Entegris, Inc. $ENTG Shares Purchased by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. increased its stake in Entegris, Inc. (NASDAQ:ENTG) by 17.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,581 shares of the semiconductor company’s stock after purchasing an additional 4,896 shares during the period. Rakuten Investment Management Inc.’s holdings in Entegris were worth $5,197,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Ancora Advisors LLC bought a new stake in shares of Entegris in the second quarter valued at about $31,000. Transamerica Financial Advisors LLC bought a new position in shares of Entegris during the 2nd quarter worth approximately $32,000. Boit C F David bought a new position in shares of Entegris during the 3rd quarter worth approximately $32,000. Millstone Evans Group LLC grew its stake in shares of Entegris by 191.3% during the 1st quarter. Millstone Evans Group LLC now owns 268 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 176 shares in the last quarter. Finally, SBI Securities Co. Ltd. raised its holdings in shares of Entegris by 51.1% in the third quarter. SBI Securities Co. Ltd. now owns 278 shares of the semiconductor company’s stock valued at $43,000 after purchasing an additional 94 shares during the last quarter.

Insiders Place Their Bets

In other news, SVP Susan G. Rice sold 2,062 shares of Entegris stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $149.52, for a total value of $308,310.24. Following the completion of the transaction, the senior vice president owned 66,976 shares of the company’s stock, valued at $10,014,251.52. This trade represents a 2.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Joseph Colella sold 3,916 shares of Entegris stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $164.48, for a total transaction of $644,103.68. Following the completion of the transaction, the senior vice president directly owned 50,297 shares of the company’s stock, valued at approximately $8,272,850.56. This trade represents a 7.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 7,978 shares of company stock valued at $1,273,734. 0.53% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ENTG. Citigroup boosted their price objective on shares of Entegris from $195.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, October 30th. UBS Group raised their target price on shares of Entegris from $205.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, October 30th. The Goldman Sachs Group lifted their price target on shares of Entegris from $120.00 to $135.00 and gave the company a “sell” rating in a research note on Friday, October 30th. Truist Financial boosted their price target on shares of Entegris from $190.00 to $199.00 and gave the stock a “buy” rating in a research report on Friday, October 30th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Entegris from a “hold” rating to a “buy” rating and increased their price objective for the stock from $152.00 to $200.00 in a research note on Wednesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $187.17.

Entegris Stock Up 2.6%

Shares of NASDAQ:ENTG traded up $3.23 during trading on Friday, hitting $127.98. 4,659,347 shares of the company were exchanged, compared to its average volume of 3,057,115. Entegris, Inc. has a fifty-two week low of $67.97 and a fifty-two week high of $186.94. The stock has a market cap of $19.56 billion, a price-to-earnings ratio of 49.99, a P/E/G ratio of 1.21 and a beta of 1.39. The company has a current ratio of 2.66, a quick ratio of 1.59 and a debt-to-equity ratio of 0.75. The firm has a fifty day moving average price of $146.15 and a two-hundred day moving average price of $138.59.

Entegris (NASDAQ:ENTG) last released its quarterly earnings data on Thursday, October 29th. The semiconductor company reported $1.23 EPS for the quarter, beating the consensus estimate of $1.03 by $0.20. Entegris had a return on equity of 13.86% and a net margin of 11.14%. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $925.35 million. During the same quarter in the prior year, the firm posted $0.72 EPS. The firm’s revenue for the quarter was up 24.6% compared to the same quarter last year. As a group, research analysts anticipate that Entegris, Inc. will post 4.38 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 18th. Shareholders of record on Wednesday, October 28th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Wednesday, October 28th. Entegris’s dividend payout ratio is 15.62%.

Entegris Company Profile

Entegris, Inc is a materials science and process technology company that supplies products and solutions used in the manufacture of semiconductors and other advanced technology products. Its offerings help chipmakers manage contamination, handle sensitive materials, and improve process control across the semiconductor production cycle.

The company’s products include specialty chemicals and gases, filtration and purification systems, wafer and substrate handling products, fluid-management components, and advanced materials used in semiconductor fabrication.