Van ECK Associates Corp Acquires 16,020 Shares of Entegris, Inc. (NASDAQ:ENTG)

Van ECK Associates Corp boosted its holdings in Entegris, Inc. (NASDAQ:ENTG) by 29.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 70,431 shares of the semiconductor company’s stock after acquiring an additional 16,020 shares during the quarter. Van ECK Associates Corp’s holdings in Entegris were worth $9,898,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. HB Wealth Management LLC acquired a new position in Entegris in the first quarter valued at about $212,000. Arkadios Wealth Advisors acquired a new position in Entegris in the first quarter valued at about $207,000. Caprock Group LLC boosted its position in Entegris by 9.5% in the first quarter. Caprock Group LLC now owns 3,321 shares of the semiconductor company’s stock valued at $467,000 after buying an additional 289 shares in the last quarter. Argent Capital Management LLC boosted its position in Entegris by 0.9% in the first quarter. Argent Capital Management LLC now owns 26,976 shares of the semiconductor company’s stock valued at $3,791,000 after buying an additional 230 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in Entegris by 51.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 509,009 shares of the semiconductor company’s stock valued at $71,536,000 after buying an additional 173,634 shares in the last quarter.

Entegris Trading Down 0.6 %

NASDAQ ENTG traded down $0.81 during trading hours on Friday, hitting $139.87. The company’s stock had a trading volume of 392,636 shares, compared to its average volume of 1,384,359. The stock has a fifty day moving average of $132.30 and a 200 day moving average of $129.45. Entegris, Inc. has a twelve month low of $84.13 and a twelve month high of $146.91. The firm has a market capitalization of $21.09 billion, a P/E ratio of 67.74, a PEG ratio of 1.60 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.

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

Entegris Dividend Announcement

The firm 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 was Tuesday, April 30th. This represents a $0.40 annualized dividend and a yield of 0.29%. Entegris’s dividend payout ratio is currently 19.23%.

Insider Activity at Entegris

In other Entegris news, SVP James Anthony O’neill sold 6,761 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The shares were 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 of the company’s stock, valued at $1,822,542. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP James Anthony O’neill sold 6,761 shares of the stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $133.50, for a total transaction of $902,593.50. Following the completion of the sale, the senior vice president now owns 13,652 shares of the company’s stock, valued at $1,822,542. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Clinton M. Haris sold 5,005 shares of the stock in a transaction on Friday, May 31st. The stock was sold at an average price of $124.74, for a total transaction of $624,323.70. Following the sale, the senior vice president now directly owns 34,600 shares of the company’s stock, valued at approximately $4,316,004. The disclosure for this sale can be found here. Insiders have sold 13,752 shares of company stock worth $1,792,723 over the last ninety days. Company insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on ENTG shares. Mizuho boosted their price target on shares of Entegris from $140.00 to $143.00 and gave the company a “neutral” rating in a research report on Thursday, May 2nd. Needham & Company LLC restated a “buy” rating and issued a $150.00 price target on shares of Entegris in a research report on Monday, May 13th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $160.00 target price on shares of Entegris in a research report on Wednesday, June 26th. One investment 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. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $149.80.

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).