Three Peaks Capital Management LLC Acquires 1,920 Shares of Entegris Inc (NASDAQ:ENTG)

Three Peaks Capital Management LLC boosted its holdings in Entegris Inc (NASDAQ:ENTG) by 2.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 69,087 shares of the semiconductor company’s stock after acquiring an additional 1,920 shares during the period. Three Peaks Capital Management LLC’s holdings in Entegris were worth $3,461,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Price T Rowe Associates Inc. MD raised its stake in Entegris by 17.1% in 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. Schroder Investment Management Group raised its stake in Entegris by 51.0% in 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. Cantillon Capital Management LLC bought a new stake in Entegris in the 3rd quarter valued at $100,740,000. Vaughan Nelson Investment Management L.P. raised its stake in Entegris by 98.4% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,967,195 shares of the semiconductor company’s stock valued at $92,576,000 after acquiring an additional 975,695 shares during the period. Finally, Voya Investment Management LLC raised its stake in Entegris by 93.9% in the 3rd quarter. Voya Investment Management LLC now owns 1,643,000 shares of the semiconductor company’s stock valued at $77,320,000 after acquiring an additional 795,790 shares during the period. Institutional investors and hedge funds own 99.07% of the company’s stock.

In other news, SVP Clinton M. Haris sold 14,480 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $48.27, for a total transaction of $698,949.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is owned by company insiders.

A number of equities research analysts recently weighed in on the company. Deutsche Bank cut Entegris from a “buy” rating to a “hold” rating in a research note on Sunday, October 6th. They noted that the move was a valuation call. Craig Hallum upped their price objective on Entegris from $48.00 to $56.00 and gave the company a “buy” rating in a report on Friday, October 25th. Loop Capital upped their price objective on Entegris to $51.00 and gave the company a “market perform” rating in a report on Friday, October 4th. They noted that the move was a valuation call. Zacks Investment Research lowered Entegris from a “buy” rating to a “hold” rating in a report on Monday, December 30th. Finally, ValuEngine lowered Entegris from a “hold” rating to a “sell” rating in a report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $48.75.

Shares of ENTG traded up $0.40 during mid-day trading on Friday, reaching $55.43. 19,145 shares of the company were exchanged, compared to its average volume of 887,291. Entegris Inc has a 52 week low of $28.50 and a 52 week high of $55.05. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.79 and a current ratio of 4.15. The stock has a market capitalization of $7.24 billion, a PE ratio of 29.31 and a beta of 1.31. The business has a 50 day simple moving average of $50.06 and a two-hundred day simple moving average of $45.66.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings data on Thursday, October 24th. The semiconductor company reported $0.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.05. Entegris had a return on equity of 24.16% and a net margin of 17.77%. The company had revenue of $394.10 million during the quarter, compared to the consensus estimate of $392.09 million. During the same period last year, the company earned $0.46 earnings per share. The firm’s revenue was down 1.1% compared to the same quarter last year. On average, analysts predict that Entegris Inc will post 1.93 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th will be given a dividend of $0.08 per share. The ex-dividend date is Tuesday, January 28th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.58%. Entegris’s dividend payout ratio (DPR) is 16.93%.

About Entegris

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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Institutional Ownership by Quarter for Entegris (NASDAQ:ENTG)

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