Wells Fargo & Company MN grew its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 19.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 1,170,846 shares of the semiconductor company’s stock after acquiring an additional 194,301 shares during the quarter. Wells Fargo & Company MN owned about 0.83% of Entegris worth $33,779,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Entegris by 11.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,324 shares of the semiconductor company’s stock worth $117,000 after buying an additional 533 shares in the last quarter. Seven Eight Capital LP bought a new stake in shares of Entegris in the 2nd quarter worth $149,000. Reliance Trust Co. of Delaware bought a new stake in shares of Entegris in the 3rd quarter worth $208,000. Stevens Capital Management LP bought a new stake in shares of Entegris in the 3rd quarter worth $252,000. Finally, Balyasny Asset Management LLC bought a new stake in shares of Entegris in the 2nd quarter worth $243,000. 96.52% of the stock is currently owned by institutional investors.
A number of analysts have recently commented on the company. Needham & Company LLC reissued a “buy” rating and issued a $29.00 price objective on shares of Entegris in a research note on Tuesday, September 19th. Loop Capital assumed coverage on Entegris in a research note on Thursday, September 28th. They issued a “buy” rating and a $35.00 price objective on the stock. ValuEngine downgraded Entegris from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. Dougherty & Co boosted their price objective on Entegris from $33.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Finally, Zacks Investment Research downgraded Entegris from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $32.10.
Entegris (NASDAQ:ENTG) last announced its earnings results on Thursday, October 26th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.06. The company had revenue of $345.60 million for the quarter, compared to analyst estimates of $334.30 million. Entegris had a return on equity of 18.82% and a net margin of 10.73%. Entegris’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.24 earnings per share. research analysts anticipate that Entegris, Inc. will post 1.37 EPS for the current fiscal year.
The business also recently announced a special dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 1st were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, October 31st. Entegris’s dividend payout ratio (DPR) is presently 7.22%.
In other news, SVP Stuart Tison sold 3,814 shares of the business’s stock in a transaction 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 sale, the senior vice president now directly owns 81,943 shares of the company’s stock, valued at $2,540,233. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Todd James Edlund sold 5,954 shares of the business’s stock in a transaction 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 sale, the chief operating officer now directly owns 143,774 shares in the company, valued at $4,646,775.68. The disclosure for this sale can be found here. Insiders have sold 18,296 shares of company stock worth $575,962 over the last ninety days. 1.50% of the stock is owned by insiders.
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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