BNP Paribas Arbitrage SA boosted its position in shares of Entegris, Inc. (NASDAQ:ENTG – Get Rating) by 9.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 300,413 shares of the semiconductor company’s stock after purchasing an additional 26,883 shares during the quarter. BNP Paribas Arbitrage SA owned about 0.20% of Entegris worth $27,677,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Dorsey & Whitney Trust CO LLC boosted its stake in shares of Entegris by 175.7% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 18,141 shares of the semiconductor company’s stock worth $1,672,000 after buying an additional 11,561 shares during the last quarter. Congress Wealth Management LLC DE lifted its position in Entegris by 1.3% during the second quarter. Congress Wealth Management LLC DE now owns 185,095 shares of the semiconductor company’s stock valued at $17,053,000 after purchasing an additional 2,383 shares in the last quarter. Franklin Resources Inc. lifted its position in Entegris by 0.8% during the second quarter. Franklin Resources Inc. now owns 1,565,063 shares of the semiconductor company’s stock valued at $144,189,000 after purchasing an additional 12,502 shares in the last quarter. Rhumbline Advisers increased its stake in Entegris by 9.0% during the second quarter. Rhumbline Advisers now owns 139,416 shares of the semiconductor company’s stock worth $12,844,000 after acquiring an additional 11,541 shares during the last quarter. Finally, AlphaCrest Capital Management LLC increased its stake in Entegris by 27.5% during the second quarter. AlphaCrest Capital Management LLC now owns 2,390 shares of the semiconductor company’s stock worth $220,000 after acquiring an additional 515 shares during the last quarter. 91.77% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on ENTG shares. UBS Group reduced their price objective on Entegris from $125.00 to $120.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 3rd. Seaport Res Ptn lowered Entegris from a “buy” rating to a “neutral” rating in a research report on Thursday, October 13th. Mizuho dropped their target price on Entegris from $148.00 to $112.00 and set a “buy” rating for the company in a research report on Thursday, November 3rd. TheStreet lowered Entegris from a “b-” rating to a “c” rating in a research report on Wednesday, November 2nd. Finally, Stifel Nicolaus boosted their target price on Entegris from $186.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, August 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Entegris has an average rating of “Moderate Buy” and a consensus price target of $122.45.
Entegris Stock Performance
Entegris Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 23rd. Investors of record on Wednesday, November 2nd were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend was Tuesday, November 1st. Entegris’s dividend payout ratio (DPR) is 19.80%.
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: Specialty Chemicals and Engineered Materials (SCEM); Microcontamination Control (MC); and Advanced Materials Handling (AMH).
- Get a free copy of the StockNews.com research report on Entegris (ENTG)
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