Handelsbanken Fonder AB Purchases 7,400 Shares of Entegris, Inc. (NASDAQ:ENTG)

Handelsbanken Fonder AB grew its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 21.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,226 shares of the semiconductor company’s stock after buying an additional 7,400 shares during the quarter. Handelsbanken Fonder AB’s holdings in Entegris were worth $4,639,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ENTG. Vanguard Group Inc. lifted its holdings in Entegris by 0.8% during the first quarter. Vanguard Group Inc. now owns 14,666,653 shares of the semiconductor company’s stock worth $2,061,251,000 after acquiring an additional 112,638 shares during the period. Price T Rowe Associates Inc. MD raised its stake 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 worth $1,838,988,000 after purchasing an additional 916,420 shares during the period. Earnest Partners LLC boosted its holdings 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 buying an additional 11,692 shares during the last quarter. American Century Companies Inc. grew its position in Entegris by 20.2% during the second 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 during the period. Finally, Congress Asset Management Co. MA increased its holdings in Entegris by 1.1% during the first quarter. Congress Asset Management Co. MA now owns 1,177,732 shares of the semiconductor company’s stock worth $165,518,000 after buying an additional 12,386 shares during the last quarter.

Insider Transactions at Entegris

In related news, insider Daniel D. Woodland sold 15,000 shares of Entegris stock in a transaction on Thursday, July 11th. The stock was 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. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

ENTG has been the topic of a number of research analyst reports. BMO Capital Markets dropped their target price on shares of Entegris from $160.00 to $145.00 and set an “outperform” rating on the stock 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 for the company in a report on Thursday, August 1st. Citigroup raised Entegris from a “neutral” rating to a “buy” rating and raised their target price for the stock from $119.00 to $130.00 in a research report on Monday, September 16th. Deutsche Bank Aktiengesellschaft dropped their price target on Entegris from $160.00 to $145.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Finally, Needham & Company LLC reissued a “buy” rating and issued a $150.00 price objective on shares of Entegris in a report on Thursday, August 1st. One 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’s stock. Based on data from MarketBeat.com, Entegris has an average rating of “Moderate Buy” and a consensus price target of $146.40.

Entegris Stock Performance

NASDAQ:ENTG opened at $110.06 on Wednesday. Entegris, Inc. has a 52-week low of $84.13 and a 52-week high of $147.57. The business’s fifty day moving average is $110.50 and its 200 day moving average is $125.30. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.14 and a current ratio of 3.58. The firm has a market cap of $16.60 billion, a price-to-earnings ratio of 52.91, a PEG ratio of 1.50 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.01. The firm had revenue of $812.60 million for the quarter, compared to the consensus estimate 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 prior year, the firm posted $0.66 earnings per share. Research analysts predict that Entegris, Inc. will post 3.14 EPS for the current year.

Entegris Announces Dividend

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

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).