Cim Investment Mangement Inc. Takes Position in Entegris Inc (ENTG)
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.
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.
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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).
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