1,740 Shares in Entegris, Inc. (NASDAQ:ENTG) Purchased by Caitong International Asset Management Co. Ltd

Caitong International Asset Management Co. Ltd acquired a new position in Entegris, Inc. (NASDAQ:ENTG) during the 1st quarter, according to its most recent filing with the SEC. The fund acquired 1,740 shares of the semiconductor company’s stock, valued at approximately $152,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Entegris by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 15,553,199 shares of the semiconductor company’s stock worth $1,360,594,000 after buying an additional 351,053 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of 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 in the last quarter. Principal Financial Group Inc. boosted its position in shares of Entegris by 235.8% in the 1st quarter. Principal Financial Group Inc. now owns 5,014,198 shares of the semiconductor company’s stock worth $438,642,000 after buying an additional 3,520,997 shares in the last quarter. D1 Capital Partners L.P. lifted its holdings in Entegris by 329.4% in 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 purchasing an additional 2,111,801 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in Entegris by 16.5% in the 4th quarter. Ameriprise Financial Inc. now owns 2,199,161 shares of the semiconductor company’s stock valued at $217,850,000 after purchasing an additional 312,042 shares in the last quarter.

Analysts Set New Price Targets

ENTG has been the topic of a number of recent research reports. Wall Street Zen lowered shares of Entegris from a “hold” rating to a “sell” rating in a report on Saturday, August 2nd. UBS Group reduced their target price on shares of Entegris from $95.00 to $90.00 and set a “neutral” rating on the stock in a report on Thursday, July 31st. The Goldman Sachs Group initiated coverage on shares of Entegris in a report on Thursday, July 10th. They issued a “neutral” rating and a $85.00 target price on the stock. Needham & Company LLC restated a “buy” rating and issued a $100.00 target price on shares of Entegris in a report on Tuesday, May 20th. Finally, KeyCorp restated an “overweight” rating and issued a $103.00 target price (down from $112.00) on shares of Entegris in a report on Thursday, July 31st. 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 an average rating of “Moderate Buy” and an average target price of $106.44.

Insider Activity at Entegris

In related news, SVP Clinton M. Haris sold 3,627 shares of the stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $90.00, for a total transaction of $326,430.00. Following the completion of the sale, the senior vice president owned 37,743 shares of the company’s stock, valued at approximately $3,396,870. This represents a 8.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.67% of the stock is currently owned by corporate insiders.

Entegris Trading Up 5.1%

NASDAQ ENTG opened at $79.88 on Thursday. Entegris, Inc. has a 12 month low of $60.75 and a 12 month high of $119.95. The company has a 50-day moving average of $81.86 and a 200-day moving average of $85.38. The company has a debt-to-equity ratio of 1.04, a current ratio of 3.30 and a quick ratio of 1.95. The company has a market cap of $12.11 billion, a P/E ratio of 41.18 and a beta of 1.22.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.01. Entegris had a net margin of 9.17% and a return on equity of 12.05%. The company had revenue of $792.40 million during the quarter, compared to the consensus estimate of $753.85 million. During the same quarter in the prior year, the company posted $0.71 EPS. The company’s quarterly revenue was down 2.5% compared to the same quarter last year. As a group, equities analysts predict that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 20th. Stockholders of record on Wednesday, July 30th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, July 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. Entegris’s dividend payout ratio is currently 20.62%.

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).