BlackRock Inc. reduced its stake in Entegris Inc (NASDAQ:ENTG) by 2.5% during the 1st quarter, HoldingsChannel.com reports. The fund owned 9,743,418 shares of the semiconductor company’s stock after selling 250,100 shares during the period. BlackRock Inc. owned approximately 0.07% of Entegris worth $347,743,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc boosted its position in shares of Entegris by 3.5% in the third quarter. Vanguard Group Inc now owns 12,923,047 shares of the semiconductor company’s stock worth $374,123,000 after buying an additional 437,632 shares during the period. Rhumbline Advisers boosted its position in shares of Entegris by 44.7% in the fourth quarter. Rhumbline Advisers now owns 200,053 shares of the semiconductor company’s stock worth $5,580,000 after buying an additional 61,784 shares during the period. M&T Bank Corp boosted its position in shares of Entegris by 7.4% in the fourth quarter. M&T Bank Corp now owns 51,967 shares of the semiconductor company’s stock worth $1,450,000 after buying an additional 3,589 shares during the period. Rothschild & Co. Asset Management US Inc. boosted its position in shares of Entegris by 7.7% in the fourth quarter. Rothschild & Co. Asset Management US Inc. now owns 323,629 shares of the semiconductor company’s stock worth $9,026,000 after buying an additional 23,176 shares during the period. Finally, Comerica Bank acquired a new stake in shares of Entegris in the fourth quarter worth $4,503,000.
Shares of NASDAQ:ENTG opened at $35.97 on Thursday. The company has a quick ratio of 3.06, a current ratio of 4.34 and a debt-to-equity ratio of 0.93. Entegris Inc has a 1 year low of $23.39 and a 1 year high of $42.01. The firm has a market cap of $4.80 billion, a P/E ratio of 19.03 and a beta of 1.45.
Entegris (NASDAQ:ENTG) last announced its quarterly earnings data on Thursday, April 25th. The semiconductor company reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.03. Entegris had a return on equity of 26.00% and a net margin of 13.71%. The business had revenue of $391.00 million during the quarter, compared to analyst estimates of $400.43 million. During the same period last year, the company earned $0.47 earnings per share. Entegris’s quarterly revenue was up 6.5% compared to the same quarter last year. Analysts anticipate that Entegris Inc will post 1.94 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Wednesday, May 1st were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, April 30th. This represents a $0.28 annualized dividend and a dividend yield of 0.78%. Entegris’s dividend payout ratio is 14.81%.
ENTG has been the subject of several recent analyst reports. BidaskClub raised Entegris from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 23rd. ValuEngine upgraded Entegris from a “hold” rating to a “buy” rating in a report on Wednesday, February 27th. Seaport Global Securities lowered Entegris from a “buy” rating to a “neutral” rating in a report on Thursday, February 28th. Berenberg Bank began coverage on Entegris in a report on Thursday, March 21st. They set a “buy” rating and a $43.00 price objective for the company. Finally, Loop Capital cut their price objective on Entegris to $46.00 and set a “buy” rating for the company in a report on Tuesday, April 9th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $44.33.
In other news, CFO Gregory B. Graves sold 30,000 shares of Entegris stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $40.39, for a total value of $1,211,700.00. Following the transaction, the chief financial officer now directly owns 67,861 shares in the company, valued at $2,740,905.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert Nicholas Burns sold 3,600 shares of Entegris stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $41.04, for a total value of $147,744.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 62,894 shares of company stock valued at $2,514,479. 1.50% of the stock is owned by corporate insiders.
TRADEMARK VIOLATION NOTICE: This news story was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this news story on another website, it was stolen and reposted in violation of international copyright laws. The correct version of this news story can be read at https://www.dispatchtribunal.com/2019/06/13/entegris-inc-nasdaqentg-shares-sold-by-blackrock-inc.html.
Entegris, Inc develops, manufactures, and supplies micro contamination control products, specialty chemicals, and advanced materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries worldwide. It operates through three segments: Specialty Chemicals and Engineered Materials (SCEM); Microcontamination Control (MC); and Advanced Materials Handling (AMH).
Featured Article: Front-End Load
Want to see what other hedge funds are holding ENTG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Entegris Inc (NASDAQ:ENTG).
Receive News & Ratings for Entegris Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entegris and related companies with MarketBeat.com's FREE daily email newsletter.