Rehmann Capital Advisory Group Raises Stock Position in Entegris, Inc. (NASDAQ:ENTG)

Rehmann Capital Advisory Group boosted its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 10.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,762 shares of the semiconductor company’s stock after purchasing an additional 259 shares during the period. Rehmann Capital Advisory Group’s holdings in Entegris were worth $388,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Tudor Investment Corp Et Al raised its holdings in shares of Entegris by 293.1% in the third quarter. Tudor Investment Corp Et Al now owns 65,369 shares of the semiconductor company’s stock worth $6,139,000 after buying an additional 48,741 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in shares of Entegris by 61.4% in the third quarter. B. Riley Wealth Advisors Inc. now owns 6,753 shares of the semiconductor company’s stock worth $634,000 after buying an additional 2,569 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Entegris by 0.8% in the third quarter. Vanguard Group Inc. now owns 14,452,886 shares of the semiconductor company’s stock worth $1,357,271,000 after buying an additional 107,989 shares during the last quarter. Anchor Investment Management LLC purchased a new position in shares of Entegris in the fourth quarter worth $413,000. Finally, Fulton Bank N.A. raised its holdings in shares of Entegris by 8.4% in the fourth quarter. Fulton Bank N.A. now owns 10,380 shares of the semiconductor company’s stock worth $1,244,000 after buying an additional 801 shares during the last quarter.

Entegris Stock Performance

Shares of Entegris stock traded up $0.01 during trading on Thursday, hitting $143.78. 147,874 shares of the company’s stock were exchanged, compared to its average volume of 1,370,137. The stock has a market capitalization of $21.68 billion, a price-to-earnings ratio of 69.12, a PEG ratio of 1.61 and a beta of 1.25. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.02 and a current ratio of 3.35. The business has a 50-day simple moving average of $133.09 and a 200-day simple moving average of $130.15. Entegris, Inc. has a 52-week low of $84.13 and a 52-week high of $146.91.

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

Entegris Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Wednesday, May 1st were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, April 30th. This represents a $0.40 annualized dividend and a yield of 0.28%. Entegris’s dividend payout ratio is presently 19.23%.

Analysts Set New Price Targets

A number of research analysts have issued reports on ENTG shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $150.00 price target on shares of Entegris in a report on Monday, May 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $160.00 target price on shares of Entegris in a report on Wednesday, June 26th. Finally, Mizuho raised their target price on shares of Entegris from $140.00 to $143.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Entegris currently has a consensus rating of “Moderate Buy” and a consensus price target of $149.80.

Insider Activity at Entegris

In other news, SVP Olivier Blachier sold 1,986 shares of Entegris 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 sale, the senior vice president now owns 12,356 shares in the company, valued at $1,653,727.04. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, SVP Olivier Blachier sold 1,986 shares of the firm’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 transaction, the senior vice president now directly owns 12,356 shares of the company’s stock, valued at $1,653,727.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Clinton M. Haris sold 5,005 shares of the firm’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $124.74, for a total transaction of $624,323.70. Following the completion of the transaction, the senior vice president now directly owns 34,600 shares in the company, valued at $4,316,004. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,796 shares of company stock worth $7,695,921. 0.67% of the stock is owned by company 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 three segments: Materials Solutions (MS); Microcontamination Control (MC); and Advanced Materials Handling (AMH).