Entegris, Inc. (NASDAQ:ENTG) Stock Position Increased by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 64.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 103,546 shares of the semiconductor company's stock after purchasing an additional 40,620 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned 0.07% of Entegris worth $11,652,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ENTG. Assenagon Asset Management S.A. raised its holdings in Entegris by 1,076.3% during the third quarter. Assenagon Asset Management S.A. now owns 923,332 shares of the semiconductor company's stock worth $103,903,000 after purchasing an additional 844,837 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Entegris by 130.8% in the 3rd quarter. Principal Financial Group Inc. now owns 1,379,963 shares of the semiconductor company's stock valued at $155,287,000 after buying an additional 781,955 shares in the last quarter. Swedbank AB lifted its holdings in Entegris by 249.7% in the 3rd quarter. Swedbank AB now owns 1,050,361 shares of the semiconductor company's stock valued at $118,197,000 after purchasing an additional 750,000 shares in the last quarter. D1 Capital Partners L.P. purchased a new stake in shares of Entegris during the third quarter worth about $72,143,000. Finally, RGM Capital LLC raised its position in shares of Entegris by 76.4% in the third quarter. RGM Capital LLC now owns 1,050,037 shares of the semiconductor company's stock valued at $118,161,000 after buying an additional 454,853 shares during the last quarter.

Wall Street Analysts Forecast Growth

ENTG has been the subject of several recent analyst reports. Citigroup lowered their target price on shares of Entegris from $130.00 to $123.00 and set a "buy" rating for the company in a research note on Wednesday, November 6th. BMO Capital Markets lowered their price objective on Entegris from $145.00 to $135.00 and set an "outperform" rating for the company in a research report on Tuesday, November 5th. Craig Hallum reduced their target price on Entegris from $150.00 to $130.00 and set a "buy" rating on the stock in a research report on Tuesday, November 5th. UBS Group lowered their price target on Entegris from $130.00 to $115.00 and set a "neutral" rating for the company in a report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Entegris from $145.00 to $115.00 and set a "buy" rating on the stock in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $135.40.

Entegris Trading Up 3.0 %

Shares of Entegris stock traded up $3.20 during trading hours on Monday, hitting $108.83. The company's stock had a trading volume of 1,675,632 shares, compared to its average volume of 1,711,109. The company has a quick ratio of 1.83, a current ratio of 2.92 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $16.43 billion, a PE ratio of 69.95, a P/E/G ratio of 1.74 and a beta of 1.24. The business has a fifty day moving average of $106.52 and a 200 day moving average of $117.68. Entegris, Inc. has a 1-year low of $94.92 and a 1-year high of $147.57.

Entegris (NASDAQ:ENTG - Get Free Report) last issued its earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.01). Entegris had a return on equity of 12.24% and a net margin of 7.13%. The company had revenue of $807.70 million during the quarter, compared to analysts' expectations of $832.44 million. During the same period in the previous year, the company earned $0.68 EPS. Entegris's quarterly revenue was down 9.1% on a year-over-year basis. As a group, equities analysts forecast that Entegris, Inc. will post 2.99 EPS for the current year.

Entegris Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, October 30th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date was Wednesday, October 30th. Entegris's dividend payout ratio is presently 26.49%.

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).