ProShare Advisors LLC Has $2.80 Million Holdings in Entegris, Inc. (NASDAQ:ENTG)

ProShare Advisors LLC boosted its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 40.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,886 shares of the semiconductor company’s stock after buying an additional 5,722 shares during the period. ProShare Advisors LLC’s holdings in Entegris were worth $2,795,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. WCM Investment Management LLC raised its holdings in Entegris by 0.4% during the 4th quarter. WCM Investment Management LLC now owns 5,173,163 shares of the semiconductor company’s stock worth $628,177,000 after buying an additional 22,249 shares during the period. BNP Paribas purchased a new position in Entegris during the 1st quarter valued at about $1,647,000. California Public Employees Retirement System grew its stake in Entegris by 17.6% during the 4th quarter. California Public Employees Retirement System now owns 257,147 shares of the semiconductor company’s stock valued at $30,811,000 after acquiring an additional 38,557 shares in the last quarter. Virtu Financial LLC purchased a new position in Entegris during the 4th quarter valued at about $892,000. Finally, Stifel Financial Corp grew its stake in Entegris by 6.5% during the 4th quarter. Stifel Financial Corp now owns 122,392 shares of the semiconductor company’s stock valued at $14,665,000 after acquiring an additional 7,456 shares in the last quarter.

Entegris Stock Up 0.3 %

Shares of Entegris stock opened at $130.75 on Friday. The stock has a market capitalization of $19.72 billion, a P/E ratio of 62.68, a PEG ratio of 1.52 and a beta of 1.25. The company has a quick ratio of 2.02, a current ratio of 3.35 and a debt-to-equity ratio of 1.22. The stock has a 50 day moving average price of $134.22 and a two-hundred day moving average price of $130.89. Entegris, Inc. has a 12-month low of $84.13 and a 12-month high of $147.57.

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

Entegris Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 21st. Shareholders of record on Wednesday, July 31st will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, July 31st. This represents a $0.40 dividend on an annualized basis and a yield of 0.31%. Entegris’s payout ratio is currently 19.23%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $150.00 target price on shares of Entegris in a research note on Monday, May 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $160.00 price target on shares of Entegris in a research note on Wednesday, June 26th. Finally, Mizuho boosted their price target on Entegris from $140.00 to $143.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $149.80.

Insiders Place Their Bets

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 transaction of $265,806.24. Following the completion of the transaction, the senior vice president now directly owns 12,356 shares in the company, valued at $1,653,727.04. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Daniel D. Woodland sold 15,000 shares of the company’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $145.00, for a total value of $2,175,000.00. Following the completion of the transaction, the insider now directly owns 37,457 shares in the company, valued at $5,431,265. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Olivier Blachier sold 1,986 shares of the company’s stock in a transaction on 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 owns 12,356 shares of the company’s stock, valued at $1,653,727.04. The disclosure for this sale can be found here. Insiders sold 70,796 shares of company stock valued at $9,870,921 over the last 90 days. 0.67% of the stock is currently owned by company insiders.

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).