Stevens Capital Management LP purchased a new stake in shares of Entegris, Inc. (NASDAQ:ENTG) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 8,731 shares of the semiconductor company’s stock, valued at approximately $252,000.
Several other hedge funds have also recently made changes to their positions in the company. Legal & General Group Plc lifted its stake in shares of Entegris by 5.0% in the first quarter. Legal & General Group Plc now owns 45,943 shares of the semiconductor company’s stock worth $1,070,000 after acquiring an additional 2,194 shares during the period. Bank of Montreal Can lifted its stake in shares of Entegris by 68.0% in the second quarter. Bank of Montreal Can now owns 548,938 shares of the semiconductor company’s stock worth $12,049,000 after acquiring an additional 222,136 shares during the period. Aperio Group LLC lifted its stake in shares of Entegris by 22.1% in the second quarter. Aperio Group LLC now owns 30,985 shares of the semiconductor company’s stock worth $680,000 after acquiring an additional 5,603 shares during the period. Chase Investment Counsel Corp acquired a new position in shares of Entegris in the second quarter worth approximately $523,000. Finally, Acadian Asset Management LLC lifted its stake in shares of Entegris by 143.0% in the second quarter. Acadian Asset Management LLC now owns 179,073 shares of the semiconductor company’s stock worth $3,929,000 after acquiring an additional 105,393 shares during the period. 96.52% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Entegris, Inc. (NASDAQ:ENTG) traded up $0.05 during midday trading on Wednesday, hitting $29.15. The stock had a trading volume of 589,621 shares, compared to its average volume of 863,836. Entegris, Inc. has a 1 year low of $17.65 and a 1 year high of $33.05. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.14 and a quick ratio of 2.43. The stock has a market cap of $4,072.23, a PE ratio of 22.68, a PEG ratio of 1.87 and a beta of 1.52.
Entegris (NASDAQ:ENTG) last issued its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.06. The firm had revenue of $345.60 million for the quarter, compared to analysts’ expectations of $334.30 million. Entegris had a return on equity of 18.82% and a net margin of 10.73%. The business’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.24 EPS. research analysts forecast that Entegris, Inc. will post 1.37 earnings per share for the current fiscal year.
The business also recently disclosed a special dividend, which was paid on Wednesday, November 22nd. Investors of record on Wednesday, November 1st were issued 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 7.22%.
ENTG has been the topic of several recent analyst reports. KeyCorp reissued an “outperform” rating and issued a $30.00 price target on shares of Entegris in a research note on Saturday, September 16th. Needham & Company LLC reissued a “buy” rating and issued a $29.00 price target on shares of Entegris in a research note on Tuesday, September 19th. Loop Capital initiated coverage on Entegris in a report on Thursday, September 28th. They set a “buy” rating and a $35.00 price objective for the company. Zacks Investment Research downgraded Entegris from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Finally, Citigroup upped their price target on Entegris from $29.00 to $34.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $32.10.
In other Entegris news, VP Corey Rucci sold 3,528 shares of the company’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $32.68, for a total value of $115,295.04. Following the transaction, the vice president now directly owns 22,436 shares in the company, valued at approximately $733,208.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Stuart Tison sold 3,814 shares of the company’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $31.00, for a total value of $118,234.00. Following the completion of the transaction, the senior vice president now owns 81,943 shares in the company, valued at $2,540,233. The disclosure for this sale can be found here. Insiders have sold a total of 13,296 shares of company stock worth $425,962 in the last three months. 1.50% of the stock is currently 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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