Argent Capital Management LLC Has $3.08 Million Stake in Entegris, Inc. (NASDAQ:ENTG)

Argent Capital Management LLC raised its holdings in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 9.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,066 shares of the semiconductor company's stock after acquiring an additional 2,793 shares during the period. Argent Capital Management LLC's holdings in Entegris were worth $3,077,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in ENTG. Charles Schwab Investment Management Inc. boosted its stake in Entegris by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,065,812 shares of the semiconductor company's stock valued at $119,936,000 after buying an additional 14,650 shares in the last quarter. Synovus Financial Corp boosted its position in shares of Entegris by 102.3% in the 3rd quarter. Synovus Financial Corp now owns 38,253 shares of the semiconductor company's stock valued at $4,305,000 after purchasing an additional 19,340 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of Entegris in the 3rd quarter valued at $1,158,000. International Assets Investment Management LLC acquired a new position in shares of Entegris in the 3rd quarter valued at $1,963,000. Finally, Bank of Montreal Can boosted its position in shares of Entegris by 56.5% in the 2nd quarter. Bank of Montreal Can now owns 76,278 shares of the semiconductor company's stock valued at $10,342,000 after purchasing an additional 27,525 shares during the period.

Entegris Trading Up 2.9 %

Shares of Entegris stock traded up $2.98 during trading on Thursday, reaching $104.91. 2,458,752 shares of the company were exchanged, compared to its average volume of 1,930,082. The company has a quick ratio of 1.83, a current ratio of 2.92 and a debt-to-equity ratio of 1.14. Entegris, Inc. has a twelve month low of $94.92 and a twelve month high of $147.57. The business has a 50-day moving average price of $103.53 and a 200-day moving average price of $111.11. The firm has a market capitalization of $15.84 billion, a price-to-earnings ratio of 69.48, a P/E/G ratio of 1.33 and a beta of 1.24.

Entegris (NASDAQ:ENTG - Get Free Report) last posted its earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share (EPS) 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 business had revenue of $807.70 million during the quarter, compared to analyst estimates of $832.44 million. During the same period in the previous year, the firm posted $0.68 earnings per share. The firm's revenue was down 9.1% on a year-over-year basis. Sell-side analysts anticipate that Entegris, Inc. will post 2.95 EPS for the current fiscal year.

Entegris Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $0.40 annualized dividend and a yield of 0.38%. Entegris's payout ratio is presently 26.49%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on ENTG shares. UBS Group decreased their price target on Entegris from $130.00 to $115.00 and set a "neutral" rating for the company in a research report on Tuesday, November 5th. Craig Hallum decreased their price target on Entegris from $150.00 to $130.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. BMO Capital Markets decreased their price target on Entegris from $145.00 to $135.00 and set an "outperform" rating for the company in a research report on Tuesday, November 5th. Citigroup reduced their price objective on Entegris from $130.00 to $123.00 and set a "buy" rating for the company in a research note on Wednesday, November 6th. Finally, Mizuho reduced their price objective on Entegris from $125.00 to $120.00 and set an "outperform" rating for the company in a research note on Tuesday, January 7th. One investment 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. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $134.50.

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).