International Assets Investment Management LLC acquired a new position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 17,442 shares of the semiconductor company's stock, valued at approximately $1,963,000.
A number of other institutional investors also recently modified their holdings of ENTG. Vanguard Group Inc. boosted its stake in Entegris by 0.8% in the first quarter. Vanguard Group Inc. now owns 14,666,653 shares of the semiconductor company's stock worth $2,061,251,000 after purchasing an additional 112,638 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Entegris by 7.5% in the first 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 acquiring an additional 916,420 shares during the last quarter. Earnest Partners LLC lifted its position in shares of Entegris by 0.6% during the second quarter. Earnest Partners LLC now owns 1,858,757 shares of the semiconductor company's stock worth $251,676,000 after purchasing an additional 11,692 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Entegris by 20.2% during the second quarter. American Century Companies Inc. now owns 1,523,824 shares of the semiconductor company's stock worth $206,326,000 after purchasing an additional 256,186 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of Entegris by 7.7% during the second quarter. Envestnet Asset Management Inc. now owns 1,083,217 shares of the semiconductor company's stock valued at $146,668,000 after purchasing an additional 77,083 shares during the last quarter.
Entegris Price Performance
Entegris stock traded down $6.07 during trading hours on Monday, reaching $100.98. 3,277,611 shares of the stock were exchanged, compared to its average volume of 1,642,110. The stock has a 50 day moving average of $109.36 and a two-hundred day moving average of $121.28. The company has a market cap of $15.25 billion, a P/E ratio of 82.77, a price-to-earnings-growth ratio of 1.41 and a beta of 1.25. 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 twelve month low of $89.09 and a twelve month high of $147.57.
Entegris Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, October 30th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.40%. The ex-dividend date is Wednesday, October 30th. Entegris's payout ratio is 32.79%.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on the company. Citigroup raised Entegris from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $119.00 to $130.00 in a report on Monday, September 16th. Deutsche Bank Aktiengesellschaft lowered their price objective on Entegris from $160.00 to $145.00 and set a "buy" rating for the company in a research report on Thursday, August 1st. BMO Capital Markets cut their target price 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. Mizuho upgraded shares of Entegris from a "neutral" rating to an "outperform" rating and set a $143.00 price target for the company in a research report on Thursday, August 1st. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $150.00 target price on shares of Entegris in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $146.40.
View Our Latest Analysis on Entegris
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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