Sarasin & Partners LLP Makes New $1.54 Million Investment in Entegris, Inc. (NASDAQ:ENTG)

Sarasin & Partners LLP purchased a new stake in shares of Entegris, Inc. (NASDAQ:ENTG) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 17,655 shares of the semiconductor company’s stock, valued at approximately $1,544,000.

Other large investors have also recently made changes to their positions in the company. Norges Bank bought a new position in Entegris during the fourth quarter valued at approximately $445,988,000. Price T Rowe Associates Inc. MD grew its position in shares of Entegris by 33.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 11,194,612 shares of the semiconductor company’s stock worth $1,108,940,000 after buying an additional 2,826,463 shares during the period. D1 Capital Partners L.P. grew its stake in shares of Entegris by 329.4% in the 4th quarter. D1 Capital Partners L.P. now owns 2,752,902 shares of the semiconductor company’s stock worth $272,702,000 after buying an additional 2,111,801 shares during the last quarter. Deutsche Bank AG boosted its stake in Entegris by 434.1% in the 4th quarter. Deutsche Bank AG now owns 1,470,162 shares of the semiconductor company’s stock worth $145,634,000 after purchasing an additional 1,194,903 shares in the last quarter. Finally, TPG GP A LLC purchased a new stake in Entegris during the 4th quarter valued at $115,639,000.

Entegris Stock Up 7.6%

ENTG opened at $78.47 on Tuesday. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.08 and a quick ratio of 1.86. The business has a 50 day simple moving average of $74.30 and a 200-day simple moving average of $92.24. Entegris, Inc. has a 12 month low of $60.75 and a 12 month high of $147.57. The stock has a market capitalization of $11.88 billion, a P/E ratio of 40.66, a P/E/G ratio of 1.50 and a beta of 1.24.

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

Entegris Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Wednesday, April 30th were issued a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.51%. Entegris’s dividend payout ratio (DPR) is presently 19.61%.

Analyst Ratings Changes

Several research firms have recently commented on ENTG. Wall Street Zen downgraded Entegris from a “hold” rating to a “sell” rating in a research note on Saturday, April 19th. Citigroup reduced their price target on Entegris from $125.00 to $102.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. KeyCorp decreased their price objective on Entegris from $130.00 to $117.00 and set an “overweight” rating for the company in a report on Thursday, May 8th. UBS Group cut their price objective on shares of Entegris from $90.00 to $85.00 and set a “neutral” rating on the stock in a research report on Thursday, May 8th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $100.00 price objective on shares of Entegris in a research note on Tuesday, May 20th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently 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).