Entegris, Inc. (NASDAQ:ENTG) Stock Holdings Lifted by Swedbank AB

Swedbank AB increased its holdings in Entegris, Inc. (NASDAQ:ENTG) by 249.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,050,361 shares of the semiconductor company’s stock after buying an additional 750,000 shares during the period. Swedbank AB owned about 0.70% of Entegris worth $118,197,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of ENTG. Wedmont Private Capital boosted its holdings in shares of Entegris by 5.9% during the second quarter. Wedmont Private Capital now owns 1,609 shares of the semiconductor company’s stock valued at $232,000 after acquiring an additional 90 shares during the period. Bridges Investment Management Inc. increased its stake in shares of Entegris by 3.6% in the third quarter. Bridges Investment Management Inc. now owns 2,829 shares of the semiconductor company’s stock valued at $318,000 after purchasing an additional 98 shares during the period. Everpar Advisors LLC raised its holdings in shares of Entegris by 6.5% during the second quarter. Everpar Advisors LLC now owns 1,656 shares of the semiconductor company’s stock valued at $224,000 after buying an additional 101 shares during the last quarter. Arizona State Retirement System boosted its position in shares of Entegris by 0.3% during the second quarter. Arizona State Retirement System now owns 41,406 shares of the semiconductor company’s stock worth $5,606,000 after buying an additional 105 shares during the period. Finally, Fulton Bank N.A. grew its holdings in Entegris by 0.9% in the 2nd quarter. Fulton Bank N.A. now owns 11,703 shares of the semiconductor company’s stock worth $1,585,000 after buying an additional 108 shares in the last quarter.

Entegris Price Performance

ENTG opened at $107.24 on Monday. The firm has a market capitalization of $16.19 billion, a P/E ratio of 71.02, a PEG ratio of 1.74 and a beta of 1.24. The stock has a fifty day moving average of $107.09 and a 200-day moving average of $118.56. The company has a quick ratio of 1.83, a current ratio of 2.92 and a debt-to-equity ratio of 1.14. Entegris, Inc. has a 12-month low of $94.92 and a 12-month high of $147.57.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.01). Entegris had a return on equity of 12.24% and a net margin of 7.13%. The business had revenue of $807.70 million during the quarter, compared to analysts’ expectations of $832.44 million. During the same period in the prior year, the company posted $0.68 earnings per share. The firm’s revenue was down 9.1% on a year-over-year basis. Equities analysts forecast that Entegris, Inc. will post 2.99 EPS for the current fiscal year.

Entegris Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, October 30th were issued a dividend of $0.10 per share. The ex-dividend date was Wednesday, October 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.37%. Entegris’s dividend payout ratio is 26.49%.

Analyst Ratings Changes

A number of brokerages have issued reports on ENTG. UBS Group reduced their price target on Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. BMO Capital Markets reduced their price objective on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Craig Hallum reduced their price target on shares of Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Finally, Citigroup lowered their price objective on shares of Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $135.40.

About Entegris

Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions in North America, Taiwan, China, South Korea, Japan, Europe, and Southeast Asia. It operates in three segments: Materials Solutions (MS); Microcontamination Control (MC); and Advanced Materials Handling (AMH).