Bellevue Group AG lessened its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 43.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,000 shares of the semiconductor company’s stock after selling 2,300 shares during the period. Bellevue Group AG’s holdings in Entegris were worth $335,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in ENTG. First Trust Advisors LP boosted its holdings in shares of Entegris by 270.9% during the 1st quarter. First Trust Advisors LP now owns 150,164 shares of the semiconductor company’s stock valued at $5,359,000 after purchasing an additional 109,678 shares during the last quarter. Creative Planning lifted its holdings in shares of Entegris by 33.1% in the 4th quarter. Creative Planning now owns 4,194 shares of the semiconductor company’s stock valued at $403,000 after acquiring an additional 1,044 shares during the last quarter. NN Investment Partners Holdings N.V. bought a new position in shares of Entegris in the 4th quarter valued at about $865,000. California Public Employees Retirement System lifted its holdings in shares of Entegris by 5.3% in the 4th quarter. California Public Employees Retirement System now owns 324,708 shares of the semiconductor company’s stock valued at $31,204,000 after acquiring an additional 16,253 shares during the last quarter. Finally, Bailard Inc. bought a new position in shares of Entegris in the 4th quarter valued at about $219,000. 94.04% of the stock is owned by institutional investors and hedge funds.
A number of research analysts recently commented on the stock. Wolfe Research assumed coverage on shares of Entegris in a report on Wednesday. They issued an “outperform” rating for the company. Deutsche Bank Aktiengesellschaft increased their price target on shares of Entegris from $120.00 to $125.00 and gave the company a “hold” rating in a report on Wednesday, April 28th. Zacks Investment Research raised shares of Entegris from a “hold” rating to a “buy” rating and set a $129.00 price target for the company in a report on Tuesday, April 27th. Finally, UBS Group started coverage on shares of Entegris in a research note on Wednesday, April 21st. They issued a “neutral” rating and a $120.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $108.73.
Entegris (NASDAQ:ENTG) last issued its earnings results on Tuesday, April 27th. The semiconductor company reported $0.70 EPS for the quarter, missing the Zacks’ consensus estimate of $0.72 by ($0.02). The company had revenue of $512.80 million for the quarter, compared to analysts’ expectations of $518.05 million. Entegris had a return on equity of 27.38% and a net margin of 16.26%. The business’s revenue was up 24.4% compared to the same quarter last year. During the same period last year, the business posted $0.55 earnings per share. On average, sell-side analysts expect that Entegris, Inc. will post 3.19 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, May 19th. Stockholders of record on Wednesday, April 28th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date was Tuesday, April 27th. Entegris’s dividend payout ratio (DPR) is presently 12.60%.
In related news, Director Paul L. H. Olson sold 1,000 shares of Entegris stock in a transaction that occurred on Monday, March 15th. The shares were sold at an average price of $103.40, for a total transaction of $103,400.00. Following the transaction, the director now directly owns 31,140 shares of the company’s stock, valued at $3,219,876. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Brian F. Sullivan sold 2,567 shares of Entegris stock in a transaction that occurred on Friday, May 7th. The shares were sold at an average price of $114.51, for a total transaction of $293,947.17. Following the transaction, the director now directly owns 97,521 shares in the company, valued at $11,167,129.71. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 555,562 shares of company stock worth $66,632,939. Corporate insiders own 1.30% of the company’s stock.
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 in North America, Taiwan, South Korea, Japan, China, Europe, and Southeast Asia.
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