GW&K Investment Management LLC grew its stake in Entegris Inc (NASDAQ:ENTG) by 25.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,590,090 shares of the semiconductor company’s stock after purchasing an additional 325,003 shares during the period. Entegris comprises approximately 1.1% of GW&K Investment Management LLC’s investment portfolio, making the stock its 9th largest position. GW&K Investment Management LLC owned 1.18% of Entegris worth $74,830,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. First Trust Advisors LP raised its holdings in Entegris by 270.9% in the 1st quarter. First Trust Advisors LP now owns 150,164 shares of the semiconductor company’s stock valued at $5,359,000 after buying an additional 109,678 shares during the last quarter. WINTON GROUP Ltd bought a new position in Entegris during the 2nd quarter worth approximately $222,000. Scout Investments Inc. raised its holdings in Entegris by 65.8% during the 2nd quarter. Scout Investments Inc. now owns 188,027 shares of the semiconductor company’s stock worth $7,017,000 after purchasing an additional 74,621 shares during the last quarter. First Hawaiian Bank bought a new position in Entegris during the 2nd quarter worth approximately $370,000. Finally, Integrated Investment Consultants LLC bought a new position in Entegris during the 2nd quarter worth approximately $202,000.
In other news, SVP Clinton M. Haris sold 14,480 shares of Entegris stock in a transaction on Friday, November 1st. The stock was sold at an average price of $48.27, for a total transaction of $698,949.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP William James Shaner sold 24,294 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $44.33, for a total value of $1,076,953.02. Following the completion of the sale, the senior vice president now owns 25,536 shares in the company, valued at $1,132,010.88. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.
Several research analysts have issued reports on the stock. BidaskClub upgraded shares of Entegris from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. Craig Hallum raised their price target on shares of Entegris from $48.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Deutsche Bank lowered shares of Entegris from a “buy” rating to a “hold” rating in a report on Sunday, October 6th. They noted that the move was a valuation call. Loop Capital raised their price target on shares of Entegris to $51.00 and gave the stock a “market perform” rating in a report on Friday, October 4th. They noted that the move was a valuation call. Finally, ValuEngine lowered shares of Entegris from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Five analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $48.13.
Shares of ENTG stock traded up $0.12 during trading hours on Friday, hitting $47.75. 561,100 shares of the company were exchanged, compared to its average volume of 1,471,998. The firm has a market cap of $6.54 billion, a P/E ratio of 25.26 and a beta of 1.33. Entegris Inc has a fifty-two week low of $24.43 and a fifty-two week high of $50.15. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.79 and a current ratio of 4.15. The company has a 50 day simple moving average of $47.64 and a two-hundred day simple moving average of $41.61.
Entegris (NASDAQ:ENTG) last released its earnings results on Thursday, October 24th. The semiconductor company reported $0.50 EPS for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.05. The company had revenue of $394.10 million for the quarter, compared to analysts’ expectations of $392.09 million. Entegris had a return on equity of 24.16% and a net margin of 17.77%. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.46 EPS. As a group, sell-side analysts expect that Entegris Inc will post 1.93 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Tuesday, October 29th. Entegris’s payout ratio is 16.93%.
Entegris Company Profile
Entegris, Inc develops, manufactures, and supplies micro contamination control products, specialty chemicals, and advanced materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries worldwide. It operates through three segments: Specialty Chemicals and Engineered Materials (SCEM); Microcontamination Control (MC); and Advanced Materials Handling (AMH).
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