Signition LP acquired a new stake in shares of Entegris Inc (NASDAQ:ENTG) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 4,917 shares of the semiconductor company’s stock, valued at approximately $231,000.
Several other hedge funds have also modified their holdings of ENTG. Iridian Asset Management LLC CT bought a new stake in shares of Entegris during the 2nd quarter valued at $116,933,000. Price T Rowe Associates Inc. MD grew its position in shares of Entegris by 17.1% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 16,388,545 shares of the semiconductor company’s stock valued at $611,620,000 after acquiring an additional 2,391,166 shares during the period. Cantillon Capital Management LLC bought a new stake in shares of Entegris during the 3rd quarter valued at $100,740,000. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Entegris during the 2nd quarter valued at $37,003,000. Finally, Schroder Investment Management Group grew its position in shares of Entegris by 51.0% during the 2nd quarter. Schroder Investment Management Group now owns 2,467,783 shares of the semiconductor company’s stock valued at $92,098,000 after acquiring an additional 833,811 shares during the period.
A number of equities research analysts have recently issued reports on ENTG shares. Loop Capital boosted their price objective on shares of Entegris to $51.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. They noted that the move was a valuation call. Deutsche Bank downgraded shares of Entegris from a “buy” rating to a “hold” rating in a report on Sunday, October 6th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Entegris from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a report on Tuesday, October 8th. ValuEngine downgraded shares of Entegris from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Craig Hallum upped their target price on shares of Entegris from $48.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $48.13.
Entegris stock traded up $0.14 during mid-day trading on Monday, hitting $47.89. The stock had a trading volume of 45,703 shares, compared to its average volume of 1,471,998. The firm has a market capitalization of $6.54 billion, a P/E ratio of 25.34 and a beta of 1.33. The company has a current ratio of 4.15, a quick ratio of 2.79 and a debt-to-equity ratio of 0.83. The firm’s 50 day moving average is $47.64 and its 200 day moving average is $41.61. Entegris Inc has a one year low of $24.43 and a one year high of $50.15.
Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Thursday, October 24th. The semiconductor company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.45 by $0.05. The business had revenue of $394.10 million for the quarter, compared to analysts’ expectations of $392.09 million. Entegris had a net margin of 17.77% and a return on equity of 24.16%. The business’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.46 EPS. As a group, equities research analysts forecast that Entegris Inc will post 1.93 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, October 30th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend is Tuesday, October 29th. Entegris’s payout ratio is currently 16.93%.
Entegris, Inc develops, manufactures, and supplies micro contamination control products, specialty chemicals, and advanced materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries worldwide. It operates through three segments: Specialty Chemicals and Engineered Materials (SCEM); Microcontamination Control (MC); and Advanced Materials Handling (AMH).
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