Cim Investment Mangement Inc. bought a new stake in shares of Entegris Inc (NASDAQ:ENTG) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 10,029 shares of the semiconductor company’s stock, valued at approximately $290,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hillsdale Investment Management Inc. grew its position in Entegris by 6.8% during the third quarter. Hillsdale Investment Management Inc. now owns 47,230 shares of the semiconductor company’s stock worth $1,368,000 after buying an additional 3,000 shares in the last quarter. Janus Henderson Group PLC grew its position in Entegris by 43.1% during the third quarter. Janus Henderson Group PLC now owns 2,327,942 shares of the semiconductor company’s stock worth $67,394,000 after buying an additional 701,141 shares in the last quarter. Heartland Advisors Inc. acquired a new stake in Entegris during the third quarter worth about $6,337,000. ClariVest Asset Management LLC grew its position in Entegris by 11.8% during the third quarter. ClariVest Asset Management LLC now owns 207,176 shares of the semiconductor company’s stock worth $5,999,000 after buying an additional 21,892 shares in the last quarter. Finally, MML Investors Services LLC acquired a new stake in Entegris during the third quarter worth about $204,000. Institutional investors own 94.76% of the company’s stock.

A number of equities research analysts have weighed in on ENTG shares. BidaskClub downgraded Entegris from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 9th. Goldman Sachs Group downgraded Entegris from a “conviction-buy” rating to a “buy” rating in a report on Wednesday, September 12th. Zacks Investment Research downgraded Entegris from a “buy” rating to a “hold” rating in a report on Tuesday, September 18th. ValuEngine downgraded Entegris from a “hold” rating to a “sell” rating in a report on Tuesday, September 18th. Finally, Deutsche Bank raised Entegris from a “hold” rating to a “buy” rating and decreased their price objective for the company from $40.00 to $38.00 in a report on Monday, October 1st. Three equities research analysts have rated the stock with a sell rating and ten have assigned a buy rating to the company. Entegris has an average rating of “Buy” and a consensus target price of $41.60.

NASDAQ ENTG opened at $27.28 on Thursday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.64 and a current ratio of 3.89. The company has a market cap of $3.85 billion, a price-to-earnings ratio of 18.94 and a beta of 1.43. Entegris Inc has a 1-year low of $23.39 and a 1-year high of $39.55.

Entegris (NASDAQ:ENTG) last released its quarterly earnings data on Thursday, October 25th. The semiconductor company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.03). The company had revenue of $398.60 million for the quarter, compared to analyst estimates of $401.79 million. Entegris had a net margin of 8.78% and a return on equity of 25.34%. On average, sell-side analysts predict that Entegris Inc will post 1.88 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 21st. Stockholders of record on Wednesday, October 31st were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend was Tuesday, October 30th. Entegris’s payout ratio is currently 19.44%.

In other news, Director James Gentilcore sold 14,868 shares of the business’s stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of $33.92, for a total value of $504,322.56. Following the transaction, the director now directly owns 4,090 shares of the company’s stock, valued at approximately $138,732.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.20% of the stock is owned by insiders.

TRADEMARK VIOLATION NOTICE: “Cim Investment Mangement Inc. Takes Position in Entegris Inc (ENTG)” was originally reported by Daily Political and is owned by of Daily Political. If you are accessing this article on another publication, it was illegally copied and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this article can be accessed at https://www.dailypolitical.com/2018/11/22/cim-investment-mangement-inc-takes-position-in-entegris-inc-entg.html.

Entegris Company Profile

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 worldwide. It operates through three segments: Specialty Chemicals and Engineered Materials (SCEM), Microcontamination Control (MC), and Advanced Materials Handling (AMH).

Featured Article: What is the Dow Jones Industrial Average (DJIA)?

Want to see what other hedge funds are holding ENTG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Entegris Inc (NASDAQ:ENTG).

Institutional Ownership by Quarter for Entegris (NASDAQ:ENTG)

Receive News & Ratings for Entegris Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entegris and related companies with MarketBeat.com's FREE daily email newsletter.