UniSuper Management Pty Ltd increased its stake in Entegris, Inc. (NASDAQ:ENTG – Free Report) by 90.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,100 shares of the semiconductor company after purchasing an additional 1,000 shares during the period. UniSuper Management Pty Ltd’s holdings in Entegris were worth $295,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in ENTG. Norges Bank purchased a new stake in Entegris during the fourth quarter worth $278,727,000. Jackson Square Partners LLC purchased a new stake in Entegris during the fourth quarter worth $82,813,000. Assenagon Asset Management SA increased its stake in Entegris by 1,626.4% during the first quarter. Assenagon Asset Management SA now owns 354,507 shares of the semiconductor company’s stock worth $49,822,000 after purchasing an additional 333,973 shares during the last quarter. Norden Group LLC increased its stake in Entegris by 2,200.1% during the first quarter. Norden Group LLC now owns 224,260 shares of the semiconductor company’s stock worth $31,518,000 after purchasing an additional 214,510 shares in the last quarter. Finally, Clearbridge Investments LLC increased its stake in Entegris by 809.7% in the fourth quarter. Clearbridge Investments LLC now owns 226,368 shares of the semiconductor company’s stock worth $27,123,000 after purchasing an additional 201,484 shares in the last quarter.

Entegris Stock Return

ENTG shares opened at $126.72 on Friday. The company has a market cap of $19.11 billion, a price-to-earnings ratio of 60.92, a PEG ratio of 1.41 and a beta of 1.25. The company has a 50-day simple moving average of $133.88 and a 200-day simple moving average of $131.66. Entegris, Inc. has a 52-week low of $84.13 and a 52-week high of $147.57. The company has a quick ratio of 2.02, a current ratio of 3.35 and a debt-to-equity ratio of 1.22.

Entegris (NASDAQ:ENTG – Get Free Report) last released its quarterly earnings results on Wednesday, May 01. The semiconductor company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.61 by $0.07. The company had revenue of $771.03 million during the quarter, compared to the consensus estimate of $769.24 million. Entegris had a net margin of 9.31% and a return on equity of 11.94%. The company’s quarterly revenue was down 16.4% compared to the year-ago quarter. During the prior-year quarter, the company reported $0.65 EPS. Sell-side analysts predict that Entegris, Inc. will post 3.25 EPS for the current fiscal year.

Entegris Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 21st. Shareholders of record on Wednesday, July 31st will receive a dividend of $0.10. This represents an annualized dividend of $0.40 and a yield of 0.32%. The ex-dividend date is Wednesday, July 31st. Entegris’ dividend payout ratio (DPR) currently stands at 19.23%.

Wall Street analysts predict growth

Several analysts have weighed in on the stock. Needham & Company LLC reiterated a “buy” rating and set a $150.00 price target on shares of Entegris in a research note on Monday, May 13th. Mizuho raised their price target on shares of Entegris from $140.00 to $143.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $160.00 price target on shares of Entegris in a report on Wednesday, June 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $149.80.

Check out our latest stock report on Entegris

Insiders place their bets

In other Entegris news, CEO Bertrand Loy sold 27,044 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $140.63, for a total value of $3,803,197.72. Following the sale, the CEO now directly owns 263,068 shares of the company’s stock, valued at $36,995,252.84. The sale was disclosed in a document filed with the SEC, available at this hyperlink. In other Entegris news, CEO Bertrand Loy sold 27,044 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $140.63, for a total value of $3,803,197.72. Following the sale, the chief executive officer now directly owns 263,068 shares of the company’s stock, valued at $36,995,252.84. The sale was disclosed in a document filed with the SEC, available at this hyperlink. Also, SVP Clinton M. Haris sold 5,005 shares of the company’s stock in a transaction dated Friday, May 31. The shares were sold at an average price of $124.74, for a total transaction of $624,323.70. Following the completion of the sale, the senior vice president now owns 34,600 shares of the company’s stock, valued at $4,316,004. The disclosure for this sale can be found here. Over the last three months, insiders have sold 70,796 shares of the company’s stock for $9,870,921. 0.67% of the shares are held by corporate insiders.

Company Profile of Entegris

(Free Report)

Entegris, Inc. develops, manufactures and markets microcontamination control products, specialty chemicals and advanced material handling solutions in North America, Taiwan, China, South Korea, Japan, Europe and Southeast Asia. The company operates in three segments: Materials Solutions (MS); Microcontamination Control (MC); and Advanced Materials Handling (AMH).

Also see

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