Entegris, Inc. (NASDAQ:ENTG) Shares Bought by KBC Group NV

KBC Group NV raised its holdings in Entegris, Inc. (NASDAQ:ENTG) by 5.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,271 shares of the semiconductor company’s stock after acquiring an additional 1,267 shares during the quarter. KBC Group NV’s holdings in Entegris were worth $2,843,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ENTG. Vanguard Group Inc. increased its position in shares of Entegris by 0.8% in the first quarter. Vanguard Group Inc. now owns 14,666,653 shares of the semiconductor company’s stock valued at $2,061,251,000 after buying an additional 112,638 shares in the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of Entegris by 16.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 8,668 shares of the semiconductor company’s stock valued at $1,218,000 after buying an additional 1,199 shares in the last quarter. UniSuper Management Pty Ltd increased its position in shares of Entegris by 90.9% in the first quarter. UniSuper Management Pty Ltd now owns 2,100 shares of the semiconductor company’s stock valued at $295,000 after buying an additional 1,000 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its position in shares of Entegris by 161.1% in the first quarter. CANADA LIFE ASSURANCE Co now owns 107,677 shares of the semiconductor company’s stock valued at $15,135,000 after buying an additional 66,437 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its position in shares of Entegris by 21.4% in the first quarter. Advisors Asset Management Inc. now owns 838 shares of the semiconductor company’s stock valued at $118,000 after buying an additional 148 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Craig Hallum dropped their price target on Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Needham & Company LLC reiterated a “buy” rating and set a $150.00 price objective on shares of Entegris in a research report on Thursday, August 1st. Mizuho dropped their price objective on Entegris from $143.00 to $125.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. BMO Capital Markets dropped their price objective on Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. Finally, UBS Group dropped their price objective on Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. One research 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’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $135.40.

Entegris Stock Up 1.9 %

ENTG opened at $99.55 on Tuesday. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.92 and a quick ratio of 1.83. The stock has a market capitalization of $15.03 billion, a price-to-earnings ratio of 65.93, a price-to-earnings-growth ratio of 1.59 and a beta of 1.24. The business has a 50-day moving average of $107.60 and a two-hundred day moving average of $119.38. Entegris, Inc. has a 12 month low of $94.92 and a 12 month high of $147.57.

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

Entegris Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.40%. The ex-dividend date is Wednesday, October 30th. Entegris’s dividend payout ratio is currently 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).