Daiwa Securities Group Inc. lifted its stake in shares of Entegris, Inc. (NASDAQ:ENTG – Free Report) by 4.8% in the first quarter, according to its most recent filing with the SEC. The fund owned 8,693 shares of the semiconductor company’s stock after acquiring an additional 400 shares during the period. Daiwa Securities Group Inc.’s holdings in Entegris were worth $713,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Exchange Traded Concepts LLC bought a new stake in shares of Entegris during the 4th quarter worth $27,000. TCTC Holdings LLC bought a new stake in shares of Entegris during the 4th quarter worth $45,000. UMB Bank n.a. lifted its holdings in shares of Entegris by 341.7% during the 1st quarter. UMB Bank n.a. now owns 795 shares of the semiconductor company’s stock worth $65,000 after acquiring an additional 615 shares during the last quarter. CoreCap Advisors LLC bought a new stake in shares of Entegris during the 4th quarter worth $70,000. Finally, Whittier Trust Co. lifted its holdings in shares of Entegris by 95.2% during the 1st quarter. Whittier Trust Co. now owns 966 shares of the semiconductor company’s stock worth $79,000 after acquiring an additional 471 shares during the last quarter.
Wall Street Analyst Weigh In
Several analysts have weighed in on ENTG shares. BMO Capital Markets started coverage on shares of Entegris in a research note on Tuesday, June 20th. They issued an “outperform” rating and a $129.00 price target for the company. Mizuho boosted their price target on shares of Entegris from $95.00 to $98.00 in a research note on Friday, May 12th. Needham & Company LLC boosted their price target on shares of Entegris from $100.00 to $106.00 in a research note on Friday, May 12th. KeyCorp boosted their price target on shares of Entegris from $105.00 to $116.00 in a research note on Friday, May 12th. Finally, StockNews.com raised shares of Entegris to a “sell” rating in a research note on Friday, July 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $112.92.
Entegris Price Performance
Entegris (NASDAQ:ENTG – Get Free Report) last announced its quarterly earnings results on Thursday, May 11th. The semiconductor company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.13. Entegris had a negative net margin of 0.14% and a positive return on equity of 17.06%. The company had revenue of $922.40 million for the quarter, compared to analysts’ expectations of $889.87 million. As a group, equities analysts predict that Entegris, Inc. will post 2.55 earnings per share for the current year.
Entegris Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 23rd. Investors of record on Wednesday, August 2nd will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.37%. The ex-dividend date is Tuesday, August 1st. Entegris’s dividend payout ratio is currently 2,000.00%.
Insider Activity at Entegris
In related news, SVP James Anthony O’neill sold 4,845 shares of the business’s stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $90.72, for a total transaction of $439,538.40. Following the transaction, the senior vice president now owns 15,588 shares in the company, valued at $1,414,143.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.81% of the stock is owned by corporate insiders.
Entegris Profile
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 four segments: Specialty Chemicals and Engineered Materials (SCEM); Microcontamination Control (MC); The Advanced Planarization Solutions (APS); and Advanced Materials Handling (AMH).
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