Charles Schwab Investment Management Inc. Has $98.32 Million Stock Holdings in Entegris, Inc. (NASDAQ:ENTG)

Charles Schwab Investment Management Inc. increased its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 3.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,123,961 shares of the semiconductor company’s stock after buying an additional 33,148 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.74% of Entegris worth $98,324,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Personal CFO Solutions LLC grew its position in Entegris by 6.0% during the first quarter. Personal CFO Solutions LLC now owns 2,466 shares of the semiconductor company’s stock worth $216,000 after buying an additional 140 shares in the last quarter. First Hawaiian Bank grew its position in Entegris by 0.9% during the first quarter. First Hawaiian Bank now owns 15,786 shares of the semiconductor company’s stock worth $1,381,000 after buying an additional 143 shares in the last quarter. Ensign Peak Advisors Inc grew its position in Entegris by 0.3% during the fourth 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 in the last quarter. Evexia Wealth LLC grew its position in Entegris by 6.3% during the first quarter. Evexia Wealth LLC now owns 2,798 shares of the semiconductor company’s stock worth $245,000 after buying an additional 166 shares in the last quarter. Finally, Central Pacific Bank Trust Division grew its position in Entegris by 125.7% during the first quarter. Central Pacific Bank Trust Division now owns 307 shares of the semiconductor company’s stock worth $27,000 after buying an additional 171 shares in the last quarter.

Entegris Stock Performance

NASDAQ:ENTG opened at $75.97 on Wednesday. Entegris, Inc. has a 1 year low of $60.75 and a 1 year high of $119.95. The firm has a 50 day moving average of $81.71 and a 200-day moving average of $85.42. The company has a current ratio of 3.30, a quick ratio of 1.95 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $11.52 billion, a P/E ratio of 39.16 and a beta of 1.22.

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

Entegris Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 20th. Stockholders of record on Wednesday, July 30th will be paid a $0.10 dividend. The ex-dividend date is Wednesday, July 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. Entegris’s payout ratio is 20.62%.

Insider Activity

In other news, SVP Clinton M. Haris sold 3,627 shares of Entegris stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $90.00, for a total value of $326,430.00. Following the completion of the transaction, the senior vice president owned 37,743 shares in the company, valued at approximately $3,396,870. The trade was a 8.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on ENTG. Mizuho lifted their target price on Entegris from $90.00 to $98.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 15th. Wall Street Zen downgraded Entegris from a “hold” rating to a “sell” rating in a report on Saturday, August 2nd. KeyCorp reaffirmed an “overweight” rating and set a $103.00 price objective (down from $112.00) on shares of Entegris in a report on Thursday, July 31st. The Goldman Sachs Group started coverage on Entegris in a report on Thursday, July 10th. They set a “neutral” rating and a $85.00 price objective on the stock. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 price objective on shares of Entegris in a report on Tuesday, May 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $106.44.

About Entegris

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).