Azzad Asset Management Inc. ADV Makes New $232,000 Investment in Entegris, Inc. (NASDAQ:ENTG)

Azzad Asset Management Inc. ADV purchased a new stake in shares of Entegris, Inc. (NASDAQ:ENTG) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,058 shares of the semiconductor company’s stock, valued at approximately $232,000.

A number of other hedge funds have also modified their holdings of ENTG. Price T Rowe Associates Inc. MD grew its stake in Entegris by 7.5% in the first 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 purchasing an additional 916,420 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Entegris in the 2nd quarter valued at approximately $42,087,000. 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 valued at $206,326,000 after buying an additional 256,186 shares in the last quarter. Swedbank AB increased its holdings in Entegris by 520.3% in the second quarter. Swedbank AB now owns 300,361 shares of the semiconductor company’s stock worth $40,669,000 after buying an additional 251,938 shares during the last quarter. Finally, Norden Group LLC raised its position in Entegris by 2,200.1% during the first quarter. Norden Group LLC now owns 224,260 shares of the semiconductor company’s stock valued at $31,518,000 after acquiring an additional 214,510 shares in the last quarter.

Analyst Ratings Changes

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

Insider Activity at Entegris

In other Entegris news, insider Daniel D. Woodland sold 15,000 shares of Entegris stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $145.00, for a total transaction of $2,175,000.00. Following the completion of the sale, the insider now owns 37,457 shares of the company’s stock, valued at approximately $5,431,265. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.67% of the stock is currently owned by company insiders.

Entegris Stock Down 0.1 %

Shares of ENTG stock opened at $110.06 on Wednesday. Entegris, Inc. has a 12 month low of $84.13 and a 12 month high of $147.57. The company has a quick ratio of 2.14, a current ratio of 3.58 and a debt-to-equity ratio of 1.18. The firm has a market cap of $16.60 billion, a PE ratio of 52.91, a price-to-earnings-growth ratio of 1.50 and a beta of 1.24. The stock has a 50 day moving average of $110.50 and a 200-day moving average of $125.30.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.01. The company had revenue of $812.60 million for the quarter, compared to analyst estimates of $802.43 million. Entegris had a return on equity of 12.03% and a net margin of 5.61%. Entegris’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.66 EPS. On average, equities analysts predict that Entegris, Inc. will post 3.14 EPS for the current year.

Entegris Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Wednesday, July 31st were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date was Wednesday, July 31st. Entegris’s dividend payout ratio (DPR) is 19.23%.

Entegris 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).