Entegris, Inc. (NASDAQ:ENTG) Shares Purchased by Generate Investment Management Ltd

Generate Investment Management Ltd increased its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 164.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 56,329 shares of the semiconductor company’s stock after purchasing an additional 35,044 shares during the period. Generate Investment Management Ltd’s holdings in Entegris were worth $6,339,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Innealta Capital LLC purchased a new position in shares of Entegris during the 2nd quarter worth $26,000. Quarry LP acquired a new position in Entegris in the second quarter valued at about $27,000. Summit Securities Group LLC purchased a new position in Entegris during the second quarter worth about $27,000. Opal Wealth Advisors LLC acquired a new stake in shares of Entegris during the second quarter valued at about $31,000. Finally, ORG Partners LLC purchased a new stake in shares of Entegris in the 1st quarter valued at approximately $33,000.

Entegris Stock Down 0.9 %

Shares of Entegris stock opened at $103.23 on Friday. The company has a quick ratio of 2.14, a current ratio of 3.58 and a debt-to-equity ratio of 1.18. Entegris, Inc. has a 52-week low of $84.13 and a 52-week high of $147.57. The company has a market capitalization of $15.57 billion, a P/E ratio of 49.63, a P/E/G ratio of 1.48 and a beta of 1.24. The company has a 50 day moving average of $110.65 and a 200 day moving average of $123.60.

Entegris (NASDAQ:ENTG) last released its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.01. The business had revenue of $812.60 million during the quarter, compared to analysts’ expectations of $802.43 million. Entegris had a net margin of 5.61% and a return on equity of 12.03%. The company’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.66 EPS. As a group, research analysts forecast that Entegris, Inc. will post 3.13 EPS for the current fiscal year.

Entegris Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.39%. The ex-dividend date is Wednesday, October 30th. Entegris’s dividend payout ratio (DPR) is presently 19.23%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ENTG. BMO Capital Markets dropped their target price on shares of Entegris from $160.00 to $145.00 and set an “outperform” rating for the company in a report on Thursday, August 1st. Needham & Company LLC reiterated a “buy” rating and issued a $150.00 price objective on shares of Entegris in a report on Thursday, August 1st. Mizuho upgraded Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 target price for the company in a report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft cut their price target on shares of Entegris from $160.00 to $145.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Finally, Citigroup raised shares of Entegris from a “neutral” rating to a “buy” rating and raised their price objective for the company from $119.00 to $130.00 in a research note on Monday, September 16th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $146.40.

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).