Entegris, Inc. $ENTG Position Lifted by Quantinno Capital Management LP

Quantinno Capital Management LP grew its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 77.3% in the 1st quarter, Holdings Channel.com reports. The fund owned 261,115 shares of the semiconductor company’s stock after purchasing an additional 113,817 shares during the quarter. Quantinno Capital Management LP’s holdings in Entegris were worth $30,613,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Delta Global Management LP acquired a new stake in shares of Entegris in the 1st quarter valued at about $1,172,000. OMERS ADMINISTRATION Corp grew its stake in Entegris by 31.1% in the first quarter. OMERS ADMINISTRATION Corp now owns 7,060 shares of the semiconductor company’s stock worth $828,000 after purchasing an additional 1,676 shares in the last quarter. Lombard Odier Asset Management Switzerland SA acquired a new position in Entegris in the first quarter worth about $563,000. Gabelli Funds LLC increased its holdings in Entegris by 3.0% in the first quarter. Gabelli Funds LLC now owns 55,300 shares of the semiconductor company’s stock valued at $6,483,000 after buying an additional 1,600 shares during the last quarter. Finally, FCA Corp TX increased its holdings in Entegris by 3.7% in the first quarter. FCA Corp TX now owns 14,405 shares of the semiconductor company’s stock valued at $1,689,000 after buying an additional 520 shares during the last quarter.

Analysts Set New Price Targets

ENTG has been the topic of a number of research analyst reports. Citigroup reaffirmed a “buy” rating on shares of Entegris in a report on Thursday, April 30th. Oppenheimer reiterated an “outperform” rating and issued a $160.00 price target on shares of Entegris in a report on Friday, May 1st. UBS Group upped their price target on Entegris from $185.00 to $205.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Wall Street Zen upgraded Entegris from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 12th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Entegris from $145.00 to $155.00 and gave the stock a “hold” rating in a report on Monday, July 6th. Seven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Entegris has a consensus rating of “Moderate Buy” and a consensus price target of $164.22.

Entegris Trading Up 1.7%

NASDAQ:ENTG opened at $119.05 on Friday. The firm has a market capitalization of $18.16 billion, a P/E ratio of 68.82, a P/E/G ratio of 1.36 and a beta of 1.31. The business has a 50 day simple moving average of $144.65 and a 200 day simple moving average of $133.48. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.21 and a quick ratio of 2.05. Entegris, Inc. has a 12-month low of $67.97 and a 12-month high of $186.94.

Entegris (NASDAQ:ENTG) last issued its earnings results on Thursday, April 30th. The semiconductor company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.11. The firm had revenue of $811.90 million for the quarter, compared to analyst estimates of $808.72 million. Entegris had a return on equity of 11.45% and a net margin of 8.18%.The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the company earned $0.67 earnings per share. Equities research analysts predict that Entegris, Inc. will post 3.65 EPS for the current year.

Entegris Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Stockholders of record on Wednesday, July 29th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, July 29th. This represents a $0.40 annualized dividend and a dividend yield of 0.3%. Entegris’s dividend payout ratio is currently 23.12%.

Insider Buying and Selling at Entegris

In related news, SVP Joseph Colella sold 6,326 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $140.17, for a total value of $886,715.42. Following the sale, the senior vice president owned 50,121 shares of the company’s stock, valued at $7,025,460.57. This trade represents a 11.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Clinton M. Haris sold 6,848 shares of Entegris stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $149.23, for a total transaction of $1,021,927.04. Following the completion of the sale, the senior vice president owned 54,961 shares in the company, valued at approximately $8,201,830.03. This represents a 11.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 44,466 shares of company stock valued at $6,186,624. Corporate insiders own 0.53% of the company’s stock.

About Entegris

Entegris, Inc is a leading provider of advanced materials and process control solutions for the semiconductor and other high-technology industries. The company develops and supplies a broad portfolio of products designed to ensure purity and reliability throughout the manufacturing process, helping customers address critical contamination and yield challenges.

Entegris’s product offerings include high-purity chemicals and specialty materials, liquid and gas filtration and purification systems, and sophisticated wafer and chip handling solutions.