Swedbank AB Purchases 500,581 Shares of Entegris, Inc. (NASDAQ:ENTG)

Swedbank AB raised its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 47.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,550,942 shares of the semiconductor company’s stock after acquiring an additional 500,581 shares during the quarter. Swedbank AB owned approximately 1.03% of Entegris worth $153,636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Bridges Investment Management Inc. raised its stake in shares of Entegris by 3.6% in the 3rd quarter. Bridges Investment Management Inc. now owns 2,829 shares of the semiconductor company’s stock valued at $318,000 after acquiring an additional 98 shares during the period. GAMMA Investing LLC grew its position in shares of Entegris by 7.5% during the third quarter. GAMMA Investing LLC now owns 1,612 shares of the semiconductor company’s stock worth $181,000 after acquiring an additional 113 shares during the last quarter. Angeles Investment Advisors LLC increased its stake in Entegris by 4.1% in the 3rd quarter. Angeles Investment Advisors LLC now owns 3,230 shares of the semiconductor company’s stock valued at $363,000 after buying an additional 127 shares during the period. Huntington National Bank raised its stake in shares of Entegris by 41.0% during the 3rd quarter. Huntington National Bank now owns 454 shares of the semiconductor company’s stock worth $51,000 after buying an additional 132 shares in the last quarter. Finally, Equitable Trust Co. lifted its stake in shares of Entegris by 2.2% in the third quarter. Equitable Trust Co. now owns 6,501 shares of the semiconductor company’s stock valued at $732,000 after purchasing an additional 138 shares during the period.

Entegris Stock Down 0.0 %

Shares of ENTG stock traded down $0.01 on Wednesday, reaching $97.25. 159,023 shares of the company were exchanged, compared to its average volume of 2,309,982. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.92 and a quick ratio of 1.83. Entegris, Inc. has a one year low of $94.92 and a one year high of $147.57. The company has a 50-day moving average of $103.74 and a 200-day moving average of $108.63. The company has a market cap of $14.68 billion, a price-to-earnings ratio of 64.39, a PEG ratio of 1.46 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last released its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). Entegris had a net margin of 7.13% and a return on equity of 12.24%. The company had revenue of $807.70 million during the quarter, compared to analysts’ expectations of $832.44 million. During the same period in the previous year, the company posted $0.68 earnings per share. The company’s quarterly revenue was down 9.1% compared to the same quarter last year. Analysts anticipate that Entegris, Inc. will post 2.94 earnings per share for the current year.

Entegris Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.41%. Entegris’s dividend payout ratio (DPR) is 26.49%.

Analyst Ratings Changes

A number of research analysts have commented on the company. KeyCorp reduced their price objective on Entegris from $154.00 to $150.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th. UBS Group reduced their price objective on Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Mizuho reduced their price target on Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Citigroup decreased their price target on shares of Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Finally, BMO Capital Markets reduced their target price on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. One equities 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. According to MarketBeat, Entegris presently has a consensus rating of “Moderate Buy” and an average target price of $134.50.

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).