Argent Capital Management LLC Acquires 753 Shares of Entegris, Inc. (NASDAQ:ENTG)

Argent Capital Management LLC boosted its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 2.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,273 shares of the semiconductor company’s stock after buying an additional 753 shares during the quarter. Argent Capital Management LLC’s holdings in Entegris were worth $3,182,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. CANADA LIFE ASSURANCE Co boosted its stake in shares of Entegris by 161.1% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 107,677 shares of the semiconductor company’s stock worth $15,135,000 after acquiring an additional 66,437 shares in the last quarter. BNP Paribas acquired a new position in Entegris during the first quarter valued at approximately $1,647,000. Diversified Trust Co bought a new position in shares of Entegris in the second quarter valued at approximately $851,000. Cetera Investment Advisers boosted its holdings in shares of Entegris by 128.0% during the 1st quarter. Cetera Investment Advisers now owns 20,387 shares of the semiconductor company’s stock worth $2,865,000 after buying an additional 11,444 shares during the period. Finally, SG Americas Securities LLC grew its stake in Entegris by 272.2% in the 1st quarter. SG Americas Securities LLC now owns 6,484 shares of the semiconductor company’s stock valued at $911,000 after buying an additional 4,742 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ENTG shares. Needham & Company LLC reissued a “buy” rating and set a $150.00 target price on shares of Entegris in a research report on Thursday, August 1st. Mizuho raised Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 price objective for the company in a research report on Thursday, August 1st. Citigroup raised Entegris from a “neutral” rating to a “buy” rating and raised their target price for the company from $119.00 to $130.00 in a report on Monday, September 16th. Deutsche Bank Aktiengesellschaft cut their price target on Entegris from $160.00 to $145.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Finally, BMO Capital Markets lowered their price objective on shares of Entegris from $160.00 to $145.00 and set an “outperform” rating on the stock in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $146.40.

Entegris Stock Performance

ENTG stock traded up $0.15 during midday trading on Thursday, hitting $103.39. The stock had a trading volume of 219,087 shares, compared to its average volume of 1,618,632. Entegris, Inc. has a 52 week low of $84.13 and a 52 week high of $147.57. The company has a current ratio of 3.58, a quick ratio of 2.14 and a debt-to-equity ratio of 1.18. The stock has a 50-day simple moving average of $110.45 and a 200 day simple moving average of $122.77. The firm has a market capitalization of $15.59 billion, a price-to-earnings ratio of 49.63, a P/E/G ratio of 1.48 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last released its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.01. The company had revenue of $812.60 million during the quarter, compared to the consensus estimate of $802.43 million. Entegris had a net margin of 5.61% and a return on equity of 12.03%. The firm’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same period last year, the firm earned $0.66 EPS. As a group, equities research analysts anticipate that Entegris, Inc. will post 3.13 earnings per share for the current year.

Entegris Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.39%. Entegris’s payout ratio is presently 19.23%.

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).