Swedbank AB boosted its position in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 47.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,550,942 shares of the semiconductor company's stock after acquiring an additional 500,581 shares during the period. Swedbank AB owned about 1.03% of Entegris worth $153,636,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its stake in Entegris by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,065,812 shares of the semiconductor company's stock worth $119,936,000 after purchasing an additional 14,650 shares during the period. Synovus Financial Corp increased its holdings in shares of Entegris by 102.3% during the 3rd quarter. Synovus Financial Corp now owns 38,253 shares of the semiconductor company's stock worth $4,305,000 after buying an additional 19,340 shares during the last quarter. Argent Capital Management LLC raised its position in shares of Entegris by 9.9% in the 4th quarter. Argent Capital Management LLC now owns 31,066 shares of the semiconductor company's stock worth $3,077,000 after buying an additional 2,793 shares during the period. Janney Montgomery Scott LLC acquired a new position in Entegris in the third quarter valued at $1,158,000. Finally, International Assets Investment Management LLC purchased a new stake in Entegris during the third quarter valued at about $1,963,000.
Analyst Upgrades and Downgrades
ENTG has been the subject of a number of research analyst reports. Craig Hallum dropped their target price on shares of Entegris from $150.00 to $130.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft dropped their target price on Entegris from $145.00 to $115.00 and set a "buy" rating on the stock in a report on Tuesday, November 5th. KeyCorp lowered their price objective on shares of Entegris from $154.00 to $150.00 and set an "overweight" rating for the company in a research report on Friday, January 10th. BMO Capital Markets reduced their target price on shares of Entegris from $145.00 to $135.00 and set an "outperform" rating on the stock in a research report on Tuesday, November 5th. Finally, UBS Group cut their price objective on shares of Entegris from $130.00 to $115.00 and set a "neutral" rating on the stock in a report on Tuesday, November 5th. 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 $134.50.
View Our Latest Stock Report on ENTG
Entegris Stock Up 3.8 %
Shares of Entegris stock traded up $3.73 during trading on Thursday, reaching $101.73. The company had a trading volume of 2,471,140 shares, compared to its average volume of 2,416,917. The company has a market cap of $15.36 billion, a price-to-earnings ratio of 67.37, a price-to-earnings-growth ratio of 1.46 and a beta of 1.24. Entegris, Inc. has a fifty-two week low of $94.92 and a fifty-two week high of $147.57. The firm's fifty day moving average is $103.70 and its 200-day moving average is $108.55. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.83 and a current ratio of 2.92.
Entegris (NASDAQ:ENTG - Get Free Report) last released its earnings results on Monday, November 4th. The semiconductor company reported $0.77 EPS for the quarter, missing analysts' consensus estimates of $0.78 by ($0.01). Entegris had a return on equity of 12.24% and a net margin of 7.13%. The firm had revenue of $807.70 million for the quarter, compared to the consensus estimate of $832.44 million. During the same period in the prior year, the business earned $0.68 EPS. The company's quarterly revenue was down 9.1% on a year-over-year basis. On average, analysts anticipate that Entegris, Inc. will post 2.94 EPS for the current year.
Entegris Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.39%. Entegris's dividend payout ratio (DPR) is 26.49%.
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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