Charles Schwab Investment Management Inc. raised its holdings in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 1.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,065,812 shares of the semiconductor company's stock after buying an additional 14,650 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.71% of Entegris worth $119,936,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. raised its position in shares of Entegris by 1,076.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 923,332 shares of the semiconductor company's stock valued at $103,903,000 after buying an additional 844,837 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Entegris by 130.8% during the third quarter. Principal Financial Group Inc. now owns 1,379,963 shares of the semiconductor company's stock worth $155,287,000 after purchasing an additional 781,955 shares during the last quarter. Swedbank AB boosted its holdings in shares of Entegris by 249.7% in the 3rd quarter. Swedbank AB now owns 1,050,361 shares of the semiconductor company's stock worth $118,197,000 after purchasing an additional 750,000 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of Entegris in the 2nd quarter worth about $42,087,000. Finally, American Century Companies Inc. increased its position in shares of Entegris by 20.2% during the 2nd quarter. American Century Companies Inc. now owns 1,523,824 shares of the semiconductor company's stock valued at $206,326,000 after purchasing an additional 256,186 shares during the last quarter.
Entegris Trading Down 2.3 %
NASDAQ ENTG traded down $2.50 on Tuesday, hitting $105.52. The company's stock had a trading volume of 2,073,714 shares, compared to its average volume of 1,714,566. The company has a current ratio of 2.92, a quick ratio of 1.83 and a debt-to-equity ratio of 1.14. Entegris, Inc. has a 52-week low of $94.92 and a 52-week high of $147.57. The firm has a market cap of $15.93 billion, a P/E ratio of 69.88, a PEG ratio of 1.77 and a beta of 1.24. The company's 50-day simple moving average is $107.05 and its 200 day simple moving average is $118.41.
Entegris (NASDAQ:ENTG - Get Free Report) last released its quarterly 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 net margin of 7.13% and a return on equity of 12.24%. The company had revenue of $807.70 million during the quarter, compared to the consensus estimate of $832.44 million. During the same quarter last year, the firm earned $0.68 EPS. The business's revenue was down 9.1% on a year-over-year basis. Research analysts predict that Entegris, Inc. will post 2.99 EPS for the current fiscal year.
Entegris Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, October 30th were issued a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $0.40 annualized dividend and a yield of 0.38%. Entegris's dividend payout ratio (DPR) is presently 26.49%.
Analyst Ratings Changes
ENTG has been the subject of several research reports. Deutsche Bank Aktiengesellschaft cut their target price on Entegris from $145.00 to $115.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. KeyCorp reduced their target price on shares of Entegris from $164.00 to $154.00 and set an "overweight" rating on the stock in a report on Tuesday, November 5th. Citigroup lowered their price target 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. 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. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $150.00 price objective on shares of Entegris in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $135.40.
View Our Latest Report on Entegris
Entegris Profile
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Free Report)
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).
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