Swedbank AB Has $118.20 Million Stock Position in Entegris, Inc. (NASDAQ:ENTG)

Swedbank AB increased its position in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 249.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,050,361 shares of the semiconductor company's stock after acquiring an additional 750,000 shares during the period. Swedbank AB owned approximately 0.70% of Entegris worth $118,197,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Innealta Capital LLC bought a new stake in shares of Entegris in the 2nd quarter worth $26,000. Quarry LP bought a new stake in Entegris in the second quarter worth about $27,000. Summit Securities Group LLC acquired a new stake in Entegris in the 2nd quarter valued at about $27,000. Opal Wealth Advisors LLC bought a new position in shares of Entegris during the 2nd quarter valued at about $31,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Entegris in the 3rd quarter worth approximately $29,000.

Entegris Stock Up 0.7 %

NASDAQ ENTG traded up $0.78 on Monday, reaching $108.02. The stock had a trading volume of 2,499,451 shares, compared to its average volume of 1,712,910. Entegris, Inc. has a 1 year low of $94.92 and a 1 year high of $147.57. The business has a 50 day moving average price of $107.05 and a 200 day moving average price of $118.41. 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 $16.31 billion, a price-to-earnings ratio of 71.54, a P/E/G ratio of 1.77 and a beta of 1.24.

Entegris (NASDAQ:ENTG - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.77 EPS for the quarter, missing analysts' consensus estimates of $0.78 by ($0.01). The firm had revenue of $807.70 million during the quarter, compared to analyst estimates of $832.44 million. Entegris had a return on equity of 12.24% and a net margin of 7.13%. The company's quarterly revenue was down 9.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.68 EPS. On average, analysts forecast 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. Investors of record on Wednesday, October 30th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date was Wednesday, October 30th. Entegris's dividend payout ratio is presently 26.49%.

Wall Street Analyst Weigh In

Several research firms recently commented on ENTG. Needham & Company LLC reissued a "buy" rating and set a $150.00 target price on shares of Entegris in a research note on Thursday, August 1st. Craig Hallum reduced their price objective on Entegris from $150.00 to $130.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. UBS Group decreased their target price on Entegris from $130.00 to $115.00 and set a "neutral" rating on the stock in a report on Tuesday, November 5th. Mizuho decreased their price target on Entegris from $143.00 to $125.00 and set an "outperform" rating for the company in a research report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective 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. 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 stock. Based on data from MarketBeat.com, Entegris has an average rating of "Moderate Buy" and an average price target of $135.40.

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).