Cwm LLC Buys 452 Shares of Entegris, Inc. (NASDAQ:ENTG)

Cwm LLC boosted its stake in Entegris, Inc. (NASDAQ:ENTG) by 18.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,960 shares of the semiconductor company’s stock after purchasing an additional 452 shares during the quarter. Cwm LLC’s holdings in Entegris were worth $333,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

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

Entegris Stock Performance

NASDAQ ENTG opened at $104.36 on Tuesday. The company has a market capitalization of $15.74 billion, a PE ratio of 50.17, a price-to-earnings-growth ratio of 1.48 and a beta of 1.24. The company has a 50-day simple moving average of $110.65 and a 200 day simple moving average of $123.38. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.14 and a current ratio of 3.58. Entegris, Inc. has a 52-week low of $84.13 and a 52-week high of $147.57.

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

Entegris Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th will be issued a $0.10 dividend. The ex-dividend date is Wednesday, October 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.38%. Entegris’s payout ratio 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).