Entegris, Inc. (NASDAQ:ENTG) Stake Raised by RGM Capital LLC

RGM Capital LLC raised its holdings in Entegris, Inc. (NASDAQ:ENTG) by 76.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,050,037 shares of the semiconductor company’s stock after buying an additional 454,853 shares during the period. Entegris makes up approximately 5.1% of RGM Capital LLC’s portfolio, making the stock its 10th largest position. RGM Capital LLC owned 0.70% of Entegris worth $118,161,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Advisors Asset Management Inc. increased its holdings in Entegris by 21.4% during the 1st quarter. Advisors Asset Management Inc. now owns 838 shares of the semiconductor company’s stock worth $118,000 after purchasing an additional 148 shares during the period. B. Riley Wealth Advisors Inc. lifted its stake in Entegris by 108.1% in the first quarter. B. Riley Wealth Advisors Inc. now owns 6,753 shares of the semiconductor company’s stock worth $949,000 after acquiring an additional 3,508 shares during the last quarter. California State Teachers Retirement System grew its holdings in Entegris by 0.8% during the 1st quarter. California State Teachers Retirement System now owns 232,306 shares of the semiconductor company’s stock worth $32,648,000 after acquiring an additional 1,869 shares in the last quarter. Tidal Investments LLC increased its position in shares of Entegris by 116.1% in the 1st quarter. Tidal Investments LLC now owns 13,772 shares of the semiconductor company’s stock valued at $1,936,000 after purchasing an additional 7,400 shares during the last quarter. Finally, Comerica Bank increased its position in shares of Entegris by 3.2% in the 1st quarter. Comerica Bank now owns 17,240 shares of the semiconductor company’s stock valued at $2,423,000 after purchasing an additional 541 shares during the last quarter.

Entegris Stock Performance

NASDAQ ENTG traded down $1.18 during trading hours on Wednesday, hitting $104.34. 1,165 shares of the stock were exchanged, compared to its average volume of 1,707,142. Entegris, Inc. has a 12-month low of $94.92 and a 12-month high of $147.57. The stock has a 50-day moving average of $107.05 and a 200 day moving average of $118.41. The company has a market cap of $15.76 billion, a price-to-earnings ratio of 69.88, a price-to-earnings-growth ratio of 1.78 and a beta of 1.24. The company has a quick ratio of 1.83, a current ratio of 2.92 and a debt-to-equity ratio of 1.14.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.01). Entegris had a net margin of 7.13% and a return on equity of 12.24%. The business had revenue of $807.70 million during the quarter, compared to analyst estimates of $832.44 million. During the same period in the prior year, the business earned $0.68 earnings per share. The firm’s quarterly revenue was down 9.1% compared to the same quarter last year. As a group, equities research analysts forecast that Entegris, Inc. will post 2.99 earnings per share for the current year.

Entegris Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, October 30th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.38%. The ex-dividend date of this dividend was Wednesday, October 30th. Entegris’s dividend payout ratio (DPR) is 26.49%.

Wall Street Analyst Weigh In

ENTG has been the subject of a number of analyst reports. Craig Hallum lowered their target price on shares of Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. UBS Group cut their target price on Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Citigroup lowered their price target on Entegris from $130.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. BMO Capital Markets cut their price objective on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $150.00 price target on shares of Entegris in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.40.

About Entegris

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).