Swiss National Bank Buys 32,300 Shares of Entegris, Inc. $ENTG

Swiss National Bank raised its stake in Entegris, Inc. (NASDAQ:ENTG) by 7.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 458,207 shares of the semiconductor company’s stock after buying an additional 32,300 shares during the period. Swiss National Bank owned 0.30% of Entegris worth $36,954,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its position in 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 worth $1,185,852,000 after acquiring an additional 2,361,065 shares during the last quarter. Durable Capital Partners LP raised its stake in shares of Entegris by 43.3% during the first 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. Goldman Sachs Group Inc. grew its stake in shares of Entegris by 40.4% in the first quarter. Goldman Sachs Group Inc. now owns 2,759,296 shares of the semiconductor company’s stock worth $241,383,000 after purchasing an additional 794,222 shares during the last quarter. Westfield Capital Management Co. LP acquired a new stake in Entegris in the second quarter valued at $44,010,000. Finally, Findlay Park Partners LLP bought a new position in Entegris during the 1st quarter worth $44,877,000.

Entegris Stock Up 0.4%

Shares of NASDAQ ENTG opened at $73.99 on Tuesday. The company has a quick ratio of 1.95, a current ratio of 3.30 and a debt-to-equity ratio of 1.04. The firm has a market cap of $11.22 billion, a PE ratio of 38.14 and a beta of 1.39. The company’s fifty day simple moving average is $88.98 and its 200 day simple moving average is $83.55. Entegris, Inc. has a 12-month low of $60.75 and a 12-month high of $112.36.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings results on Wednesday, July 6th. The semiconductor company reported $0.70 earnings per share 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%. As a group, sell-side analysts forecast that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 19th. Shareholders of record on Wednesday, October 29th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, October 29th. Entegris’s dividend payout ratio (DPR) is 21.16%.

Analyst Ratings Changes

ENTG has been the subject of several recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Entegris in a research note on Thursday, November 13th. Wall Street Zen upgraded shares of Entegris from a “sell” rating to a “hold” rating in a research report on Friday, October 3rd. Oppenheimer began coverage on shares of Entegris in a research report on Thursday, September 4th. They set a “market perform” rating and a $95.00 price objective for the company. Zacks Research lowered shares of Entegris from a “hold” rating to a “strong sell” rating in a report on Monday, November 3rd. Finally, UBS Group cut their price target on shares of Entegris from $95.00 to $90.00 and set a “neutral” rating on the stock in a research report on Thursday, July 31st. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $95.86.

Insider Activity at Entegris

In other news, SVP Olivier Blachier sold 488 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $77.43, for a total transaction of $37,785.84. Following the completion of the sale, the senior vice president owned 14,124 shares in the company, valued at $1,093,621.32. The trade was a 3.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Joseph Colella sold 3,577 shares of the stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $88.41, for a total value of $316,242.57. Following the completion of the transaction, the senior vice president owned 34,364 shares in the company, valued at approximately $3,038,121.24. This represents a 9.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.67% of the company’s stock.

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).