Jennison Associates LLC grew its holdings in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 46.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 439,120 shares of the semiconductor company's stock after acquiring an additional 138,958 shares during the quarter. Jennison Associates LLC owned about 0.29% of Entegris worth $49,414,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the business. Innealta Capital LLC purchased a new position in Entegris in the 2nd quarter worth approximately $26,000. Summit Securities Group LLC purchased a new stake in Entegris in the second quarter worth $27,000. Quarry LP purchased a new stake in Entegris in the second quarter worth $27,000. Capital Performance Advisors LLP purchased a new stake in Entegris in the third quarter worth $29,000. Finally, Opal Wealth Advisors LLC bought a new stake in Entegris in the second quarter worth $31,000.
Entegris Trading Up 0.9 %
Shares of ENTG stock traded up $0.93 on Friday, reaching $106.17. 764,393 shares of the company's stock were exchanged, compared to its average volume of 1,701,745. Entegris, Inc. has a 52 week low of $94.92 and a 52 week high of $147.57. 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 stock has a market capitalization of $16.03 billion, a PE ratio of 69.56, a P/E/G ratio of 1.62 and a beta of 1.24. The company's fifty day simple moving average is $107.16 and its 200 day simple moving average is $118.92.
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 the consensus estimate of $0.78 by ($0.01). The firm had revenue of $807.70 million for the quarter, compared to analysts' expectations of $832.44 million. Entegris had a return on equity of 12.24% and a net margin of 7.13%. The company's revenue for the quarter was down 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.68 earnings per share. As a group, analysts forecast that Entegris, Inc. will post 3.03 EPS for the current year.
Entegris Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.38%. Entegris's dividend payout ratio is presently 26.49%.
Analyst Ratings Changes
A number of research analysts have recently issued reports on ENTG shares. Citigroup lowered their price target on Entegris from $130.00 to $123.00 and set a "buy" rating on the stock in a report on Wednesday, November 6th. BMO Capital Markets reduced their price target on Entegris from $145.00 to $135.00 and set an "outperform" rating for the company in a research report on Tuesday, November 5th. UBS Group reduced their price target on Entegris from $130.00 to $115.00 and set a "neutral" rating for the company in a research report on Tuesday, November 5th. KeyCorp reduced their price target on Entegris from $164.00 to $154.00 and set an "overweight" rating for the company in a research report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Entegris from $145.00 to $115.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $135.40.
View Our Latest Report on ENTG
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).
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