Sarasin & Partners LLP Acquires 20,321 Shares of Entegris, Inc. (NASDAQ:ENTG)

Sarasin & Partners LLP lifted its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 12.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 187,653 shares of the semiconductor company’s stock after purchasing an additional 20,321 shares during the period. Sarasin & Partners LLP owned about 0.12% of Entegris worth $26,373,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Gateway Investment Advisers LLC increased its holdings in Entegris by 11.5% in the 1st quarter. Gateway Investment Advisers LLC now owns 15,774 shares of the semiconductor company’s stock worth $2,217,000 after acquiring an additional 1,624 shares during the last quarter. Ballentine Partners LLC purchased a new stake in Entegris in the 1st quarter worth about $222,000. Congress Asset Management Co. MA increased its holdings in Entegris by 1.1% in the 1st quarter. Congress Asset Management Co. MA now owns 1,177,732 shares of the semiconductor company’s stock worth $165,518,000 after acquiring an additional 12,386 shares during the last quarter. Wedmont Private Capital purchased a new stake in Entegris in the 1st quarter worth about $211,000. Finally, Banque Cantonale Vaudoise purchased a new stake in Entegris in the 1st quarter worth about $444,000.

Insider Activity at Entegris

In other news, SVP Olivier Blachier sold 1,986 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $133.84, for a total value of $265,806.24. Following the completion of the sale, the senior vice president now directly owns 12,356 shares in the company, valued at $1,653,727.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Entegris news, SVP Olivier Blachier sold 1,986 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $133.84, for a total transaction of $265,806.24. Following the transaction, the senior vice president now directly owns 12,356 shares in the company, valued at $1,653,727.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Clinton M. Haris sold 5,005 shares of the company’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $124.74, for a total value of $624,323.70. Following the sale, the senior vice president now directly owns 34,600 shares in the company, valued at approximately $4,316,004. The disclosure for this sale can be found here. Insiders sold a total of 13,752 shares of company stock worth $1,792,723 in the last 90 days. Corporate insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

ENTG has been the subject of a number of recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $150.00 target price on shares of Entegris in a report on Monday, May 13th. Mizuho boosted their target price on Entegris from $140.00 to $143.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Finally, Wolfe Research assumed coverage on Entegris in a research note on Friday, March 1st. They issued an “outperform” rating and a $160.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $148.67.

Entegris Trading Down 1.5 %

ENTG traded down $2.03 during trading on Wednesday, hitting $132.51. 111,855 shares of the stock were exchanged, compared to its average volume of 1,357,354. The firm has a 50 day simple moving average of $130.91 and a 200 day simple moving average of $128.57. The firm has a market cap of $19.98 billion, a price-to-earnings ratio of 64.68, a P/E/G ratio of 1.50 and a beta of 1.24. Entegris, Inc. has a 1 year low of $84.13 and a 1 year high of $146.91. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.02 and a current ratio of 3.35.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.07. The business had revenue of $771.03 million for 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 business’s revenue was down 16.4% compared to the same quarter last year. During the same period last year, the business posted $0.65 EPS. As a group, equities analysts expect that Entegris, Inc. will post 3.25 EPS for the current year.

Entegris Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders 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 annualized dividend and a dividend yield of 0.30%. Entegris’s dividend payout ratio (DPR) is presently 19.23%.

Entegris Company 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).