Entegris, Inc. (NASDAQ:ENTG) Shares Bought by Bank of Montreal Can

Bank of Montreal Can lifted its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 42.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 108,717 shares of the semiconductor company’s stock after buying an additional 32,439 shares during the quarter. Bank of Montreal Can’s holdings in Entegris were worth $12,487,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Diversified Trust Co acquired a new position in shares of Entegris in the second quarter worth $851,000. Cetera Investment Advisers raised its stake in Entegris by 128.0% in the 1st quarter. Cetera Investment Advisers now owns 20,387 shares of the semiconductor company’s stock valued at $2,865,000 after purchasing an additional 11,444 shares during the last quarter. Swedbank AB lifted its holdings in Entegris by 520.3% in the 2nd quarter. Swedbank AB now owns 300,361 shares of the semiconductor company’s stock valued at $40,669,000 after purchasing an additional 251,938 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Entegris by 124.6% during the 2nd quarter. SG Americas Securities LLC now owns 14,563 shares of the semiconductor company’s stock worth $1,972,000 after purchasing an additional 8,079 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Entegris by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,065,812 shares of the semiconductor company’s stock worth $119,936,000 after buying an additional 14,650 shares in the last quarter.

Entegris Price Performance

ENTG opened at $105.63 on Monday. Entegris, Inc. has a 52-week low of $94.92 and a 52-week high of $147.57. The company has a 50 day moving average of $106.52 and a two-hundred day moving average of $117.79. The company has a market cap of $15.95 billion, a P/E ratio of 69.95, a P/E/G ratio of 1.74 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 announced its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.01). The company had revenue of $807.70 million during the quarter, compared to analyst estimates of $832.44 million. Entegris had a net margin of 7.13% and a return on equity of 12.24%. The firm’s revenue for the quarter was down 9.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.68 earnings per share. On average, analysts expect that Entegris, Inc. will post 2.99 earnings per share for the current year.

Entegris Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. BMO Capital Markets decreased 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. KeyCorp lowered their price objective on Entegris from $164.00 to $154.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft reduced their target price on Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Mizuho lowered their price target on Entegris from $143.00 to $125.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. Finally, Citigroup cut their price objective on shares of Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Entegris presently has an average 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).