Guinness Asset Management LTD Acquires 1,002 Shares of Entegris, Inc. (NASDAQ:ENTG)

Guinness Asset Management LTD increased its holdings in Entegris, Inc. (NASDAQ:ENTG) by 24.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,079 shares of the semiconductor company’s stock after purchasing an additional 1,002 shares during the period. Guinness Asset Management LTD’s holdings in Entegris were worth $503,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quarry LP purchased a new position in shares of Entegris in the second quarter worth $27,000. Capital Performance Advisors LLP bought a new stake in Entegris in the 3rd quarter valued at $29,000. Blue Trust Inc. lifted its stake in Entegris by 221.3% in the 3rd quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 239 shares in the last quarter. Fortitude Family Office LLC lifted its stake in Entegris by 195.7% in the 4th quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 274 shares in the last quarter. Finally, Covestor Ltd boosted its holdings in shares of Entegris by 241.8% during the 3rd quarter. Covestor Ltd now owns 417 shares of the semiconductor company’s stock valued at $47,000 after purchasing an additional 295 shares during the last quarter.

Entegris Price Performance

ENTG stock opened at $106.38 on Monday. The stock has a market cap of $16.06 billion, a PE ratio of 70.45, a P/E/G ratio of 1.33 and a beta of 1.24. Entegris, Inc. has a 12 month low of $94.92 and a 12 month high of $147.57. The company has a 50-day moving average price of $103.49 and a 200 day moving average price of $110.49. The company has a current ratio of 2.92, a quick ratio of 1.83 and a debt-to-equity ratio of 1.14.

Entegris (NASDAQ:ENTG) last announced its earnings results 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 net margin of 7.13% and a return on equity of 12.24%. The business had revenue of $807.70 million for the quarter, compared to analysts’ expectations of $832.44 million. During the same quarter last year, the firm earned $0.68 EPS. The firm’s quarterly revenue was down 9.1% on a year-over-year basis. Equities research analysts anticipate that Entegris, Inc. will post 2.95 earnings per share for the current year.

Entegris Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $0.40 annualized dividend and a dividend yield of 0.38%. Entegris’s dividend payout ratio (DPR) is 26.49%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Citigroup decreased their target price on Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. UBS Group lowered their target price on Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a research report 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 on the stock in a research report on Tuesday, November 5th. Mizuho lowered their price objective on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Finally, KeyCorp reduced their target price on shares of Entegris from $154.00 to $150.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $134.50.

Entegris Profile

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).