Montanaro Asset Management Ltd Has $4.79 Million Position in Entegris, Inc. $ENTG

Montanaro Asset Management Ltd boosted its holdings in Entegris, Inc. (NASDAQ:ENTG) by 6.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 59,400 shares of the semiconductor company’s stock after buying an additional 3,820 shares during the period. Entegris makes up about 1.2% of Montanaro Asset Management Ltd’s investment portfolio, making the stock its 28th biggest position. Montanaro Asset Management Ltd’s holdings in Entegris were worth $4,791,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. South Dakota Investment Council acquired a new position in Entegris in the second quarter valued at approximately $1,345,000. State of Michigan Retirement System lifted its holdings in Entegris by 0.6% in the second quarter. State of Michigan Retirement System now owns 36,400 shares of the semiconductor company’s stock valued at $2,936,000 after buying an additional 200 shares during the period. Tredje AP fonden lifted its holdings in Entegris by 65.3% in the second quarter. Tredje AP fonden now owns 19,333 shares of the semiconductor company’s stock valued at $1,559,000 after buying an additional 7,634 shares during the period. Gilbert & Cook Inc. lifted its holdings in Entegris by 18.6% in the second quarter. Gilbert & Cook Inc. now owns 4,420 shares of the semiconductor company’s stock valued at $356,000 after buying an additional 694 shares during the period. Finally, Strs Ohio raised its holdings in Entegris by 5.8% in the second quarter. Strs Ohio now owns 65,568 shares of the semiconductor company’s stock worth $5,288,000 after purchasing an additional 3,583 shares during the period.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Zacks Research upgraded shares of Entegris from a “strong sell” rating to a “hold” rating in a report on Friday, October 3rd. Oppenheimer assumed coverage on shares of Entegris in a report on Thursday, September 4th. They issued a “market perform” rating and a $95.00 target price on the stock. Mizuho increased their target price on shares of Entegris from $100.00 to $108.00 and gave the stock an “outperform” rating in a report on Friday, October 3rd. UBS Group cut their target price on shares of Entegris from $95.00 to $90.00 and set a “neutral” rating on the stock in a report on Thursday, July 31st. Finally, KeyCorp reiterated an “overweight” rating and issued a $103.00 target price (down from $112.00) on shares of Entegris in a report on Thursday, July 31st. Seven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Entegris currently has an average rating of “Moderate Buy” and a consensus target price of $106.30.

Insiders Place Their Bets

In related news, SVP Susan G. Rice sold 8,858 shares of the firm’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $79.84, for a total value of $707,222.72. Following the completion of the transaction, the senior vice president owned 56,912 shares of the company’s stock, valued at approximately $4,543,854.08. This trade represents a 13.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.67% of the company’s stock.

Entegris Stock Up 4.7%

Shares of ENTG stock opened at $91.57 on Monday. The firm has a fifty day moving average of $89.88 and a 200-day moving average of $83.13. The company has a quick ratio of 1.95, a current ratio of 3.30 and a debt-to-equity ratio of 1.04. Entegris, Inc. has a 12-month low of $60.75 and a 12-month high of $112.36. The company has a market capitalization of $13.88 billion, a price-to-earnings ratio of 47.20 and a beta of 1.38.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings data on Wednesday, July 6th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter. Entegris had a net margin of 9.17% and a return on equity of 12.05%. The company had revenue of $512.84 million during the quarter. As a group, equities research analysts predict that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 19th. Stockholders of record on Wednesday, October 29th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, October 29th. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. Entegris’s dividend payout ratio is currently 21.16%.

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).