Entegris Inc (NASDAQ:ENTG) Shares Sold by BlackRock Inc.

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.

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About Entegris

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).

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Institutional Ownership by Quarter for Entegris (NASDAQ:ENTG)

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