Fmr LLC Acquires 154,658 Shares of Entegris, Inc. (NASDAQ:ENTG)

Fmr LLC lifted its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 130.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 272,833 shares of the semiconductor company’s stock after acquiring an additional 154,658 shares during the quarter. Fmr LLC owned approximately 0.18% of Entegris worth $30,702,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Earnest Partners LLC lifted its position in Entegris by 0.6% during the second quarter. Earnest Partners LLC now owns 1,858,757 shares of the semiconductor company’s stock valued at $251,676,000 after purchasing an additional 11,692 shares during the last quarter. American Century Companies Inc. lifted its position in Entegris by 20.2% in the 2nd quarter. American Century Companies Inc. now owns 1,523,824 shares of the semiconductor company’s stock worth $206,326,000 after buying an additional 256,186 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Entegris by 0.9% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,503,656 shares of the semiconductor company’s stock worth $169,206,000 after buying an additional 12,913 shares in the last quarter. Principal Financial Group Inc. grew its position in Entegris by 130.8% during the third quarter. Principal Financial Group Inc. now owns 1,379,963 shares of the semiconductor company’s stock valued at $155,287,000 after acquiring an additional 781,955 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of Entegris by 7.7% during the second quarter. Envestnet Asset Management Inc. now owns 1,083,217 shares of the semiconductor company’s stock worth $146,668,000 after acquiring an additional 77,083 shares in the last quarter.

Analyst Ratings Changes

ENTG has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft decreased their price objective on Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Citigroup decreased their price target on Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. 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 note on Tuesday, November 5th. BMO Capital Markets decreased their target price on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. Finally, Craig Hallum dropped their price target on shares of Entegris from $150.00 to $130.00 and set a “buy” 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 MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.40.

Entegris Trading Up 2.1 %

Shares of NASDAQ ENTG opened at $109.40 on Monday. Entegris, Inc. has a twelve month low of $94.92 and a twelve month high of $147.57. The company has a quick ratio of 1.83, a current ratio of 2.92 and a debt-to-equity ratio of 1.14. The business has a fifty day simple moving average of $106.06 and a two-hundred day simple moving average of $116.90. The firm has a market cap of $16.52 billion, a PE ratio of 72.45, a price-to-earnings-growth ratio of 1.82 and a beta of 1.23.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). The business had revenue of $807.70 million during the quarter, compared to the consensus estimate of $832.44 million. Entegris had a return on equity of 12.24% and a net margin of 7.13%. The business’s quarterly revenue was down 9.1% on a year-over-year basis. During the same period last year, the firm earned $0.68 EPS. Analysts expect that Entegris, Inc. will post 2.99 earnings per share for the current fiscal year.

Entegris Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date was Wednesday, October 30th. Entegris’s dividend payout ratio (DPR) is presently 26.49%.

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).