Bristol John W & Co. Inc. NY reduced its holdings in shares of Entegris, Inc. (NASDAQ:ENTG – Free Report) by 1.9% in the third quarter, Holdings Channel reports. The institutional investor owned 796,270 shares of the semiconductor company’s stock after selling 15,153 shares during the period. Bristol John W & Co. Inc. NY’s holdings in Entegris were worth $73,623,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Entegris by 2.8% in the 3rd quarter. Vanguard Group Inc. now owns 16,017,716 shares of the semiconductor company’s stock worth $1,480,998,000 after acquiring an additional 443,518 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Entegris by 5.8% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,457,925 shares of the semiconductor company’s stock valued at $689,560,000 after purchasing an additional 412,121 shares during the last quarter. Capital Research Global Investors bought a new stake in Entegris during the 3rd quarter worth approximately $644,841,000. Principal Financial Group Inc. raised its stake in shares of Entegris by 10.1% in the third quarter. Principal Financial Group Inc. now owns 5,876,271 shares of the semiconductor company’s stock worth $543,325,000 after purchasing an additional 540,755 shares during the last quarter. Finally, UBS Group AG raised its stake in shares of Entegris by 19.7% in the third quarter. UBS Group AG now owns 3,405,183 shares of the semiconductor company’s stock worth $314,843,000 after purchasing an additional 559,435 shares during the last quarter.
Entegris Stock Performance
ENTG stock opened at $109.98 on Friday. The company has a quick ratio of 2.04, a current ratio of 3.35 and a debt-to-equity ratio of 0.94. The firm has a market cap of $16.72 billion, a PE ratio of 71.42, a P/E/G ratio of 2.18 and a beta of 1.30. The business has a 50 day moving average of $119.25 and a 200-day moving average of $98.13. Entegris, Inc. has a 12-month low of $60.75 and a 12-month high of $142.50.
Entegris Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 18th. Stockholders 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 0.4%. The ex-dividend date was Wednesday, January 28th. Entegris’s payout ratio is presently 25.97%.
Analyst Ratings Changes
ENTG has been the topic of several analyst reports. Zacks Research raised Entegris from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 13th. Deutsche Bank Aktiengesellschaft lowered Entegris from a “buy” rating to a “hold” rating and set a $105.00 price target for the company. in a research report on Tuesday, February 3rd. KeyCorp raised their price objective on Entegris from $111.00 to $156.00 and gave the company an “overweight” rating in a research note on Wednesday, February 11th. Needham & Company LLC reaffirmed a “strong-buy” rating on shares of Entegris in a report on Tuesday, January 20th. Finally, The Goldman Sachs Group upped their target price on shares of Entegris from $75.00 to $95.00 and gave the stock a “sell” rating in a research note on Wednesday, February 11th. One research 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 assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $133.78.
Check Out Our Latest Stock Report on ENTG
Insider Buying and Selling
In other Entegris news, CFO Linda Lagorga sold 11,438 shares of Entegris stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $135.00, for a total value of $1,544,130.00. Following the sale, the chief financial officer owned 33,810 shares of the company’s stock, valued at approximately $4,564,350. The trade was a 25.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Clinton M. Haris sold 5,830 shares of the business’s stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $120.00, for a total transaction of $699,600.00. Following the completion of the transaction, the senior vice president owned 37,743 shares in the company, valued at approximately $4,529,160. The trade was a 13.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 226,074 shares of company stock worth $29,640,758 in the last ninety days. Corporate 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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