Comerica Bank Has $1.62 Million Stock Position in Entegris, Inc. (NASDAQ:ENTG)

Comerica Bank boosted its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 3.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,323 shares of the semiconductor company’s stock after acquiring an additional 597 shares during the quarter. Comerica Bank’s holdings in Entegris were worth $1,617,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Barclays PLC lifted its position in Entegris by 44.2% in the 3rd quarter. Barclays PLC now owns 963,157 shares of the semiconductor company’s stock worth $108,383,000 after buying an additional 295,358 shares in the last quarter. Nordea Investment Management AB boosted its position in Entegris by 8.2% during the fourth quarter. Nordea Investment Management AB now owns 11,982 shares of the semiconductor company’s stock valued at $1,188,000 after purchasing an additional 910 shares during the last quarter. Fortitude Family Office LLC grew its stake in Entegris by 195.7% in the fourth quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 274 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Entegris by 6.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,913 shares of the semiconductor company’s stock worth $883,000 after purchasing an additional 520 shares during the last quarter. Finally, Eagle Bay Advisors LLC raised its stake in shares of Entegris by 4,375.0% during the 4th quarter. Eagle Bay Advisors LLC now owns 716 shares of the semiconductor company’s stock worth $71,000 after purchasing an additional 700 shares in the last quarter.

Insider Buying and Selling at Entegris

In other Entegris news, SVP Olivier Blachier sold 984 shares of Entegris stock in a transaction on Friday, February 21st. The shares were sold at an average price of $108.00, for a total transaction of $106,272.00. Following the sale, the senior vice president now owns 10,903 shares in the company, valued at $1,177,524. The trade was a 8.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Clinton M. Haris sold 12,652 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $106.92, for a total transaction of $1,352,751.84. Following the completion of the transaction, the senior vice president now owns 34,820 shares of the company’s stock, valued at approximately $3,722,954.40. This represents a 26.65 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.67% of the company’s stock.

Entegris Stock Performance

ENTG opened at $76.36 on Friday. The company has a quick ratio of 1.86, a current ratio of 3.08 and a debt-to-equity ratio of 1.08. The stock’s 50 day moving average price is $83.04 and its two-hundred day moving average price is $96.60. The firm has a market capitalization of $11.55 billion, a P/E ratio of 39.56, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33. Entegris, Inc. has a 12-month low of $60.75 and a 12-month high of $147.57.

Entegris (NASDAQ:ENTG) last announced its earnings results on Wednesday, May 7th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.02). Entegris had a return on equity of 12.83% and a net margin of 9.03%. The company had revenue of $773.20 million for the quarter, compared to the consensus estimate of $790.75 million. During the same period last year, the firm posted $0.68 EPS. The company’s revenue was up .3% compared to the same quarter last year. On average, equities analysts forecast that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 21st. Investors of record on Wednesday, April 30th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $0.40 annualized dividend and a yield of 0.52%. Entegris’s dividend payout ratio is 20.73%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ENTG. UBS Group dropped their price objective on Entegris from $90.00 to $85.00 and set a “neutral” rating on the stock in a report on Thursday. Needham & Company LLC cut their price target on shares of Entegris from $120.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday. Citigroup decreased their price objective on shares of Entegris from $125.00 to $102.00 and set a “buy” rating for the company in a report on Thursday. StockNews.com downgraded shares of Entegris from a “hold” rating to a “sell” rating in a research report on Saturday, April 19th. Finally, KeyCorp reduced their price target on Entegris from $130.00 to $117.00 and set an “overweight” rating for the company in a research report on Thursday. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $113.00.

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).