Portside Wealth Group LLC Acquires 378 Shares of Entegris, Inc. (NASDAQ:ENTG)

Portside Wealth Group LLC lifted its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 11.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,756 shares of the semiconductor company’s stock after acquiring an additional 378 shares during the quarter. Portside Wealth Group LLC’s holdings in Entegris were worth $329,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Corient Private Wealth LLC lifted its holdings in Entegris by 1.1% in the fourth quarter. Corient Private Wealth LLC now owns 11,862 shares of the semiconductor company’s stock valued at $1,175,000 after acquiring an additional 128 shares during the period. Torray Investment Partners LLC lifted its holdings in Entegris by 0.9% in the fourth quarter. Torray Investment Partners LLC now owns 15,266 shares of the semiconductor company’s stock valued at $1,512,000 after acquiring an additional 129 shares during the period. Metis Global Partners LLC lifted its holdings in Entegris by 7.1% in the fourth quarter. Metis Global Partners LLC now owns 2,049 shares of the semiconductor company’s stock valued at $203,000 after acquiring an additional 135 shares during the period. First Hawaiian Bank lifted its holdings in Entegris by 0.9% in the first quarter. First Hawaiian Bank now owns 15,786 shares of the semiconductor company’s stock valued at $1,381,000 after acquiring an additional 143 shares during the period. Finally, HighPoint Advisor Group LLC lifted its holdings in Entegris by 4.3% in the fourth quarter. HighPoint Advisor Group LLC now owns 3,559 shares of the semiconductor company’s stock valued at $376,000 after acquiring an additional 146 shares during the period.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on ENTG shares. Wall Street Zen downgraded Entegris from a “hold” rating to a “sell” rating in a report on Saturday, April 19th. Needham & Company LLC reissued a “buy” rating and issued a $100.00 target price on shares of Entegris in a report on Tuesday, May 20th. Citigroup lowered their target price on Entegris from $125.00 to $102.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. UBS Group lowered their target price on Entegris from $90.00 to $85.00 and set a “neutral” rating on the stock in a report on Thursday, May 8th. Finally, KeyCorp decreased their price objective on Entegris from $130.00 to $117.00 and set an “overweight” rating on the stock in a research note on Thursday, May 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $113.00.

Entegris Stock Up 1.5%

NASDAQ ENTG opened at $79.63 on Wednesday. The stock’s 50-day moving average price is $74.45 and its 200-day moving average price is $92.15. The company has a market capitalization of $12.06 billion, a P/E ratio of 41.26, a price-to-earnings-growth ratio of 1.50 and a beta of 1.24. Entegris, Inc. has a 52 week low of $60.75 and a 52 week high of $147.57. The company has a quick ratio of 1.86, a current ratio of 3.08 and a debt-to-equity ratio of 1.08.

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

Entegris Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Wednesday, April 30th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend was Wednesday, April 30th. Entegris’s dividend payout ratio (DPR) is presently 19.61%.

Entegris Company 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).