Barings LLC bought a new stake in Entegris, Inc. (NASDAQ:ENTG) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,800 shares of the semiconductor company’s stock, valued at approximately $225,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Entegris by 11.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,324 shares of the semiconductor company’s stock valued at $117,000 after purchasing an additional 533 shares in the last quarter. Seven Eight Capital LP acquired a new position in shares of Entegris in the second quarter valued at $149,000. Reliance Trust Co. of Delaware acquired a new position in shares of Entegris in the third quarter valued at $208,000. Balyasny Asset Management LLC acquired a new position in shares of Entegris in the second quarter valued at $243,000. Finally, Teacher Retirement System of Texas raised its stake in shares of Entegris by 0.5% in the second quarter. Teacher Retirement System of Texas now owns 11,271 shares of the semiconductor company’s stock valued at $247,000 after purchasing an additional 53 shares in the last quarter. Institutional investors and hedge funds own 96.52% of the company’s stock.

Shares of Entegris, Inc. (NASDAQ:ENTG) opened at $29.15 on Thursday. Entegris, Inc. has a 1 year low of $17.65 and a 1 year high of $33.05. The firm has a market capitalization of $4,114.64, a price-to-earnings ratio of 22.91, a price-to-earnings-growth ratio of 1.89 and a beta of 1.52. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.14 and a quick ratio of 2.43.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.06. Entegris had a return on equity of 18.82% and a net margin of 10.73%. The firm had revenue of $345.60 million for the quarter, compared to analysts’ expectations of $334.30 million. During the same period in the prior year, the business posted $0.24 earnings per share. The business’s revenue was up 16.5% compared to the same quarter last year. equities research analysts anticipate that Entegris, Inc. will post 1.37 EPS for the current fiscal year.

The firm also recently announced a special dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 1st were issued a dividend of $0.07 per share. The ex-dividend date was Tuesday, October 31st. Entegris’s payout ratio is presently 7.22%.

ENTG has been the subject of a number of recent research reports. Needham & Company LLC restated a “buy” rating and issued a $35.00 target price on shares of Entegris in a research note on Friday, October 27th. Loop Capital started coverage on Entegris in a research report on Thursday, September 28th. They issued a “buy” rating and a $35.00 price target on the stock. Dougherty & Co upped their price target on Entegris from $33.00 to $36.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Zacks Investment Research cut Entegris from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Finally, ValuEngine cut Entegris from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Five investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $32.10.

In other news, COO Todd James Edlund sold 5,954 shares of the stock in a transaction on Monday, November 6th. The stock was sold at an average price of $32.32, for a total transaction of $192,433.28. Following the sale, the chief operating officer now owns 143,774 shares in the company, valued at $4,646,775.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Corey Rucci sold 3,528 shares of the stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $32.68, for a total value of $115,295.04. Following the sale, the vice president now owns 22,436 shares in the company, valued at approximately $733,208.48. The disclosure for this sale can be found here. Insiders have sold 13,296 shares of company stock worth $425,962 in the last 90 days. Company insiders own 1.50% of the company’s stock.

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Entegris Profile

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).

Institutional Ownership by Quarter for Entegris (NASDAQ:ENTG)

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