Bank of Montreal Can increased its position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 42.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 108,717 shares of the semiconductor company's stock after acquiring an additional 32,439 shares during the quarter. Bank of Montreal Can owned about 0.07% of Entegris worth $12,487,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the company. Comerica Bank boosted its stake in Entegris by 3.2% in the first quarter. Comerica Bank now owns 17,240 shares of the semiconductor company's stock valued at $2,423,000 after acquiring an additional 541 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Entegris by 128.0% during the first quarter. Cetera Investment Advisers now owns 20,387 shares of the semiconductor company's stock worth $2,865,000 after purchasing an additional 11,444 shares during the period. Cetera Advisors LLC increased its holdings in Entegris by 171.6% in the first quarter. Cetera Advisors LLC now owns 7,237 shares of the semiconductor company's stock valued at $1,017,000 after purchasing an additional 4,572 shares during the last quarter. GAMMA Investing LLC increased its holdings in Entegris by 31.4% in the second quarter. GAMMA Investing LLC now owns 1,499 shares of the semiconductor company's stock valued at $203,000 after purchasing an additional 358 shares during the last quarter. Finally, DNB Asset Management AS lifted its stake in Entegris by 2.7% in the second quarter. DNB Asset Management AS now owns 23,053 shares of the semiconductor company's stock valued at $3,121,000 after buying an additional 600 shares during the period.
Entegris Stock Up 3.0 %
Shares of Entegris stock traded up $3.20 during trading on Monday, reaching $108.83. The stock had a trading volume of 1,675,632 shares, compared to its average volume of 1,711,109. 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 company has a market capitalization of $16.43 billion, a price-to-earnings ratio of 69.95, a P/E/G ratio of 1.74 and a beta of 1.24. The stock has a fifty day moving average price of $106.52 and a two-hundred day moving average price of $117.68. Entegris, Inc. has a 52 week low of $94.92 and a 52 week high of $147.57.
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 analysts' consensus estimates of $0.78 by ($0.01). Entegris had a return on equity of 12.24% and a net margin of 7.13%. The firm had revenue of $807.70 million for the quarter, compared to analyst estimates of $832.44 million. During the same period last year, the company earned $0.68 EPS. The company's revenue was down 9.1% compared to the same quarter last year. Sell-side analysts predict that Entegris, Inc. will post 2.99 EPS for the current fiscal year.
Entegris Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.37%. Entegris's dividend payout ratio is 26.49%.
Analyst Ratings Changes
A number of analysts have recently commented on ENTG shares. KeyCorp lowered their price target on Entegris from $164.00 to $154.00 and set an "overweight" rating for the company in a research note on Tuesday, November 5th. UBS Group lowered their target price on shares of Entegris from $130.00 to $115.00 and set a "neutral" rating for the company in a research note on Tuesday, November 5th. Citigroup cut their target price on shares of Entegris from $130.00 to $123.00 and set a "buy" rating on the stock in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Entegris from $145.00 to $115.00 and set a "buy" rating for the company in a report on Tuesday, November 5th. Finally, Craig Hallum dropped their price objective on Entegris from $150.00 to $130.00 and set a "buy" rating on the stock in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $135.40.
Read Our Latest Stock Report on ENTG
About Entegris
(
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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