Creative Planning Raises Stake in Entegris, Inc. (NASDAQ:ENTG)

Creative Planning lifted its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 17.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 14,212 shares of the semiconductor company’s stock after buying an additional 2,153 shares during the period. Creative Planning’s holdings in Entegris were worth $1,599,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of ENTG. Allspring Global Investments Holdings LLC lifted its stake in shares of Entegris by 51.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 509,009 shares of the semiconductor company’s stock worth $71,536,000 after purchasing an additional 173,634 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Entegris by 0.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 309,330 shares of the semiconductor company’s stock valued at $43,473,000 after purchasing an additional 1,209 shares during the last quarter. First Trust Direct Indexing L.P. lifted its position in Entegris by 5.3% during the first quarter. First Trust Direct Indexing L.P. now owns 3,851 shares of the semiconductor company’s stock worth $541,000 after buying an additional 193 shares during the period. HB Wealth Management LLC acquired a new stake in Entegris in the 1st quarter worth about $212,000. Finally, Van ECK Associates Corp boosted its stake in Entegris by 29.4% in the 1st quarter. Van ECK Associates Corp now owns 70,431 shares of the semiconductor company’s stock worth $9,898,000 after buying an additional 16,020 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ENTG shares. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Entegris from $160.00 to $145.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Needham & Company LLC restated a “buy” rating and set a $150.00 price objective on shares of Entegris in a report on Thursday, August 1st. BMO Capital Markets reduced 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. Citigroup upgraded Entegris from a “neutral” rating to a “buy” rating and upped their price target for the stock from $119.00 to $130.00 in a research note on Monday, September 16th. Finally, 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. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $146.40.

Entegris Price Performance

ENTG stock opened at $108.71 on Wednesday. The stock has a 50-day simple moving average of $109.86 and a 200-day simple moving average of $121.80. The firm has a market cap of $16.39 billion, a P/E ratio of 52.26, a price-to-earnings-growth ratio of 1.39 and a beta of 1.24. 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 1 year low of $84.13 and a 1 year high of $147.57.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 5.61% and a return on equity of 12.03%. The business’s quarterly revenue was down 9.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.66 earnings per share. On average, equities analysts predict that Entegris, Inc. will post 3.13 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, October 30th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.37%. The ex-dividend date is Wednesday, October 30th. Entegris’s dividend payout ratio (DPR) is 19.23%.

Entegris Company 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).