Guinness Asset Management LTD Boosts Stake in Entegris, Inc. $ENTG

Guinness Asset Management LTD lifted its position in Entegris, Inc. (NASDAQ:ENTG) by 11.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,206 shares of the semiconductor company’s stock after acquiring an additional 538 shares during the period. Guinness Asset Management LTD’s holdings in Entegris were worth $420,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in ENTG. DAVENPORT & Co LLC raised its holdings in Entegris by 1.3% in the second quarter. DAVENPORT & Co LLC now owns 8,450 shares of the semiconductor company’s stock worth $681,000 after purchasing an additional 110 shares in the last quarter. Alpine Bank Wealth Management boosted its holdings in shares of Entegris by 73.7% during the 2nd quarter. Alpine Bank Wealth Management now owns 311 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 132 shares in the last quarter. Personal CFO Solutions LLC grew its position in shares of Entegris by 6.0% in the 1st quarter. Personal CFO Solutions LLC now owns 2,466 shares of the semiconductor company’s stock worth $216,000 after buying an additional 140 shares during the period. MAI Capital Management increased its stake in shares of Entegris by 19.7% in the 1st quarter. MAI Capital Management now owns 864 shares of the semiconductor company’s stock worth $76,000 after acquiring an additional 142 shares in the last quarter. Finally, First Hawaiian Bank lifted its position in Entegris by 0.9% during the 1st quarter. First Hawaiian Bank now owns 15,786 shares of the semiconductor company’s stock valued at $1,381,000 after acquiring an additional 143 shares during the period.

Entegris Price Performance

Shares of ENTG opened at $91.52 on Monday. Entegris, Inc. has a twelve month low of $60.75 and a twelve month high of $112.36. The company has a market capitalization of $13.87 billion, a P/E ratio of 47.18 and a beta of 1.38. The firm has a 50 day moving average of $88.85 and a 200 day moving average of $82.34. The company has a quick ratio of 1.95, a current ratio of 3.30 and a debt-to-equity ratio of 1.04.

Entegris (NASDAQ:ENTG) last released its quarterly earnings data on Wednesday, July 6th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter. The business had revenue of $512.84 million for the quarter. Entegris had a return on equity of 12.05% and a net margin of 9.17%. As a group, equities research analysts anticipate that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 19th. Investors of record on Wednesday, October 29th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, October 29th. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. Entegris’s dividend payout ratio (DPR) is 20.62%.

Insider Buying and Selling

In other Entegris news, SVP Susan G. Rice sold 8,858 shares of the company’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $79.84, for a total transaction of $707,222.72. Following the transaction, the senior vice president owned 56,912 shares in the company, valued at approximately $4,543,854.08. This represents a 13.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

ENTG has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Entegris from a “sell” rating to a “hold” rating in a report on Friday, October 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Entegris in a research report on Saturday. KeyCorp reaffirmed an “overweight” rating and set a $103.00 price objective (down previously from $112.00) on shares of Entegris in a research report on Thursday, July 31st. Oppenheimer initiated coverage on Entegris in a research note on Thursday, September 4th. They set a “market perform” rating and a $95.00 price objective for the company. Finally, The Goldman Sachs Group started coverage on Entegris in a report on Thursday, July 10th. They issued a “neutral” rating and a $85.00 target price on the stock. Seven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Entegris presently has an average rating of “Moderate Buy” and a consensus target price of $106.30.

Entegris Company Profile

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).