Snyder Capital Management L P raised its position in Entegris, Inc. (NASDAQ:ENTG – Free Report) by 18.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,595,002 shares of the semiconductor company’s stock after acquiring an additional 396,599 shares during the period. Entegris comprises approximately 4.5% of Snyder Capital Management L P’s holdings, making the stock its 3rd largest holding. Snyder Capital Management L P owned 1.71% of Entegris worth $239,934,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Entegris by 2.8% during the third quarter. Vanguard Group Inc. now owns 16,017,716 shares of the semiconductor company’s stock valued at $1,480,998,000 after purchasing an additional 443,518 shares during the period. Principal Financial Group Inc. boosted its stake in Entegris by 10.1% during the third quarter. Principal Financial Group Inc. now owns 5,876,271 shares of the semiconductor company’s stock worth $543,325,000 after buying an additional 540,755 shares in the last quarter. Primecap Management Co. CA increased its holdings in Entegris by 3.1% in the 3rd quarter. Primecap Management Co. CA now owns 3,161,635 shares of the semiconductor company’s stock valued at $292,325,000 after buying an additional 96,465 shares during the period. Durable Capital Partners LP raised its stake in shares of Entegris by 4.9% in the 2nd quarter. Durable Capital Partners LP now owns 3,055,914 shares of the semiconductor company’s stock valued at $246,459,000 after buying an additional 141,497 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Entegris by 31.2% in the 2nd quarter. Bank of America Corp DE now owns 3,031,048 shares of the semiconductor company’s stock valued at $244,454,000 after buying an additional 720,467 shares in the last quarter.
Entegris Trading Up 1.7%
ENTG stock opened at $129.00 on Thursday. The business has a fifty day moving average price of $115.56 and a 200 day moving average price of $96.80. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.35 and a quick ratio of 2.04. Entegris, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $142.50. The stock has a market capitalization of $19.61 billion, a price-to-earnings ratio of 83.77, a P/E/G ratio of 2.38 and a beta of 1.30.
Entegris Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 18th. Stockholders of record on Wednesday, January 28th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Wednesday, January 28th. Entegris’s dividend payout ratio is presently 25.97%.
Analyst Ratings Changes
Several brokerages have recently weighed in on ENTG. KeyCorp lifted their target price on shares of Entegris from $111.00 to $156.00 and gave the company an “overweight” rating in a research report on Wednesday, February 11th. Citigroup raised their price target on shares of Entegris from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Zacks Research raised Entegris from a “hold” rating to a “strong-buy” rating in a report on Friday, February 13th. BMO Capital Markets reissued an “outperform” rating and issued a $148.00 target price on shares of Entegris in a report on Wednesday, February 11th. Finally, Deutsche Bank Aktiengesellschaft downgraded Entegris from a “buy” rating to a “hold” rating and set a $105.00 target price for the company. in a research report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $133.78.
View Our Latest Research Report on Entegris
Insider Buying and Selling at Entegris
In related news, SVP Daniel D. Woodland sold 30,474 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $130.65, for a total value of $3,981,428.10. Following the completion of the sale, the senior vice president owned 46,904 shares of the company’s stock, valued at $6,128,007.60. This trade represents a 39.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Bertrand Loy sold 50,322 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $137.41, for a total transaction of $6,914,746.02. Following the completion of the transaction, the insider owned 217,767 shares of the company’s stock, valued at $29,923,363.47. This trade represents a 18.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 228,082 shares of company stock valued at $29,827,181 over the last three months. Insiders own 0.67% of the company’s stock.
Entegris Profile
Entegris, Inc is a leading provider of advanced materials and process control solutions for the semiconductor and other high-technology industries. The company develops and supplies a broad portfolio of products designed to ensure purity and reliability throughout the manufacturing process, helping customers address critical contamination and yield challenges.
Entegris’s product offerings include high-purity chemicals and specialty materials, liquid and gas filtration and purification systems, and sophisticated wafer and chip handling solutions.
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