Generate Investment Management Ltd Increases Holdings in Entegris, Inc. $ENTG

Generate Investment Management Ltd increased its position in Entegris, Inc. (NASDAQ:ENTG) by 49.5% during the third quarter, HoldingsChannel.com reports. The fund owned 91,671 shares of the semiconductor company’s stock after acquiring an additional 30,362 shares during the quarter. Generate Investment Management Ltd’s holdings in Entegris were worth $8,476,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Select Equity Group L.P. increased its position in shares of Entegris by 6.9% in the first quarter. Select Equity Group L.P. now owns 4,074,232 shares of the semiconductor company’s stock valued at $356,414,000 after buying an additional 263,168 shares in the last quarter. Primecap Management Co. CA grew its stake in Entegris by 12.0% in the 2nd quarter. Primecap Management Co. CA now owns 3,065,170 shares of the semiconductor company’s stock valued at $247,206,000 after acquiring an additional 329,306 shares during the last quarter. Durable Capital Partners LP grew its stake in Entegris by 4.9% in the 2nd quarter. Durable Capital Partners LP now owns 3,055,914 shares of the semiconductor company’s stock valued at $246,459,000 after acquiring an additional 141,497 shares during the last quarter. Bank of America Corp DE increased its holdings in Entegris by 31.2% during the 2nd quarter. Bank of America Corp DE now owns 3,031,048 shares of the semiconductor company’s stock valued at $244,454,000 after acquiring an additional 720,467 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Entegris by 40.4% during the first quarter. Goldman Sachs Group Inc. now owns 2,759,296 shares of the semiconductor company’s stock worth $241,383,000 after acquiring an additional 794,222 shares during the last quarter.

Entegris Stock Performance

Entegris stock opened at $86.69 on Wednesday. The stock has a fifty day moving average price of $84.75 and a 200 day moving average price of $85.36. Entegris, Inc. has a 52 week low of $60.75 and a 52 week high of $110.46. The firm has a market capitalization of $13.14 billion, a P/E ratio of 45.87 and a beta of 1.32. The company has a current ratio of 3.44, a quick ratio of 2.13 and a debt-to-equity ratio of 0.99.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Wednesday, July 6th. The semiconductor company reported $0.70 EPS for the quarter. The company had revenue of $512.84 million during the quarter. Entegris had a net margin of 8.95% and a return on equity of 11.61%. Equities research analysts anticipate that Entegris, Inc. will post 3.51 earnings per share for the current year.

Entegris Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 19th. Shareholders of record on Wednesday, October 29th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Wednesday, October 29th. Entegris’s dividend payout ratio (DPR) is 21.16%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Zacks Research lowered shares of Entegris from a “hold” rating to a “strong sell” rating in a research report on Monday, November 3rd. Oppenheimer initiated coverage on Entegris in a research note on Thursday, September 4th. They issued a “market perform” rating and a $95.00 target price on the stock. Mizuho dropped their price target on Entegris from $108.00 to $96.00 and set an “outperform” rating for the company in a research report on Thursday, November 20th. Wall Street Zen raised Entegris from a “sell” rating to a “hold” rating in a report on Friday, October 3rd. Finally, The Goldman Sachs Group lowered Entegris from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $88.00 to $75.00 in a research note on Monday, December 15th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $94.43.

Insider Activity at Entegris

In related news, SVP Olivier Blachier sold 488 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $77.43, for a total transaction of $37,785.84. Following the completion of the sale, the senior vice president owned 14,124 shares of the company’s stock, valued at approximately $1,093,621.32. This represents a 3.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James P. Lederer sold 2,008 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $92.84, for a total value of $186,422.72. Following the sale, the director owned 20,434 shares in the company, valued at approximately $1,897,092.56. The trade was a 8.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 63,643 shares of company stock valued at $4,966,433 over the last quarter. 0.61% of the stock is currently owned by corporate insiders.

Entegris Company Profile

Entegris, Inc is a leading provider of advanced materials and process control solutions for the semiconductor and other high-technology industries. The company develops and supplies a broad portfolio of products designed to ensure purity and reliability throughout the manufacturing process, helping customers address critical contamination and yield challenges.

Entegris’s product offerings include high-purity chemicals and specialty materials, liquid and gas filtration and purification systems, and sophisticated wafer and chip handling solutions.