Stanley Laman Group Ltd. increased its stake in Entegris, Inc. (NASDAQ:ENTG) by 1.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 32,821 shares of the semiconductor company’s stock after purchasing an additional 473 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Entegris were worth $3,154,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the stock. CIBC Asset Management Inc raised its holdings in shares of Entegris by 2.5% in the 3rd quarter. CIBC Asset Management Inc now owns 5,076 shares of the semiconductor company’s stock worth $377,000 after purchasing an additional 125 shares during the period. People s United Financial Inc. raised its holdings in shares of Entegris by 1.3% in the 3rd quarter. People s United Financial Inc. now owns 11,546 shares of the semiconductor company’s stock worth $858,000 after purchasing an additional 145 shares during the period. SRS Capital Advisors Inc. raised its holdings in shares of Entegris by 8.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,844 shares of the semiconductor company’s stock worth $177,000 after purchasing an additional 146 shares during the period. CWM LLC raised its holdings in shares of Entegris by 41.7% in the 3rd quarter. CWM LLC now owns 523 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 154 shares during the period. Finally, Sheets Smith Wealth Management raised its holdings in shares of Entegris by 4.9% in the 4th quarter. Sheets Smith Wealth Management now owns 3,527 shares of the semiconductor company’s stock worth $339,000 after purchasing an additional 166 shares during the period. 98.40% of the stock is currently owned by institutional investors.
In related news, SVP William James Shaner sold 3,100 shares of the company’s stock in a transaction on Tuesday, December 8th. The shares were sold at an average price of $99.18, for a total value of $307,458.00. Following the completion of the transaction, the senior vice president now directly owns 25,199 shares in the company, valued at $2,499,236.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.70% of the stock is currently owned by insiders.
A number of equities research analysts recently commented on ENTG shares. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Entegris from $72.00 to $85.00 and gave the stock a “hold” rating in a report on Wednesday, November 18th. Craig Hallum boosted their target price on shares of Entegris from $66.00 to $100.00 and gave the company a “hold” rating in a report on Wednesday, February 3rd. KeyCorp boosted their target price on shares of Entegris from $90.00 to $105.00 and gave the company an “overweight” rating in a report on Wednesday, November 18th. Stifel Nicolaus boosted their target price on shares of Entegris from $91.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, December 8th. Finally, Zacks Investment Research raised shares of Entegris from a “hold” rating to a “buy” rating and set a $107.00 target price on the stock in a report on Thursday, February 4th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Entegris currently has an average rating of “Buy” and a consensus price target of $101.40.
Shares of Entegris stock traded down $1.09 during trading on Tuesday, hitting $103.21. The stock had a trading volume of 16,689 shares, compared to its average volume of 1,017,760. The firm has a market cap of $13.93 billion, a price-to-earnings ratio of 53.49 and a beta of 1.33. Entegris, Inc. has a 12 month low of $38.12 and a 12 month high of $114.00. The business’s 50-day moving average is $102.43 and its 200 day moving average is $86.05. The company has a current ratio of 4.63, a quick ratio of 3.30 and a debt-to-equity ratio of 0.83.
Entegris (NASDAQ:ENTG) last released its quarterly earnings results on Monday, February 1st. The semiconductor company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.05. The firm had revenue of $518.00 million for the quarter, compared to analysts’ expectations of $489.38 million. Entegris had a net margin of 15.03% and a return on equity of 26.54%. The business’s quarterly revenue was up 21.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.55 earnings per share. As a group, equities analysts expect that Entegris, Inc. will post 2.48 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 17th. Investors of record on Wednesday, January 27th were given a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, January 26th. This represents a $0.32 annualized dividend and a yield of 0.31%. Entegris’s dividend payout ratio (DPR) is presently 16.58%.
Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries in North America, Taiwan, South Korea, Japan, China, Europe, and Southeast Asia.
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