Primecap Management Co. CA boosted its holdings in Entegris, Inc. (NASDAQ:ENTG – Free Report) by 3.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,161,635 shares of the semiconductor company’s stock after purchasing an additional 96,465 shares during the quarter. Primecap Management Co. CA owned about 2.09% of Entegris worth $292,325,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of ENTG. Verdence Capital Advisors LLC lifted its stake in shares of Entegris by 2.7% in the third quarter. Verdence Capital Advisors LLC now owns 4,817 shares of the semiconductor company’s stock valued at $454,000 after buying an additional 126 shares in the last quarter. First National Advisers LLC raised its holdings in shares of Entegris by 0.5% in the 2nd quarter. First National Advisers LLC now owns 28,895 shares of the semiconductor company’s stock worth $2,330,000 after acquiring an additional 154 shares during the last quarter. State of Michigan Retirement System raised its holdings in shares of Entegris by 0.6% in the 2nd quarter. State of Michigan Retirement System now owns 36,400 shares of the semiconductor company’s stock worth $2,936,000 after acquiring an additional 200 shares during the last quarter. SBI Securities Co. Ltd. lifted its position in Entegris by 260.8% in the 3rd quarter. SBI Securities Co. Ltd. now owns 285 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 206 shares in the last quarter. Finally, Welch & Forbes LLC boosted its stake in Entegris by 6.6% during the 3rd quarter. Welch & Forbes LLC now owns 3,659 shares of the semiconductor company’s stock valued at $338,000 after purchasing an additional 225 shares during the last quarter.
Entegris Stock Performance
Shares of ENTG opened at $137.34 on Thursday. Entegris, Inc. has a 1 year low of $60.75 and a 1 year high of $142.50. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.35 and a quick ratio of 2.04. The stock’s fifty day moving average price is $110.92 and its two-hundred day moving average price is $94.90. The firm has a market cap of $20.88 billion, a PE ratio of 89.18, a PEG ratio of 2.56 and a beta of 1.33.
Entegris Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 18th. Investors of record on Wednesday, January 28th were paid 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%.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on ENTG shares. Weiss Ratings reissued a “hold (c)” rating on shares of Entegris in a research note on Monday, December 29th. Mizuho set a $150.00 price target on Entegris in a research report on Wednesday, February 11th. UBS Group reaffirmed a “buy” rating and set a $150.00 price objective on shares of Entegris in a report on Monday, February 2nd. Citigroup upped their target price 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. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Entegris from a “buy” rating to a “hold” rating and set a $105.00 price target on the stock. 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 given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $133.78.
Read Our Latest Stock Analysis on ENTG
Insider Buying and Selling
In other Entegris news, SVP Clinton M. Haris sold 5,830 shares of the stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $120.00, for a total transaction of $699,600.00. Following the sale, the senior vice president owned 37,743 shares in the company, valued at $4,529,160. This represents a 13.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James P. Lederer sold 2,008 shares of Entegris stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $92.84, for a total value of $186,422.72. Following the completion of the transaction, the director owned 20,434 shares of the company’s stock, valued at approximately $1,897,092.56. This trade represents a 8.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 175,814 shares of company stock worth $19,068,668 in the last 90 days. 0.67% of the stock is currently owned by company insiders.
About Entegris
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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