Entegris, Inc. (NASDAQ:ENTG) Shares Acquired by Nordea Investment Management AB

Nordea Investment Management AB lifted its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 8.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,982 shares of the semiconductor company’s stock after buying an additional 910 shares during the quarter. Nordea Investment Management AB’s holdings in Entegris were worth $1,188,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. National Bank of Canada FI boosted its holdings in Entegris by 24.4% in the second quarter. National Bank of Canada FI now owns 704 shares of the semiconductor company’s stock valued at $94,000 after purchasing an additional 138 shares in the last quarter. Private Advisor Group LLC boosted its holdings in Entegris by 6.8% in the second quarter. Private Advisor Group LLC now owns 10,913 shares of the semiconductor company’s stock valued at $1,478,000 after purchasing an additional 692 shares in the last quarter. Acadian Asset Management LLC acquired a new position in Entegris in the second quarter valued at approximately $276,000. Choreo LLC acquired a new position in Entegris in the second quarter valued at approximately $323,000. Finally, Daiwa Securities Group Inc. boosted its holdings in Entegris by 2.7% in the second quarter. Daiwa Securities Group Inc. now owns 12,795 shares of the semiconductor company’s stock valued at $1,732,000 after purchasing an additional 342 shares in the last quarter.

Entegris Trading Down 0.8 %

NASDAQ:ENTG opened at $98.92 on Monday. The company has a market capitalization of $14.94 billion, a PE ratio of 65.51, a price-to-earnings-growth ratio of 1.76 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, Inc. has a 52-week low of $94.92 and a 52-week high of $147.57. The stock has a fifty day simple moving average of $103.72 and a 200-day simple moving average of $111.68.

Entegris (NASDAQ:ENTG) last released 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 firm had revenue of $807.70 million for the quarter, compared to analyst estimates of $832.44 million. Entegris had a return on equity of 12.24% and a net margin of 7.13%. The company’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same period last year, the firm earned $0.68 EPS. On average, equities research analysts expect that Entegris, Inc. will post 2.99 earnings per share for the current fiscal year.

Entegris Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on ENTG shares. Craig Hallum lowered their price target on Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. BMO Capital Markets decreased their price objective on Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. KeyCorp decreased their price objective on Entegris from $154.00 to $150.00 and set an “overweight” rating for the company in a report on Friday. Citigroup decreased their price objective on Entegris from $130.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Finally, Mizuho decreased their price objective on Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Entegris has an average rating of “Moderate Buy” and a consensus target price of $134.50.

Entegris Company 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).