Holocene Advisors LP raised its stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 39.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 103,772 shares of the semiconductor company's stock after buying an additional 29,140 shares during the quarter. Holocene Advisors LP owned approximately 0.07% of Entegris worth $11,677,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Assenagon Asset Management S.A. raised its position in Entegris by 1,076.3% in 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 purchasing an additional 844,837 shares in the last quarter. Principal Financial Group Inc. raised its position in Entegris by 130.8% in the 3rd quarter. Principal Financial Group Inc. now owns 1,379,963 shares of the semiconductor company's stock valued at $155,287,000 after purchasing an additional 781,955 shares in the last quarter. Swedbank AB raised its position in Entegris by 249.7% in the 3rd quarter. Swedbank AB now owns 1,050,361 shares of the semiconductor company's stock valued at $118,197,000 after purchasing an additional 750,000 shares in the last quarter. D1 Capital Partners L.P. acquired a new stake in Entegris in the 3rd quarter valued at about $72,143,000. Finally, RGM Capital LLC raised its position in Entegris by 76.4% in the 3rd quarter. RGM Capital LLC now owns 1,050,037 shares of the semiconductor company's stock valued at $118,161,000 after purchasing an additional 454,853 shares in the last quarter.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on ENTG shares. BMO Capital Markets reduced their price target on Entegris from $145.00 to $135.00 and set an "outperform" rating on the stock in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft cut their target price on Entegris from $145.00 to $115.00 and set a "buy" rating on the stock in a research report on Tuesday, November 5th. KeyCorp cut their target price on Entegris from $164.00 to $154.00 and set an "overweight" rating on the stock in a research report on Tuesday, November 5th. Craig Hallum cut their target price on Entegris from $150.00 to $130.00 and set a "buy" rating on the stock in a research report on Tuesday, November 5th. Finally, UBS Group cut their target price on Entegris from $130.00 to $115.00 and set a "neutral" rating on the stock in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Entegris has an average rating of "Moderate Buy" and an average target price of $135.40.
Read Our Latest Stock Report on Entegris
Entegris Stock Up 1.8 %
ENTG traded up $1.93 during trading on Wednesday, reaching $110.10. 2,015,225 shares of the stock traded hands, compared to its average volume of 1,710,545. The stock has a market cap of $16.62 billion, a price-to-earnings ratio of 72.46, a price-to-earnings-growth ratio of 1.80 and a beta of 1.23. Entegris, Inc. has a fifty-two week low of $94.92 and a fifty-two week high of $147.57. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.92 and a quick ratio of 1.83. The stock's 50-day simple moving average is $106.38 and its two-hundred day simple moving average is $117.37.
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). The company 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%. Entegris's quarterly revenue was down 9.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.68 EPS. As a group, equities research analysts expect that Entegris, Inc. will post 2.99 EPS for the current year.
Entegris Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.36%. The ex-dividend date of this dividend was Wednesday, October 30th. Entegris's payout ratio is currently 26.49%.
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).
Featured Articles
Before you consider Entegris, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Entegris wasn't on the list.
While Entegris currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
