Entegris Inc (NASDAQ:ENTG) is GW&K Investment Management LLC’s 9th Largest Position

GW&K Investment Management LLC boosted its position in Entegris Inc (NASDAQ:ENTG) by 25.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,590,090 shares of the semiconductor company’s stock after buying an additional 325,003 shares during the quarter. Entegris makes up approximately 1.1% of GW&K Investment Management LLC’s portfolio, making the stock its 9th biggest position. GW&K Investment Management LLC’s holdings in Entegris were worth $74,830,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Monarch Partners Asset Management LLC purchased a new stake in Entegris in the third quarter worth approximately $1,753,000. First Trust Advisors LP boosted its stake in Entegris by 219.1% in the third quarter. First Trust Advisors LP now owns 568,813 shares of the semiconductor company’s stock worth $26,768,000 after buying an additional 390,578 shares in the last quarter. Cantillon Capital Management LLC purchased a new stake in Entegris in the third quarter worth approximately $100,740,000. Mackay Shields LLC purchased a new stake in Entegris in the third quarter worth approximately $16,212,000. Finally, Synovus Financial Corp boosted its stake in Entegris by 5,857.5% in the third quarter. Synovus Financial Corp now owns 13,583 shares of the semiconductor company’s stock worth $633,000 after buying an additional 13,355 shares in the last quarter.

In other news, SVP Clinton M. Haris sold 14,480 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $48.27, for a total value of $698,949.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP William James Shaner sold 24,294 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $44.33, for a total value of $1,076,953.02. Following the completion of the sale, the senior vice president now directly owns 25,536 shares in the company, valued at $1,132,010.88. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

Several analysts have issued reports on ENTG shares. Loop Capital upped their target price on Entegris to $51.00 and gave the stock a “market perform” rating in a research note on Friday, October 4th. They noted that the move was a valuation call. Citigroup set a $50.00 target price on Entegris and gave the stock a “hold” rating in a research note on Friday, October 25th. Deutsche Bank lowered Entegris from a “buy” rating to a “hold” rating in a research note on Sunday, October 6th. They noted that the move was a valuation call. Craig Hallum upped their target price on Entegris from $48.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Zacks Investment Research raised Entegris from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research note on Tuesday, October 8th. Five equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Entegris presently has a consensus rating of “Buy” and an average target price of $48.13.

ENTG stock traded up $0.12 during midday trading on Friday, hitting $47.75. The company had a trading volume of 561,100 shares, compared to its average volume of 1,471,998. The stock’s 50 day moving average price is $47.64 and its 200 day moving average price is $41.61. The company has a current ratio of 4.15, a quick ratio of 2.79 and a debt-to-equity ratio of 0.83. The stock has a market cap of $6.54 billion, a price-to-earnings ratio of 25.26 and a beta of 1.33. Entegris Inc has a 52 week low of $24.43 and a 52 week high of $50.15.

Entegris (NASDAQ:ENTG) last released its earnings results on Thursday, October 24th. The semiconductor company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. Entegris had a return on equity of 24.16% and a net margin of 17.77%. The firm had revenue of $394.10 million for the quarter, compared to analysts’ expectations of $392.09 million. During the same period in the prior year, the firm posted $0.46 earnings per share. The company’s quarterly revenue was down 1.1% on a year-over-year basis. Analysts predict that Entegris Inc will post 1.93 earnings per share for the current year.

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 paid a $0.08 dividend. The ex-dividend date is Tuesday, October 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.67%. Entegris’s dividend payout ratio is currently 16.93%.

About Entegris

Entegris, Inc develops, manufactures, and supplies micro contamination 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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Institutional Ownership by Quarter for Entegris (NASDAQ:ENTG)

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