34.91. 664,195 shares of the stock traded hands, compared to its average volume of 1,800,776. The stock has a market capitalization of $4.92 billion, a price-to-earnings ratio of 18.47 and a beta of 1.35. 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 Inc has a one year low of $23.39 and a one year high of $42.01.
Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Thursday, April 25th. The semiconductor company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.47 by $0.03. The firm had revenue of $391.00 million during the quarter, compared to analyst estimates of $400.43 million. Entegris had a return on equity of 26.00% and a net margin of 13.71%. Entegris’s revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.47 EPS. Equities research analysts anticipate that Entegris Inc will post 1.94 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 1st were paid a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, April 30th. This represents a $0.28 annualized dividend and a dividend yield of 0.80%. Entegris’s dividend payout ratio (DPR) is 14.81%.
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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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