BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Raises Stock Position in Entegris, Inc. (NASDAQ:ENTG)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 251.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 62,926 shares of the semiconductor company’s stock after acquiring an additional 44,998 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Entegris were worth $8,520,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its holdings in shares of Entegris by 7.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,085,147 shares of the semiconductor company’s stock worth $1,838,988,000 after purchasing an additional 916,420 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Entegris in the 2nd quarter worth about $42,087,000. American Century Companies Inc. lifted its position in Entegris by 20.2% during the 2nd quarter. American Century Companies Inc. now owns 1,523,824 shares of the semiconductor company’s stock valued at $206,326,000 after acquiring an additional 256,186 shares during the period. Swedbank AB boosted its stake in Entegris by 520.3% during the second quarter. Swedbank AB now owns 300,361 shares of the semiconductor company’s stock worth $40,669,000 after acquiring an additional 251,938 shares in the last quarter. Finally, Norden Group LLC grew its holdings in Entegris by 2,200.1% in the first quarter. Norden Group LLC now owns 224,260 shares of the semiconductor company’s stock worth $31,518,000 after purchasing an additional 214,510 shares during the period.

Entegris Trading Down 0.8 %

Shares of Entegris stock opened at $111.36 on Thursday. Entegris, Inc. has a fifty-two week low of $84.13 and a fifty-two week high of $147.57. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.14 and a current ratio of 3.58. The company has a fifty day moving average of $113.27 and a 200 day moving average of $127.02. The company has a market capitalization of $16.81 billion, a P/E ratio of 53.54, a P/E/G ratio of 1.50 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last released its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.01. The business had revenue of $812.60 million during the quarter, compared to analysts’ expectations of $802.43 million. Entegris had a return on equity of 12.03% and a net margin of 5.61%. The firm’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.66 EPS. On average, sell-side analysts anticipate that Entegris, Inc. will post 3.14 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Wednesday, July 31st were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date of this dividend was Wednesday, July 31st. Entegris’s payout ratio is 19.23%.

Insider Buying and Selling at Entegris

In other Entegris news, insider Daniel D. Woodland sold 15,000 shares of the company’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $140.00, for a total value of $2,100,000.00. Following the transaction, the insider now owns 37,457 shares of the company’s stock, valued at approximately $5,243,980. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Bertrand Loy sold 27,044 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $140.63, for a total value of $3,803,197.72. Following the completion of the sale, the chief executive officer now directly owns 263,068 shares of the company’s stock, valued at $36,995,252.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Daniel D. Woodland sold 15,000 shares of the stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $140.00, for a total transaction of $2,100,000.00. Following the transaction, the insider now owns 37,457 shares in the company, valued at $5,243,980. The disclosure for this sale can be found here. Insiders sold 57,044 shares of company stock worth $8,078,198 over the last 90 days. 0.67% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ENTG shares. Needham & Company LLC reiterated a “buy” rating and set a $150.00 target price on shares of Entegris in a report on Thursday, August 1st. Mizuho raised shares of Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 price objective for the company in a report on Thursday, August 1st. BMO Capital Markets reduced their price target on shares of Entegris from $160.00 to $145.00 and set an “outperform” rating for the company in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Entegris from $160.00 to $145.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Finally, Citigroup upgraded shares of Entegris from a “neutral” rating to a “buy” rating and boosted their target price for the company from $119.00 to $130.00 in a research report on Monday, September 16th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $146.40.

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).