Entegris, Inc. (NASDAQ:ENTG) Shares Purchased by Mackenzie Financial Corp

Mackenzie Financial Corp boosted its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 61.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,891 shares of the semiconductor company’s stock after acquiring an additional 3,382 shares during the quarter. Mackenzie Financial Corp’s holdings in Entegris were worth $778,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of ENTG. Personal CFO Solutions LLC increased its position in Entegris by 6.0% in the 1st quarter. Personal CFO Solutions LLC now owns 2,466 shares of the semiconductor company’s stock valued at $216,000 after acquiring an additional 140 shares during the period. First Hawaiian Bank lifted its stake in shares of Entegris by 0.9% during the 1st quarter. First Hawaiian Bank now owns 15,786 shares of the semiconductor company’s stock worth $1,381,000 after purchasing an additional 143 shares during the period. Ensign Peak Advisors Inc raised its position in shares of Entegris by 0.3% in the 4th quarter. Ensign Peak Advisors Inc now owns 53,230 shares of the semiconductor company’s stock worth $5,273,000 after buying an additional 150 shares during the period. Evexia Wealth LLC increased its holdings in Entegris by 6.3% in the 1st quarter. Evexia Wealth LLC now owns 2,798 shares of the semiconductor company’s stock valued at $245,000 after purchasing an additional 166 shares in the last quarter. Finally, Central Pacific Bank Trust Division grew its stake in shares of Entegris by 125.7% during the first quarter. Central Pacific Bank Trust Division now owns 307 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 171 shares in the last quarter.

Entegris Stock Down 1.5%

Entegris stock opened at $72.23 on Thursday. The firm has a market cap of $10.95 billion, a price-to-earnings ratio of 37.23 and a beta of 1.22. The company has a debt-to-equity ratio of 1.04, a current ratio of 3.30 and a quick ratio of 1.95. Entegris, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $119.95. The firm has a fifty day moving average price of $81.43 and a two-hundred day moving average price of $86.46.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.01. The business had revenue of $792.40 million during the quarter, compared to analyst estimates of $753.85 million. Entegris had a net margin of 9.17% and a return on equity of 12.05%. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.71 earnings per share. As a group, analysts forecast that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 20th. Stockholders of record on Wednesday, July 30th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, July 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.6%. Entegris’s dividend payout ratio (DPR) is presently 20.62%.

Insider Buying and Selling at Entegris

In other news, SVP Clinton M. Haris sold 3,627 shares of the firm’s stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $90.00, for a total transaction of $326,430.00. Following the completion of the sale, the senior vice president owned 37,743 shares of the company’s stock, valued at approximately $3,396,870. This trade represents a 8.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on ENTG. Citigroup decreased their price target on Entegris from $125.00 to $102.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. UBS Group dropped their target price on Entegris from $95.00 to $90.00 and set a “neutral” rating on the stock in a report on Thursday, July 31st. The Goldman Sachs Group initiated coverage on Entegris in a report on Thursday, July 10th. They issued a “neutral” rating and a $85.00 price target on the stock. KeyCorp reiterated an “overweight” rating and set a $103.00 price objective (down from $112.00) on shares of Entegris in a research report on Thursday, July 31st. Finally, Needham & Company LLC restated a “buy” rating and set a $100.00 price target on shares of Entegris in a report on Tuesday, May 20th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Entegris presently has a consensus rating of “Moderate Buy” and an average target price of $106.44.

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).