Allspring Global Investments Holdings LLC Raises Holdings in Entegris, Inc. (NASDAQ:ENTG)

Allspring Global Investments Holdings LLC raised its position in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 42.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 719,028 shares of the semiconductor company's stock after buying an additional 213,613 shares during the period. Allspring Global Investments Holdings LLC owned about 0.48% of Entegris worth $80,912,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ENTG. CANADA LIFE ASSURANCE Co increased its position in shares of Entegris by 161.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 107,677 shares of the semiconductor company's stock worth $15,135,000 after purchasing an additional 66,437 shares in the last quarter. BNP Paribas acquired a new stake in shares of Entegris in the first quarter valued at about $1,647,000. Diversified Trust Co purchased a new position in shares of Entegris in the second quarter worth about $851,000. Cetera Investment Advisers boosted its position in Entegris by 128.0% during the first quarter. Cetera Investment Advisers now owns 20,387 shares of the semiconductor company's stock worth $2,865,000 after acquiring an additional 11,444 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in Entegris by 272.2% during the 1st quarter. SG Americas Securities LLC now owns 6,484 shares of the semiconductor company's stock valued at $911,000 after acquiring an additional 4,742 shares in the last quarter.

Analyst Ratings Changes

A number of research firms have weighed in on ENTG. Needham & Company LLC reissued a "buy" rating and issued a $150.00 target price on shares of Entegris in a research note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft lowered their price objective on Entegris from $160.00 to $145.00 and set a "buy" rating on the stock in a research note on Thursday, August 1st. Mizuho raised Entegris from a "neutral" rating to an "outperform" rating and set a $143.00 target price for the company in a research note on Thursday, August 1st. BMO Capital Markets lowered their price target on shares of Entegris from $160.00 to $145.00 and set an "outperform" rating on the stock in a research report on Thursday, August 1st. Finally, Citigroup raised shares of Entegris from a "neutral" rating to a "buy" rating and upped their price objective for the company from $119.00 to $130.00 in a report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $146.40.

Entegris Trading Up 1.1 %

NASDAQ ENTG traded up $1.13 during trading hours on Monday, reaching $104.36. The company had a trading volume of 1,686,278 shares, compared to its average volume of 1,626,937. The company has a current ratio of 3.58, a quick ratio of 2.14 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $15.74 billion, a P/E ratio of 50.17, a price-to-earnings-growth ratio of 1.48 and a beta of 1.24. The stock has a 50-day moving average of $110.65 and a 200 day moving average of $123.38. Entegris, Inc. has a 1-year low of $84.13 and a 1-year high of $147.57.

Entegris (NASDAQ:ENTG - Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.70 by $0.01. The business had revenue of $812.60 million for the quarter, compared to the consensus estimate of $802.43 million. Entegris had a net margin of 5.61% and a return on equity of 12.03%. The business's revenue was down 9.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.66 EPS. As a group, research analysts anticipate that Entegris, Inc. will post 3.13 earnings per share for the current fiscal year.

Entegris Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.38%. Entegris's dividend payout ratio is currently 19.23%.

Entegris Company 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).