Brown Brothers Harriman & Co. Boosts Stock Holdings in Entegris, Inc. (NASDAQ:ENTG)

Brown Brothers Harriman & Co. grew its stake in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 40.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 464,039 shares of the semiconductor company's stock after acquiring an additional 133,722 shares during the period. Brown Brothers Harriman & Co. owned 0.31% of Entegris worth $52,218,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in ENTG. Diversified Trust Co bought a new stake in Entegris during the second quarter valued at $851,000. Cetera Investment Advisers raised its stake in Entegris by 128.0% in the first quarter. Cetera Investment Advisers now owns 20,387 shares of the semiconductor company's stock valued at $2,865,000 after purchasing an additional 11,444 shares in the last quarter. Swedbank AB lifted its position in Entegris by 520.3% during the second quarter. Swedbank AB now owns 300,361 shares of the semiconductor company's stock valued at $40,669,000 after purchasing an additional 251,938 shares during the last quarter. SG Americas Securities LLC grew its stake in Entegris by 124.6% in the 2nd quarter. SG Americas Securities LLC now owns 14,563 shares of the semiconductor company's stock worth $1,972,000 after buying an additional 8,079 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in shares of Entegris in the 3rd quarter worth $1,158,000.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Citigroup reduced their price objective on Entegris from $130.00 to $123.00 and set a "buy" rating on the stock in a research report on Wednesday, November 6th. BMO Capital Markets decreased their price target on shares of Entegris from $145.00 to $135.00 and set an "outperform" rating on the stock in a research note on Tuesday, November 5th. KeyCorp cut their price objective on shares of Entegris from $164.00 to $154.00 and set an "overweight" rating for the company in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Entegris from $145.00 to $115.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. Finally, Mizuho reduced their price objective on Entegris from $143.00 to $125.00 and set an "outperform" rating on the stock in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $135.40.

Entegris Trading Up 0.7 %

Shares of ENTG stock traded up $0.78 during trading hours on Monday, reaching $108.02. The company's stock had a trading volume of 2,499,451 shares, compared to its average volume of 1,712,910. The company has a current ratio of 2.92, a quick ratio of 1.83 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $16.31 billion, a P/E ratio of 71.76, a P/E/G ratio of 1.77 and a beta of 1.24. The firm's fifty day simple moving average is $107.09 and its 200 day simple moving average is $118.56. Entegris, Inc. has a one year low of $94.92 and a one year high of $147.57.

Entegris (NASDAQ:ENTG - Get Free Report) last announced its earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share for the quarter, missing analysts' consensus estimates of $0.78 by ($0.01). Entegris had a net margin of 7.13% and a return on equity of 12.24%. The company had revenue of $807.70 million for the quarter, compared to the consensus estimate of $832.44 million. During the same period in the previous year, the firm posted $0.68 EPS. The company's revenue for the quarter was down 9.1% on a year-over-year basis. Equities research analysts expect 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. Stockholders of record on Wednesday, October 30th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date was Wednesday, October 30th. Entegris's payout ratio is presently 26.49%.

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).