Neuberger Berman Group LLC Has $75.86 Million Stock Holdings in Entegris, Inc. (NASDAQ:ENTG)

Neuberger Berman Group LLC cut its position in Entegris, Inc. (NASDAQ:ENTGGet Rating) by 27.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 577,813 shares of the semiconductor company’s stock after selling 214,873 shares during the period. Neuberger Berman Group LLC’s holdings in Entegris were worth $75,862,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of ENTG. Cambridge Trust Co. raised its holdings in shares of Entegris by 1,057.9% during the first quarter. Cambridge Trust Co. now owns 220 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 201 shares during the period. Quent Capital LLC lifted its position in Entegris by 63.8% in the 1st quarter. Quent Capital LLC now owns 321 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 125 shares in the last quarter. Itau Unibanco Holding S.A. lifted its position in Entegris by 68.4% in the 4th quarter. Itau Unibanco Holding S.A. now owns 357 shares of the semiconductor company’s stock valued at $49,000 after acquiring an additional 145 shares in the last quarter. Whittier Trust Co. lifted its position in Entegris by 31.3% in the 1st quarter. Whittier Trust Co. now owns 390 shares of the semiconductor company’s stock valued at $51,000 after acquiring an additional 93 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. lifted its position in Entegris by 136.5% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 596 shares of the semiconductor company’s stock valued at $78,000 after acquiring an additional 344 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ENTG has been the topic of several analyst reports. UBS Group cut their price target on shares of Entegris from $125.00 to $120.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 3rd. Stifel Nicolaus boosted their price target on shares of Entegris from $186.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, August 16th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Entegris from $145.00 to $125.00 in a research report on Monday, July 18th. The Goldman Sachs Group boosted their price target on shares of Entegris from $109.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, August 3rd. Finally, Mizuho boosted their price objective on shares of Entegris from $146.00 to $148.00 and gave the stock a “buy” rating in a research note on Wednesday, August 3rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $146.10.

Entegris Stock Down 0.4 %

Shares of ENTG opened at $92.80 on Friday. Entegris, Inc. has a 52 week low of $85.92 and a 52 week high of $158.00. The firm has a market cap of $13.82 billion, a P/E ratio of 27.46 and a beta of 1.28. The firm’s 50-day simple moving average is $100.10 and its 200 day simple moving average is $107.89. The company has a debt-to-equity ratio of 1.78, a quick ratio of 8.37 and a current ratio of 9.86.

Entegris (NASDAQ:ENTGGet Rating) last announced its quarterly earnings results on Tuesday, August 2nd. The semiconductor company reported $1.00 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.05). Entegris had a net margin of 18.02% and a return on equity of 30.56%. The company had revenue of $692.50 million during the quarter, compared to analyst estimates of $665.90 million. During the same quarter last year, the company posted $0.85 EPS. The firm’s quarterly revenue was up 21.2% on a year-over-year basis. On average, analysts forecast that Entegris, Inc. will post 4.07 earnings per share for the current year.

Entegris Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 24th. Shareholders of record on Wednesday, August 3rd were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, August 2nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.43%. Entegris’s payout ratio is presently 11.83%.

Entegris Company Profile

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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: Specialty Chemicals and Engineered Materials (SCEM); Microcontamination Control (MC); and Advanced Materials Handling (AMH).

See Also

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Institutional Ownership by Quarter for Entegris (NASDAQ:ENTG)

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