Hoese & Co LLP Buys Shares of 550 Entegris, Inc. $ENTG

Hoese & Co LLP bought a new stake in Entegris, Inc. (NASDAQ:ENTG) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 550 shares of the semiconductor company’s stock, valued at approximately $44,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ENTG. Vanguard Group Inc. boosted its position in shares of Entegris by 2.3% during the first quarter. Vanguard Group Inc. now owns 15,553,199 shares of the semiconductor company’s stock worth $1,360,594,000 after buying an additional 351,053 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Entegris by 21.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,555,677 shares of the semiconductor company’s stock valued at $1,185,852,000 after acquiring an additional 2,361,065 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Entegris by 235.8% during the 1st quarter. Principal Financial Group Inc. now owns 5,014,198 shares of the semiconductor company’s stock valued at $438,642,000 after acquiring an additional 3,520,997 shares during the last quarter. Select Equity Group L.P. lifted its position in shares of Entegris by 6.9% during the 1st quarter. Select Equity Group L.P. now owns 4,074,232 shares of the semiconductor company’s stock valued at $356,414,000 after acquiring an additional 263,168 shares during the last quarter. Finally, Durable Capital Partners LP lifted its position in shares of Entegris by 43.3% during the 1st quarter. Durable Capital Partners LP now owns 2,914,417 shares of the semiconductor company’s stock valued at $254,953,000 after acquiring an additional 881,198 shares during the last quarter.

Entegris Stock Up 0.4%

Shares of ENTG opened at $90.94 on Friday. The stock has a market cap of $13.79 billion, a price-to-earnings ratio of 46.88 and a beta of 1.38. The company has a quick ratio of 1.95, a current ratio of 3.30 and a debt-to-equity ratio of 1.04. Entegris, Inc. has a 12 month low of $60.75 and a 12 month high of $112.36. The company has a 50-day moving average price of $87.40 and a two-hundred day moving average price of $81.46.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Wednesday, July 6th. The semiconductor company reported $0.70 EPS for the quarter. The firm had revenue of $512.84 million during the quarter. Entegris had a net margin of 9.17% and a return on equity of 12.05%. Equities analysts predict that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 19th. Stockholders of record on Wednesday, October 29th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, October 29th. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. Entegris’s dividend payout ratio (DPR) is presently 20.62%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ENTG. The Goldman Sachs Group began coverage on Entegris in a report on Thursday, July 10th. They issued a “neutral” rating and a $85.00 target price for the company. Mizuho upped their price objective on shares of Entegris from $100.00 to $108.00 and gave the stock an “outperform” rating in a report on Friday, October 3rd. Zacks Research upgraded shares of Entegris from a “strong sell” rating to a “hold” rating in a report on Friday, October 3rd. Wall Street Zen upgraded shares of Entegris from a “sell” rating to a “hold” rating in a report on Friday, October 3rd. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Entegris in a report on Wednesday, October 8th. Seven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Entegris has an average rating of “Moderate Buy” and a consensus price target of $106.30.

Insider Buying and Selling at Entegris

In related news, SVP Susan G. Rice sold 8,858 shares of the firm’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $79.84, for a total value of $707,222.72. Following the completion of the sale, the senior vice president owned 56,912 shares of the company’s stock, valued at $4,543,854.08. This trade represents a 13.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.67% of the stock is currently owned by corporate insiders.

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).