Geode Capital Management LLC Grows Holdings in Entegris, Inc. (NASDAQ:ENTG)

Geode Capital Management LLC grew its position in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 2.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,537,948 shares of the semiconductor company's stock after buying an additional 49,846 shares during the quarter. Geode Capital Management LLC owned 1.68% of Entegris worth $284,941,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ENTG. Mountaineer Partners Management LLC increased its position in Entegris by 16,255.1% during the 3rd quarter. Mountaineer Partners Management LLC now owns 11,044,594 shares of the semiconductor company's stock worth $1,242,848,000 after purchasing an additional 10,977,064 shares in the last quarter. Earnest Partners LLC boosted its stake in shares of Entegris by 0.6% during the 2nd quarter. Earnest Partners LLC now owns 1,858,757 shares of the semiconductor company's stock worth $251,676,000 after purchasing an additional 11,692 shares during the last quarter. American Century Companies Inc. boosted its stake 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 worth $206,326,000 after purchasing an additional 256,186 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of Entegris by 0.9% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,503,656 shares of the semiconductor company's stock worth $169,206,000 after buying an additional 12,913 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Entegris by 130.8% in the third 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 during the last quarter.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ENTG. Mizuho decreased their target price on shares of Entegris from $143.00 to $125.00 and set an "outperform" rating on the stock in a research report on Tuesday, November 5th. BMO Capital Markets decreased their price objective on Entegris from $145.00 to $135.00 and set an "outperform" rating on the stock in a report on Tuesday, November 5th. UBS Group dropped their target price on Entegris from $130.00 to $115.00 and set a "neutral" rating for the company in a research note on Tuesday, November 5th. Craig Hallum decreased their price target on Entegris from $150.00 to $130.00 and set a "buy" rating on the stock in a research note on Tuesday, November 5th. Finally, Citigroup dropped their price objective 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. One investment 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, Entegris has a consensus rating of "Moderate Buy" and a consensus price target of $135.40.

Entegris Trading Down 0.6 %

Shares of NASDAQ:ENTG traded down $0.64 during trading on Friday, reaching $106.66. 2,238,402 shares of the stock were exchanged, compared to its average volume of 1,711,907. The firm's 50-day moving average price is $105.69 and its 200 day moving average price is $116.10. The firm has a market cap of $16.11 billion, a price-to-earnings ratio of 70.64, a price-to-earnings-growth ratio of 1.80 and a beta of 1.23. Entegris, Inc. has a 12-month low of $94.92 and a 12-month high of $147.57. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.83 and a current ratio of 2.92.

Entegris (NASDAQ:ENTG - Get Free Report) last announced 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 net margin of 7.13% and a return on equity of 12.24%. The business had revenue of $807.70 million for the quarter, compared to analyst estimates of $832.44 million. During the same period last year, the firm earned $0.68 earnings per share. The company's quarterly revenue was down 9.1% on a year-over-year basis. On average, sell-side analysts anticipate that Entegris, Inc. will post 2.99 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, October 30th were issued a $0.10 dividend. The ex-dividend date was Wednesday, October 30th. This represents a $0.40 annualized dividend and a yield of 0.38%. Entegris's dividend payout ratio is currently 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).