Vanguard Group Inc. Buys 101,129 Shares of Entegris, Inc. (NASDAQ:ENTG)

Vanguard Group Inc. increased its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 0.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,554,015 shares of the semiconductor company’s stock after buying an additional 101,129 shares during the quarter. Vanguard Group Inc. owned 9.68% of Entegris worth $1,743,862,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Trust Co. of Vermont bought a new position in shares of Entegris during the 4th quarter worth approximately $31,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Entegris during the 4th quarter worth approximately $35,000. Quent Capital LLC lifted its position in shares of Entegris by 59.1% during the 4th quarter. Quent Capital LLC now owns 366 shares of the semiconductor company’s stock worth $44,000 after buying an additional 136 shares during the period. Arlington Trust Co LLC bought a new position in shares of Entegris during the 4th quarter worth approximately $46,000. Finally, VisionPoint Advisory Group LLC bought a new position in shares of Entegris during the 4th quarter worth approximately $66,000.

Insider Activity at Entegris

In related news, SVP James Anthony O’neill sold 6,761 shares of the company’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $133.50, for a total value of $902,593.50. Following the completion of the sale, the senior vice president now owns 13,652 shares in the company, valued at $1,822,542. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Entegris news, SVP James Anthony O’neill sold 6,761 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $133.50, for a total value of $902,593.50. Following the completion of the transaction, the senior vice president now directly owns 13,652 shares of the company’s stock, valued at $1,822,542. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Olivier Blachier sold 1,986 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $133.84, for a total value of $265,806.24. Following the completion of the transaction, the senior vice president now directly owns 12,356 shares of the company’s stock, valued at $1,653,727.04. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,752 shares of company stock worth $1,792,723. 0.67% of the stock is owned by insiders.

Entegris Trading Up 1.6 %

ENTG stock opened at $137.73 on Wednesday. The business has a fifty day moving average of $130.94 and a 200-day moving average of $127.37. The company has a market cap of $20.77 billion, a P/E ratio of 66.22 and a beta of 1.24. 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, Inc. has a twelve month low of $84.13 and a twelve month high of $146.91.

Entegris (NASDAQ:ENTG) last released its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.07. The business had revenue of $771.03 million during the quarter, compared to the consensus estimate of $769.24 million. Entegris had a return on equity of 11.94% and a net margin of 9.31%. The firm’s revenue was down 16.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.65 earnings per share. As a group, equities research analysts expect that Entegris, Inc. will post 3.25 EPS for the current year.

Entegris Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Wednesday, May 1st were issued a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, April 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.29%. Entegris’s dividend payout ratio is presently 19.23%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Wolfe Research initiated coverage on Entegris in a report on Friday, March 1st. They set an “outperform” rating and a $160.00 price target for the company. Needham & Company LLC reissued a “buy” rating and issued a $150.00 price objective on shares of Entegris in a research note on Monday, May 13th. Mizuho boosted their price objective on Entegris from $140.00 to $143.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. Finally, StockNews.com lowered Entegris from a “hold” rating to a “sell” rating in a research note on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $148.67.

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).