Xponance Inc. Reduces Holdings in Entegris, Inc. (NASDAQ:ENTG)

Posted by on Sep 30th, 2023

Xponance Inc. decreased its position in shares of Entegris, Inc. (NASDAQ:ENTG – Free Report) by 69.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,104 shares of the semiconductor company’s stock after selling 14,140 shares during the quarter. Xponance Inc.’s holdings in Entegris were worth $676,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in ENTG. American Century Companies Inc. grew its holdings in shares of Entegris by 11.1% during the first quarter. American Century Companies Inc. now owns 9,715 shares of the semiconductor company’s stock worth $1,275,000 after buying an additional 974 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Entegris by 73.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,866 shares of the semiconductor company’s stock worth $376,000 after buying an additional 1,213 shares during the last quarter. MetLife Investment Management LLC purchased a new position in shares of Entegris during the first quarter worth about $1,144,000. Great West Life Assurance Co. Can grew its holdings in shares of Entegris by 43.3% during the first quarter. Great West Life Assurance Co. Can now owns 48,049 shares of the semiconductor company’s stock worth $6,657,000 after buying an additional 14,527 shares during the last quarter. Finally, Vontobel Holding Ltd. grew its holdings in shares of Entegris by 187.4% during the first quarter. Vontobel Holding Ltd. now owns 7,653 shares of the semiconductor company’s stock worth $1,037,000 after buying an additional 4,990 shares during the last quarter.

Entegris Price Performance

ENTG stock opened at $93.91 on Friday. The firm has a 50 day moving average of $98.00 and a 200-day moving average of $94.39. Entegris, Inc. has a 12-month low of $61.75 and a 12-month high of $114.47. The company has a current ratio of 4.59, a quick ratio of 3.45 and a debt-to-equity ratio of 1.64. The company has a market cap of $14.10 billion, a price-to-earnings ratio of 156.52, a PEG ratio of 3.92 and a beta of 1.26.

Entegris (NASDAQ:ENTG – Get Free Report) last posted its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.09. Entegris had a net margin of 2.48% and a return on equity of 13.99%. The company had revenue of $901.00 million during the quarter, compared to the consensus estimate of $886.80 million. During the same period last year, the firm earned $1.00 EPS. The company’s revenue for the quarter was up 30.1% on a year-over-year basis. As a group, equities analysts expect that Entegris, Inc. will post 2.6 EPS for the current fiscal year.

Entegris Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 23rd. Investors of record on Wednesday, August 2nd were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, August 1st. This represents a $0.40 annualized dividend and a dividend yield of 0.43%. Entegris’s dividend payout ratio is currently 66.67%.

Analysts Set New Price Targets

ENTG has been the topic of a number of research reports. BMO Capital Markets began coverage on Entegris in a report on Tuesday, June 20th. They set an “outperform” rating and a $129.00 price target on the stock. Craig Hallum lowered Entegris from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 price objective on shares of Entegris in a report on Friday, August 4th. Mizuho lifted their price objective on Entegris from $98.00 to $113.00 and gave the company a “buy” rating in a report on Friday, August 4th. Finally, StockNews.com began coverage on Entegris in a report on Thursday, August 17th. They issued a “sell” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $107.40.

View Our Latest Research Report on ENTG

Insider Buying and Selling

In related news, SVP James Anthony O’neill sold 1,918 shares of Entegris stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $95.00, for a total transaction of $182,210.00. Following the completion of the transaction, the senior vice president now directly owns 13,670 shares in the company, valued at approximately $1,298,650. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.81% of the company’s stock.

Entegris Company Profile

(Free Report)

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 four segments: Specialty Chemicals and Engineered Materials (SCEM); Microcontamination Control (MC); The Advanced Planarization Solutions (APS); and Advanced Materials Handling (AMH).

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Institutional Ownership by Quarter for Entegris (NASDAQ:ENTG)

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