Quarry LP Acquires New Position in Entegris, Inc. (NASDAQ:ENTG)

Quarry LP bought a new position in shares of Entegris, Inc. (NASDAQ:ENTG) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 199 shares of the semiconductor company’s stock, valued at approximately $27,000.

Other hedge funds have also modified their holdings of the company. Price T Rowe Associates Inc. MD raised its position 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 worth $1,838,988,000 after acquiring an additional 916,420 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of Entegris in the 2nd quarter valued at about $42,087,000. American Century Companies Inc. lifted its stake in shares of Entegris by 20.2% in 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 purchasing an additional 256,186 shares during the period. Swedbank AB boosted its holdings in Entegris by 520.3% during 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 in the last quarter. Finally, Norden Group LLC grew 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 worth $31,518,000 after buying an additional 214,510 shares during the period.

Entegris Stock Down 1.8 %

Shares of NASDAQ ENTG opened at $110.14 on Tuesday. The firm has a market cap of $16.61 billion, a P/E ratio of 52.95, a price-to-earnings-growth ratio of 1.50 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. The firm’s 50 day moving average price is $110.75 and its 200 day moving average price is $125.52.

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, topping the consensus estimate of $0.70 by $0.01. The business had revenue of $812.60 million for the quarter, compared to analysts’ expectations of $802.43 million. Entegris had a return on equity of 12.03% and a net margin of 5.61%. The business’s revenue was down 9.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.66 earnings per share. As a group, sell-side analysts anticipate that Entegris, Inc. will post 3.14 earnings per share for the current year.

Entegris Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Wednesday, July 31st were given a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $0.40 annualized dividend and a dividend yield of 0.36%. Entegris’s dividend payout ratio is presently 19.23%.

Insider Activity at Entegris

In other Entegris news, insider Daniel D. Woodland sold 15,000 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 37,457 shares of the company’s stock, valued at $5,431,265. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.67% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft decreased their price target on Entegris from $160.00 to $145.00 and set a “buy” 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 target price on the stock in a report on Thursday, August 1st. Citigroup raised Entegris from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $119.00 to $130.00 in a research note on Monday, September 16th. BMO Capital Markets lowered their price objective 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. Finally, Needham & Company LLC restated a “buy” rating and set a $150.00 target price on shares of Entegris in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $146.40.

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).