Cipher Capital LP boosted its holdings in Entegris, Inc. (NASDAQ:ENTG) by 79.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,235 shares of the semiconductor company’s stock after purchasing an additional 32,939 shares during the quarter. Cipher Capital LP owned about 0.05% of Entegris worth $2,141,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in ENTG. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Entegris by 11.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,324 shares of the semiconductor company’s stock valued at $117,000 after purchasing an additional 533 shares during the last quarter. Seven Eight Capital LP purchased a new stake in Entegris in the 2nd quarter valued at $149,000. Reliance Trust Co. of Delaware purchased a new stake in Entegris in the 3rd quarter valued at $208,000. Balyasny Asset Management LLC purchased a new stake in Entegris in the 2nd quarter valued at $243,000. Finally, Teacher Retirement System of Texas raised its position in Entegris by 0.5% in the 2nd quarter. Teacher Retirement System of Texas now owns 11,271 shares of the semiconductor company’s stock valued at $247,000 after purchasing an additional 53 shares during the last quarter. Hedge funds and other institutional investors own 96.53% of the company’s stock.
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A number of brokerages have commented on ENTG. Zacks Investment Research upgraded shares of Entegris from a “hold” rating to a “strong-buy” rating and set a $30.00 price objective for the company in a research report on Monday, July 31st. BidaskClub upgraded shares of Entegris from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Loop Capital upped their price objective on shares of Entegris from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Dougherty & Co upped their price objective on shares of Entegris from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Finally, Citigroup Inc. upped their price objective on shares of Entegris from $29.00 to $34.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $32.10.
Entegris (NASDAQ:ENTG) last posted its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.06. Entegris had a net margin of 10.73% and a return on equity of 18.82%. The business had revenue of $345.60 million for the quarter, compared to analysts’ expectations of $334.30 million. During the same period in the prior year, the company posted $0.24 EPS. The business’s revenue for the quarter was up 16.5% on a year-over-year basis. equities analysts anticipate that Entegris, Inc. will post 1.37 EPS for the current year.
The business also recently declared a special dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 1st will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, October 31st. Entegris’s dividend payout ratio (DPR) is presently 7.22%.
In other news, VP Corey Rucci sold 15,000 shares of the company’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $26.25, for a total transaction of $393,750.00. Following the transaction, the vice president now directly owns 25,964 shares of the company’s stock, valued at approximately $681,555. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Stuart Tison sold 3,814 shares of the company’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $31.00, for a total transaction of $118,234.00. Following the transaction, the senior vice president now directly owns 81,943 shares in the company, valued at $2,540,233. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 31,796 shares of company stock worth $909,907. Corporate insiders own 1.50% of the company’s stock.
Entegris, Inc is a global developer, manufacturer and supplier of microcontamination control products, specialty chemicals and materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries. The Company operates in three business segments: Specialty Chemicals and Engineered Materials (SCEM), Advanced Materials Handling (AMH) and Microcontamination Control (MC).
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