Narwhal Capital Management increased its stake in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 15.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,784 shares of the semiconductor company's stock after acquiring an additional 8,150 shares during the quarter. Narwhal Capital Management's holdings in Entegris were worth $6,953,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD grew its holdings 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 worth $1,838,988,000 after purchasing an additional 916,420 shares in the last quarter. Swedbank AB boosted its stake in Entegris by 249.7% during the third quarter. Swedbank AB now owns 1,050,361 shares of the semiconductor company's stock worth $118,197,000 after buying an additional 750,000 shares in the last quarter. Marshall Wace LLP bought a new stake in Entegris in the 2nd quarter valued at $42,087,000. American Century Companies Inc. raised its stake in shares of Entegris by 20.2% in the 2nd quarter. American Century Companies Inc. now owns 1,523,824 shares of the semiconductor company's stock valued at $206,326,000 after buying an additional 256,186 shares in the last quarter. Finally, Norden Group LLC lifted its holdings in shares of Entegris by 2,200.1% during the 1st quarter. Norden Group LLC now owns 224,260 shares of the semiconductor company's stock worth $31,518,000 after acquiring an additional 214,510 shares during the period.
Entegris Price Performance
Shares of ENTG stock traded up $0.06 during trading hours on Wednesday, hitting $103.24. 1,401,852 shares of the company's stock were exchanged, compared to its average volume of 1,625,453. Entegris, Inc. has a 52 week low of $84.13 and a 52 week high of $147.57. The stock has a market cap of $15.57 billion, a price-to-earnings ratio of 49.61, a price-to-earnings-growth ratio of 1.48 and a beta of 1.24. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.58 and a quick ratio of 2.14. The stock's 50-day moving average is $110.54 and its 200-day moving average is $122.91.
Entegris (NASDAQ:ENTG - Get Free Report) last announced its earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 earnings per share for the quarter, topping analysts' consensus estimates of $0.70 by $0.01. Entegris had a net margin of 5.61% and a return on equity of 12.03%. The company had revenue of $812.60 million during the quarter, compared to the consensus estimate of $802.43 million. During the same period in the previous year, the firm posted $0.66 earnings per share. The company's revenue was down 9.8% on a year-over-year basis. As a group, research analysts forecast that Entegris, Inc. will post 3.13 EPS for the current year.
Entegris Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.39%. Entegris's dividend payout ratio (DPR) is currently 19.23%.
Analyst Ratings Changes
A number of research firms recently weighed in on ENTG. BMO Capital Markets lowered their target price on shares of Entegris from $160.00 to $145.00 and set an "outperform" rating on the stock in a research note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft dropped their target price on Entegris from $160.00 to $145.00 and set a "buy" rating for the company in a report on Thursday, August 1st. Citigroup raised Entegris from a "neutral" rating to a "buy" rating and boosted their price target for the company from $119.00 to $130.00 in a research note on Monday, September 16th. Mizuho upgraded Entegris from a "neutral" rating to an "outperform" rating and set a $143.00 price objective for the company in a research note on Thursday, August 1st. Finally, Needham & Company LLC reissued a "buy" rating and set a $150.00 price objective on shares of Entegris in a report on Thursday, August 1st. One investment 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 MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $146.40.
Read Our Latest Analysis on ENTG
Entegris Company 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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