Entegris, Inc. (NASDAQ:ENTG) Shares Bought by MetLife Investment Management LLC

Posted by Defense World Staff on Mar 2nd, 2023

MetLife Investment Management LLC grew its holdings in Entegris, Inc. (NASDAQ:ENTG – Get Rating) by 9.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,208 shares of the semiconductor company’s stock after purchasing an additional 799 shares during the quarter. MetLife Investment Management LLC’s holdings in Entegris were worth $764,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of ENTG. Allianz Asset Management GmbH lifted its stake in Entegris by 181.0% in the 3rd quarter. Allianz Asset Management GmbH now owns 1,091,210 shares of the semiconductor company’s stock worth $90,592,000 after purchasing an additional 702,816 shares in the last quarter. Cantillon Capital Management LLC lifted its stake in Entegris by 22.7% in the 3rd quarter. Cantillon Capital Management LLC now owns 2,556,644 shares of the semiconductor company’s stock worth $212,253,000 after purchasing an additional 472,922 shares in the last quarter. Sands Capital Management LLC lifted its stake in Entegris by 9.5% in the 3rd quarter. Sands Capital Management LLC now owns 5,206,311 shares of the semiconductor company’s stock worth $432,228,000 after purchasing an additional 452,103 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Entegris by 18.5% in the 2nd quarter. Goldman Sachs Group Inc. now owns 2,436,861 shares of the semiconductor company’s stock worth $224,508,000 after purchasing an additional 381,204 shares in the last quarter. Finally, WCM Investment Management LLC raised its position in shares of Entegris by 13.4% during the 3rd quarter. WCM Investment Management LLC now owns 3,210,513 shares of the semiconductor company’s stock valued at $282,044,000 after buying an additional 378,506 shares during the period. 98.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Citigroup reduced their price target on shares of Entegris from $145.00 to $92.00 and set a “buy” rating on the stock in a research report on Friday, November 4th. Credit Suisse Group reaffirmed an “outperform” rating and set a $95.00 price target on shares of Entegris in a research report on Wednesday, February 15th. Needham & Company LLC lifted their target price on shares of Entegris from $86.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, February 15th. Craig Hallum dropped their target price on shares of Entegris from $120.00 to $102.00 in a report on Thursday, November 3rd. Finally, KeyCorp lifted their target price on shares of Entegris from $93.00 to $105.00 and gave the company an “overweight” rating in a report on Wednesday, February 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Entegris presently has an average rating of “Moderate Buy” and a consensus price target of $108.40.

Insider Activity at Entegris

In other news, SVP Clinton M. Haris sold 11,344 shares of the company’s stock in a transaction dated Thursday, February 16th. The shares were sold at an average price of $87.39, for a total value of $991,352.16. Following the completion of the sale, the senior vice president now directly owns 41,290 shares of the company’s stock, valued at $3,608,333.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Gregory B. Graves sold 8,073 shares of the company’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $82.19, for a total value of $663,519.87. Following the completion of the sale, the chief financial officer now directly owns 19,703 shares of the company’s stock, valued at $1,619,389.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Clinton M. Haris sold 11,344 shares of the company’s stock in a transaction dated Thursday, February 16th. The shares were sold at an average price of $87.39, for a total transaction of $991,352.16. Following the completion of the sale, the senior vice president now directly owns 41,290 shares of the company’s stock, valued at $3,608,333.10. The disclosure for this sale can be found here. Insiders sold a total of 23,108 shares of company stock valued at $1,963,883 over the last ninety days. Insiders own 0.61% of the company’s stock.

Entegris Stock Performance

Shares of ENTG stock opened at $85.03 on Thursday. Entegris, Inc. has a 12 month low of $61.75 and a 12 month high of $141.82. The company has a market cap of $12.70 billion, a P/E ratio of 55.58 and a beta of 1.28. The company has a current ratio of 3.06, a quick ratio of 2.00 and a debt-to-equity ratio of 1.75. The firm has a fifty day moving average price of $78.22 and a 200 day moving average price of $81.02.

Entegris (NASDAQ:ENTG – Get Rating) last announced its quarterly earnings results on Tuesday, February 14th. The semiconductor company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.05. Entegris had a net margin of 6.37% and a return on equity of 21.22%. The firm had revenue of $946.07 million during the quarter, compared to analysts’ expectations of $949.14 million. During the same period in the previous year, the company earned $0.96 earnings per share. Entegris’s quarterly revenue was up 48.9% compared to the same quarter last year. Sell-side analysts predict that Entegris, Inc. will post 2.69 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 22nd. Investors of record on Wednesday, February 1st were given a $0.10 dividend. The ex-dividend date was Tuesday, January 31st. This represents a $0.40 dividend on an annualized basis and a yield of 0.47%. Entegris’s dividend payout ratio (DPR) is presently 26.14%.

About Entegris

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Entegris, Inc engages in the development, manufacture, and supply of specialty materials for the microelectronics industry. It operates through the following business segments: Specialty Chemicals and Engineered Materials (SCEM), Advanced Materials Handling (AMH), and Microcontamination Control (MC).