Eastern Bank Acquires New Stake in Entegris, Inc. (NASDAQ:ENTG)

Eastern Bank bought a new position in Entegris, Inc. (NASDAQ:ENTG) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 6,059 shares of the semiconductor company’s stock, valued at approximately $682,000.

Several other institutional investors and hedge funds have also made changes to their positions in ENTG. Price T Rowe Associates Inc. MD boosted 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 valued at $1,838,988,000 after purchasing an additional 916,420 shares during the period. Swedbank AB raised its position in Entegris by 249.7% during the 3rd quarter. Swedbank AB now owns 1,050,361 shares of the semiconductor company’s stock valued at $118,197,000 after purchasing an additional 750,000 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of Entegris in the 2nd quarter worth $42,087,000. American Century Companies Inc. grew its position in shares of Entegris by 20.2% during the 2nd quarter. American Century Companies Inc. now owns 1,523,824 shares of the semiconductor company’s stock worth $206,326,000 after buying an additional 256,186 shares in the last quarter. Finally, Norden Group LLC increased its stake in shares of Entegris by 2,200.1% during the first quarter. Norden Group LLC now owns 224,260 shares of the semiconductor company’s stock valued at $31,518,000 after buying an additional 214,510 shares during the period.

Analysts Set New Price Targets

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

Entegris Stock Up 0.1 %

NASDAQ:ENTG opened at $103.24 on Thursday. The company has a current ratio of 3.58, a quick ratio of 2.14 and a debt-to-equity ratio of 1.18. Entegris, Inc. has a twelve month low of $84.13 and a twelve month high of $147.57. The company has a market cap of $15.57 billion, a PE ratio of 49.63, a P/E/G ratio of 1.48 and a beta of 1.24. The company’s 50 day moving average is $110.54 and its two-hundred day moving average is $122.91.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.01. The firm had revenue of $812.60 million for the quarter, compared to analyst estimates of $802.43 million. Entegris had a net margin of 5.61% and a return on equity of 12.03%. The business’s quarterly revenue was down 9.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.66 earnings per share. Analysts anticipate that Entegris, Inc. will post 3.13 EPS for the current year.

Entegris Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.39%. The ex-dividend date of this dividend is Wednesday, October 30th. Entegris’s payout ratio is 19.23%.

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).