Entegris, Inc. $ENTG Stock Purchased by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. raised its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 17.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,581 shares of the semiconductor company’s stock after purchasing an additional 4,896 shares during the period. Rakuten Investment Management Inc.’s holdings in Entegris were worth $5,197,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of ENTG. Provenance Wealth Advisors LLC acquired a new stake in shares of Entegris during the 3rd quarter worth approximately $422,000. Oregon Public Employees Retirement Fund lifted its holdings in Entegris by 0.4% in the third quarter. Oregon Public Employees Retirement Fund now owns 31,657 shares of the semiconductor company’s stock valued at $4,877,000 after buying an additional 134 shares during the period. Boit C F David bought a new position in Entegris in the third quarter valued at approximately $32,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Entegris in the third quarter valued at approximately $36,393,000. Finally, ProShare Advisors LLC grew its holdings in Entegris by 2.7% during the 3rd quarter. ProShare Advisors LLC now owns 25,901 shares of the semiconductor company’s stock worth $3,990,000 after acquiring an additional 691 shares during the period.

Entegris Trading Up 2.6%

ENTG traded up $3.23 during mid-day trading on Friday, hitting $127.98. The stock had a trading volume of 4,659,347 shares, compared to its average volume of 3,057,115. The stock’s fifty day simple moving average is $146.15 and its 200-day simple moving average is $138.59. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.66 and a quick ratio of 1.59. The firm has a market capitalization of $19.56 billion, a price-to-earnings ratio of 49.99, a price-to-earnings-growth ratio of 1.21 and a beta of 1.39. Entegris, Inc. has a 1-year low of $67.97 and a 1-year high of $186.94.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Thursday, October 29th. The semiconductor company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.20. Entegris had a net margin of 11.14% and a return on equity of 13.86%. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $925.35 million. During the same period last year, the firm posted $0.72 earnings per share. The business’s quarterly revenue was up 24.6% compared to the same quarter last year. As a group, research analysts forecast that Entegris, Inc. will post 4.38 EPS for the current fiscal year.

Entegris Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 18th. Shareholders of record on Wednesday, October 28th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Wednesday, October 28th. Entegris’s payout ratio is presently 15.62%.

Insider Buying and Selling at Entegris

In other news, SVP Susan G. Rice sold 2,062 shares of Entegris stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $149.52, for a total transaction of $308,310.24. Following the transaction, the senior vice president owned 66,976 shares in the company, valued at $10,014,251.52. The trade was a 2.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Joseph Colella sold 3,916 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $164.48, for a total value of $644,103.68. Following the completion of the transaction, the senior vice president owned 50,297 shares of the company’s stock, valued at $8,272,850.56. This represents a 7.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 7,978 shares of company stock valued at $1,273,734. Company insiders own 0.53% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Needham & Company LLC increased their price target on Entegris from $170.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, October 29th. Citigroup lifted their price objective on Entegris from $195.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, October 30th. Freedom Capital upgraded Entegris to a “strong-buy” rating in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft upgraded Entegris from a “hold” rating to a “buy” rating and upped their price objective for the company from $152.00 to $200.00 in a report on Wednesday, August 12th. Finally, UBS Group increased their target price on Entegris from $205.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $187.17.

Entegris Company Profile

Entegris, Inc is a materials science and process technology company that supplies products and solutions used in the manufacture of semiconductors and other advanced technology products. Its offerings help chipmakers manage contamination, handle sensitive materials, and improve process control across the semiconductor production cycle.

The company’s products include specialty chemicals and gases, filtration and purification systems, wafer and substrate handling products, fluid-management components, and advanced materials used in semiconductor fabrication.