American Century Companies Inc. decreased its position in Entegris Inc (NASDAQ:ENTG) by 60.2% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 228,417 shares of the semiconductor company’s stock after selling 345,897 shares during the period. American Century Companies Inc. owned about 0.16% of Entegris worth $6,613,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in the business. Eagle Asset Management Inc. lifted its position in Entegris by 14.5% in the 2nd quarter. Eagle Asset Management Inc. now owns 2,707,416 shares of the semiconductor company’s stock worth $91,781,000 after buying an additional 343,038 shares in the last quarter. Carillon Tower Advisers Inc. lifted its position in Entegris by 30.1% in the 2nd quarter. Carillon Tower Advisers Inc. now owns 2,189,408 shares of the semiconductor company’s stock worth $74,221,000 after buying an additional 506,109 shares in the last quarter. Voya Investment Management LLC lifted its position in Entegris by 64.2% in the 2nd quarter. Voya Investment Management LLC now owns 1,991,716 shares of the semiconductor company’s stock worth $67,519,000 after buying an additional 779,064 shares in the last quarter. Northern Trust Corp lifted its position in Entegris by 2.1% in the 2nd quarter. Northern Trust Corp now owns 1,848,454 shares of the semiconductor company’s stock worth $62,662,000 after buying an additional 37,684 shares in the last quarter. Finally, Janus Henderson Group PLC purchased a new stake in Entegris in the 2nd quarter worth approximately $55,149,000. Institutional investors own 94.76% of the company’s stock.
Shares of Entegris stock opened at $27.28 on Friday. The company has a current ratio of 3.89, a quick ratio of 2.64 and a debt-to-equity ratio of 0.60. Entegris Inc has a twelve month low of $23.39 and a twelve month high of $39.55. The stock has a market cap of $3.85 billion, a PE ratio of 18.94 and a beta of 1.43.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 21st. Stockholders of record on Wednesday, October 31st were given a dividend of $0.07 per share. The ex-dividend date was Tuesday, October 30th. This represents a $0.28 annualized dividend and a dividend yield of 1.03%. Entegris’s dividend payout ratio (DPR) is currently 19.44%.
In other news, Director James Gentilcore sold 14,868 shares of Entegris stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $33.92, for a total transaction of $504,322.56. Following the sale, the director now directly owns 4,090 shares in the company, valued at approximately $138,732.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.20% of the stock is currently owned by insiders.
ENTG has been the subject of a number of research analyst reports. Deutsche Bank upgraded shares of Entegris from a “hold” rating to a “buy” rating and cut their target price for the stock from $40.00 to $38.00 in a research report on Monday, October 1st. BidaskClub downgraded shares of Entegris from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 9th. Zacks Investment Research downgraded shares of Entegris from a “buy” rating to a “hold” rating in a research report on Tuesday, September 18th. Goldman Sachs Group downgraded shares of Entegris from a “conviction-buy” rating to a “buy” rating in a research report on Wednesday, September 12th. Finally, Loop Capital set a $46.00 target price on shares of Entegris and gave the stock a “buy” rating in a research report on Saturday, July 28th. Three analysts have rated the stock with a sell rating and ten have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $41.60.
Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries worldwide. It operates through three segments: Specialty Chemicals and Engineered Materials (SCEM), Microcontamination Control (MC), and Advanced Materials Handling (AMH).
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