NWQ Investment Management Company LLC lessened its position in Entegris, Inc. (NASDAQ:ENTG) by 31.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,406,310 shares of the semiconductor company’s stock after selling 640,545 shares during the quarter. NWQ Investment Management Company LLC owned approximately 0.99% of Entegris worth $40,572,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in ENTG. Aperio Group LLC raised its position in Entegris by 22.1% in the 2nd quarter. Aperio Group LLC now owns 30,985 shares of the semiconductor company’s stock valued at $680,000 after buying an additional 5,603 shares during the last quarter. Strs Ohio grew its stake in Entegris by 6.3% in the second quarter. Strs Ohio now owns 18,700 shares of the semiconductor company’s stock valued at $410,000 after purchasing an additional 1,100 shares in the last quarter. Bessemer Group Inc. grew its stake in Entegris by 7.8% in the second quarter. Bessemer Group Inc. now owns 36,128 shares of the semiconductor company’s stock valued at $793,000 after purchasing an additional 2,628 shares in the last quarter. Sei Investments Co. grew its stake in Entegris by 149.1% in the second quarter. Sei Investments Co. now owns 143,459 shares of the semiconductor company’s stock valued at $3,149,000 after purchasing an additional 85,859 shares in the last quarter. Finally, TD Asset Management Inc. bought a new position in Entegris in the second quarter valued at approximately $448,000. 96.52% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have weighed in on the company. Loop Capital restated a “buy” rating and issued a $40.00 price target on shares of Entegris in a research note on Friday, December 1st. ValuEngine downgraded Entegris from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. Dougherty & Co raised their price target on Entegris from $33.00 to $36.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Citigroup raised their price target on Entegris from $29.00 to $34.00 and gave the company a “neutral” rating in a research note on Friday, October 27th. Finally, Needham & Company LLC restated a “buy” rating and issued a $35.00 price target on shares of Entegris in a research note on Friday, October 27th. Five analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. Entegris presently has an average rating of “Buy” and a consensus target price of $32.10.
Entegris, Inc. (ENTG) opened at $29.15 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.43 and a current ratio of 3.14. Entegris, Inc. has a one year low of $17.65 and a one year high of $33.05. The company has a market capitalization of $4,114.64, a P/E ratio of 22.91, a PEG ratio of 1.89 and a beta of 1.52.
Entegris (NASDAQ:ENTG) last issued its earnings results on Thursday, October 26th. The semiconductor company reported $0.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.06. Entegris had a return on equity of 18.82% and a net margin of 10.73%. The company had revenue of $345.60 million during the quarter, compared to the consensus estimate of $334.30 million. During the same period in the previous year, the company posted $0.24 EPS. The firm’s revenue for the quarter was up 16.5% compared to the same quarter last year. research analysts anticipate that Entegris, Inc. will post 1.37 earnings per share for the current fiscal year.
The firm also recently announced a special dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 1st were paid a dividend of $0.07 per share. The ex-dividend date was Tuesday, October 31st. Entegris’s dividend payout ratio is currently 7.22%.
In other news, SVP Stuart Tison sold 3,814 shares of Entegris stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $31.00, for a total transaction of $118,234.00. Following the completion of the transaction, the senior vice president now directly owns 81,943 shares in the company, valued at approximately $2,540,233. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Todd James Edlund sold 5,954 shares of Entegris stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $32.32, for a total value of $192,433.28. Following the transaction, the chief operating officer now owns 143,774 shares of the company’s stock, valued at $4,646,775.68. The disclosure for this sale can be found here. Insiders have sold a total of 13,296 shares of company stock valued at $425,962 over the last quarter. 1.50% of the stock is currently owned by corporate insiders.
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Entegris, Inc is a global developer, manufacturer and supplier of microcontamination control products, specialty chemicals and materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries. The Company operates in three business segments: Specialty Chemicals and Engineered Materials (SCEM), Advanced Materials Handling (AMH) and Microcontamination Control (MC).
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