Cannon Global Investment Management LLC bought a new position in Entegris, Inc. (NASDAQ:ENTG - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 9,200 shares of the semiconductor company's stock, valued at approximately $1,035,000. Entegris comprises approximately 1.7% of Cannon Global Investment Management LLC's portfolio, making the stock its 12th biggest holding.
A number of other institutional investors have also added to or reduced their stakes in ENTG. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Entegris by 0.4% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 309,330 shares of the semiconductor company's stock valued at $43,473,000 after purchasing an additional 1,209 shares during the last quarter. First Trust Direct Indexing L.P. increased its position in shares of Entegris by 5.3% during the 1st quarter. First Trust Direct Indexing L.P. now owns 3,851 shares of the semiconductor company's stock valued at $541,000 after purchasing an additional 193 shares during the last quarter. Private Advisor Group LLC increased its position in shares of Entegris by 3.0% during the 1st quarter. Private Advisor Group LLC now owns 10,221 shares of the semiconductor company's stock valued at $1,437,000 after purchasing an additional 299 shares during the last quarter. Diversify Advisory Services LLC bought a new position in shares of Entegris during the 1st quarter valued at about $642,000. Finally, Sequoia Financial Advisors LLC bought a new position in shares of Entegris during the 1st quarter valued at about $203,000.
Entegris Trading Up 2.2 %
NASDAQ ENTG traded up $2.34 during trading on Friday, hitting $107.05. The company had a trading volume of 2,099,671 shares, compared to its average volume of 1,846,214. The company has a current ratio of 3.58, a quick ratio of 2.14 and a debt-to-equity ratio of 1.18. Entegris, Inc. has a one year low of $84.13 and a one year high of $147.57. The company has a market cap of $16.16 billion, a price-to-earnings ratio of 87.75, a price-to-earnings-growth ratio of 1.41 and a beta of 1.25. The company's fifty day moving average is $109.36 and its 200-day moving average is $121.34.
Entegris (NASDAQ:ENTG - Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.70 by $0.01. Entegris had a net margin of 5.61% and a return on equity of 12.03%. The business had revenue of $812.60 million during the quarter, compared to analyst estimates of $802.43 million. During the same period in the prior year, the business earned $0.66 EPS. The company's revenue for the quarter was down 9.8% on a year-over-year basis. On average, sell-side analysts predict that Entegris, Inc. will post 3.13 earnings per share for the current year.
Entegris Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, October 30th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $0.40 annualized dividend and a yield of 0.37%. Entegris's dividend payout ratio (DPR) is presently 32.79%.
Wall Street Analyst Weigh In
ENTG has been the topic of several recent research reports. Needham & Company LLC reiterated a "buy" rating and set a $150.00 price objective on shares of Entegris in a research report on Thursday, August 1st. Mizuho upgraded Entegris from a "neutral" rating to an "outperform" rating and set a $143.00 target price for the company in a report on Thursday, August 1st. Citigroup upgraded Entegris from a "neutral" rating to a "buy" rating and increased their target price for the company from $119.00 to $130.00 in a report on Monday, September 16th. 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. Finally, BMO Capital Markets dropped their target price on Entegris from $160.00 to $145.00 and set an "outperform" rating for the company in a report on Thursday, August 1st. 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 MarketBeat, Entegris currently has an average rating of "Moderate Buy" and a consensus price target of $146.40.
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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).
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