Covestor Ltd Increases Position in Entegris, Inc. (NASDAQ:ENTG)

Covestor Ltd boosted its position in Entegris, Inc. (NASDAQ:ENTG) by 241.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 417 shares of the semiconductor company’s stock after buying an additional 295 shares during the period. Covestor Ltd’s holdings in Entegris were worth $47,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its position in shares of Entegris by 7.5% during 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 buying an additional 916,420 shares during the period. Assenagon Asset Management S.A. lifted its position in Entegris by 1,076.3% in the third quarter. Assenagon Asset Management S.A. now owns 923,332 shares of the semiconductor company’s stock worth $103,903,000 after purchasing an additional 844,837 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Entegris by 130.8% in the third quarter. Principal Financial Group Inc. now owns 1,379,963 shares of the semiconductor company’s stock valued at $155,287,000 after buying an additional 781,955 shares in the last quarter. Swedbank AB increased its holdings in shares of Entegris by 249.7% in the third quarter. Swedbank AB now owns 1,050,361 shares of the semiconductor company’s stock valued at $118,197,000 after buying an additional 750,000 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Entegris in the second quarter valued at $42,087,000.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Needham & Company LLC reissued a “buy” rating and set a $150.00 target price on shares of Entegris in a research note on Thursday, August 1st. UBS Group decreased their price objective on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. KeyCorp decreased their price objective on shares of Entegris from $164.00 to $154.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Mizuho decreased their price target on shares of Entegris from $143.00 to $125.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. Finally, Citigroup decreased their price target on shares of Entegris from $130.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $135.40.

Entegris Stock Performance

NASDAQ:ENTG opened at $97.67 on Friday. The firm has a market capitalization of $14.75 billion, a PE ratio of 64.68, a price-to-earnings-growth ratio of 1.71 and a beta of 1.24. The firm has a 50-day moving average price of $107.71 and a 200 day moving average price of $119.69. The company has a quick ratio of 1.83, a current ratio of 2.92 and a debt-to-equity ratio of 1.14. Entegris, Inc. has a 12-month low of $94.92 and a 12-month high of $147.57.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.77 earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $832.44 million. During the same period in the previous year, the business posted $0.68 EPS. The business’s quarterly revenue was down 9.1% on a year-over-year basis. Research analysts anticipate that Entegris, Inc. will post 3.03 earnings per share for the current fiscal year.

Entegris Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.41%. Entegris’s dividend payout ratio (DPR) is currently 26.49%.

About Entegris

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).