Janney Montgomery Scott LLC bought a new stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 10,291 shares of the semiconductor company's stock, valued at approximately $1,158,000.
Several other large investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Entegris by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 14,666,653 shares of the semiconductor company's stock valued at $2,061,251,000 after purchasing an additional 112,638 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Entegris by 7.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,085,147 shares of the semiconductor company's stock valued at $1,838,988,000 after purchasing an additional 916,420 shares in the last quarter. Earnest Partners LLC boosted its position 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 valued at $251,676,000 after purchasing an additional 11,692 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Entegris by 20.2% in the second quarter. American Century Companies Inc. now owns 1,523,824 shares of the semiconductor company's stock worth $206,326,000 after buying an additional 256,186 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Entegris by 7.7% in the second quarter. Envestnet Asset Management Inc. now owns 1,083,217 shares of the semiconductor company's stock worth $146,668,000 after buying an additional 77,083 shares during the period.
Entegris Stock Down 3.8 %
ENTG traded down $3.83 during midday trading on Friday, hitting $97.67. 3,821,839 shares of the company's stock traded hands, compared to its average volume of 1,697,156. The company has a market cap of $14.75 billion, a PE ratio of 64.68, a price-to-earnings-growth ratio of 1.71 and a beta of 1.24. The stock's fifty day simple moving average is $107.71 and its 200-day simple moving average is $119.69. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.92 and a quick ratio of 1.83. Entegris, Inc. has a one year low of $94.92 and a one year high of $147.57.
Entegris (NASDAQ:ENTG - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.01). Entegris had a net margin of 7.13% and a return on equity of 12.24%. The company had revenue of $807.70 million for the quarter, compared to analyst estimates of $832.44 million. During the same quarter last year, the business earned $0.68 EPS. The company's revenue for the quarter was down 9.1% on a year-over-year basis. As a group, equities analysts anticipate that Entegris, Inc. will post 3.03 earnings per share for the current fiscal year.
Entegris Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, October 30th will be issued a dividend of $0.10 per share. The ex-dividend date is Wednesday, October 30th. This represents a $0.40 annualized dividend and a yield of 0.41%. Entegris's dividend payout ratio (DPR) is presently 26.49%.
Wall Street Analysts Forecast Growth
Several brokerages have commented on ENTG. BMO Capital Markets decreased their target price on shares of Entegris from $145.00 to $135.00 and set an "outperform" rating for the company in a report on Tuesday, November 5th. Mizuho decreased their target price on shares of Entegris from $143.00 to $125.00 and set an "outperform" rating for the company in a report on Tuesday, November 5th. Needham & Company LLC reiterated a "buy" rating and issued a $150.00 target price on shares of Entegris in a report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft decreased their target price 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, Citigroup reduced their price target on shares of Entegris from $130.00 to $123.00 and set a "buy" rating for the company in a research report on Wednesday, November 6th. One research 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 data from MarketBeat.com, Entegris currently has an average rating of "Moderate Buy" and an average price target of $135.40.
Check Out Our Latest Research Report on Entegris
Entegris Profile
(
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).
See Also
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
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
