BNP PARIBAS ASSET MANAGEMENT Holding S.A. Increases Stake in Entegris, Inc. (NASDAQ:ENTG)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 0.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,503,656 shares of the semiconductor company’s stock after acquiring an additional 12,913 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Entegris were worth $169,206,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its holdings in shares of Entegris by 7.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,085,147 shares of the semiconductor company’s stock valued at $1,838,988,000 after buying an additional 916,420 shares in the last quarter. Earnest Partners LLC boosted its position in shares of Entegris by 0.6% in the 2nd quarter. Earnest Partners LLC now owns 1,858,757 shares of the semiconductor company’s stock worth $251,676,000 after purchasing an additional 11,692 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Entegris by 20.2% in the 2nd quarter. American Century Companies Inc. now owns 1,523,824 shares of the semiconductor company’s stock worth $206,326,000 after buying an additional 256,186 shares during the last quarter. Principal Financial Group Inc. increased its position in Entegris by 130.8% during the 3rd 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. Finally, Envestnet Asset Management Inc. raised its stake in Entegris by 7.7% during the second quarter. Envestnet Asset Management Inc. now owns 1,083,217 shares of the semiconductor company’s stock valued at $146,668,000 after buying an additional 77,083 shares during the last quarter.

Analyst Ratings Changes

Several analysts recently commented on the stock. BMO Capital Markets cut their price objective on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. UBS Group reduced their price objective on Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Citigroup lowered their price objective on shares of Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft cut their price target on Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Finally, Craig Hallum dropped their price target on shares of Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Entegris presently has a consensus rating of “Moderate Buy” and an average target price of $135.40.

Entegris Stock Up 0.5 %

Shares of ENTG stock opened at $99.96 on Thursday. The stock has a market cap of $15.09 billion, a P/E ratio of 66.20, a PEG ratio of 1.62 and a beta of 1.24. The company’s fifty day simple moving average is $107.23 and its two-hundred day simple moving average is $119.02. 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 52 week low of $94.92 and a 52 week high of $147.57.

Entegris (NASDAQ:ENTG) last posted its earnings results on Monday, November 4th. The semiconductor company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). The firm had revenue of $807.70 million during the quarter, compared to analysts’ expectations of $832.44 million. Entegris had a return on equity of 12.24% and a net margin of 7.13%. Entegris’s quarterly revenue was down 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.68 earnings per share. Analysts predict that Entegris, Inc. will post 3.03 EPS for the current fiscal year.

Entegris Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, October 30th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.40%. The ex-dividend date of this dividend was Wednesday, October 30th. Entegris’s dividend payout ratio is presently 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).