FDx Advisors Inc. lifted its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 13.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,264 shares of the semiconductor company’s stock after acquiring an additional 625 shares during the period. FDx Advisors Inc.’s holdings in Entegris were worth $589,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of ENTG. BlackRock Inc. boosted its stake in Entegris by 2.0% in the 4th quarter. BlackRock Inc. now owns 12,205,755 shares of the semiconductor company’s stock worth $1,172,975,000 after buying an additional 240,561 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Entegris by 2.3% in the 4th quarter. JPMorgan Chase & Co. now owns 6,712,133 shares of the semiconductor company’s stock worth $645,036,000 after buying an additional 148,293 shares during the last quarter. Select Equity Group L.P. boosted its stake in Entegris by 22.3% in the 4th quarter. Select Equity Group L.P. now owns 6,386,560 shares of the semiconductor company’s stock worth $613,748,000 after buying an additional 1,163,703 shares during the last quarter. Congress Asset Management Co. MA boosted its stake in Entegris by 92.4% in the 4th quarter. Congress Asset Management Co. MA now owns 1,419,383 shares of the semiconductor company’s stock worth $136,403,000 after buying an additional 681,533 shares during the last quarter. Finally, Norges Bank acquired a new stake in Entegris in the 4th quarter worth about $125,473,000. 98.40% of the stock is currently owned by institutional investors and hedge funds.
ENTG has been the topic of a number of research analyst reports. Zacks Investment Research raised Entegris from a “hold” rating to a “buy” rating and set a $127.00 price target on the stock in a research note on Tuesday. Deutsche Bank Aktiengesellschaft raised their price target on Entegris from $100.00 to $120.00 and gave the stock a “hold” rating in a research note on Friday, April 16th. Citigroup lifted their price objective on Entegris from $92.00 to $135.00 in a research note on Monday, January 25th. Craig Hallum lifted their price objective on Entegris from $66.00 to $100.00 and gave the company a “hold” rating in a research note on Wednesday, February 3rd. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $116.00 price objective (up from $102.00) on shares of Entegris in a research note on Monday, January 18th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Entegris currently has an average rating of “Buy” and a consensus target price of $106.90.
Entegris (NASDAQ:ENTG) last announced its earnings results on Monday, February 1st. The semiconductor company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.66 by $0.05. The business had revenue of $518.00 million for the quarter, compared to the consensus estimate of $489.38 million. Entegris had a return on equity of 26.54% and a net margin of 15.03%. The company’s revenue was up 21.3% on a year-over-year basis. During the same period last year, the business posted $0.55 EPS. Analysts predict that Entegris, Inc. will post 2.48 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 19th. Investors of record on Wednesday, April 28th will be issued a dividend of $0.08 per share. The ex-dividend date is Tuesday, April 27th. This represents a $0.32 annualized dividend and a dividend yield of 0.29%. Entegris’s payout ratio is currently 16.58%.
In other Entegris news, Director Paul L. H. Olson sold 1,000 shares of Entegris stock in a transaction that occurred on Monday, March 15th. The stock was sold at an average price of $103.40, for a total transaction of $103,400.00. Following the sale, the director now directly owns 31,140 shares in the company, valued at approximately $3,219,876. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Joseph Colella sold 1,600 shares of Entegris stock in a transaction that occurred on Monday, April 5th. The stock was sold at an average price of $123.69, for a total value of $197,904.00. Following the sale, the senior vice president now owns 25,699 shares in the company, valued at $3,178,709.31. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 552,995 shares of company stock worth $66,338,992. Company insiders own 1.70% of the company’s stock.
Entegris Company Profile
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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