Argent Capital Management LLC Grows Stock Holdings in Entegris, Inc. (NASDAQ:ENTG)

Argent Capital Management LLC raised its stake in Entegris, Inc. (NASDAQ:ENTG) by 9.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,066 shares of the semiconductor company’s stock after purchasing an additional 2,793 shares during the quarter. Argent Capital Management LLC’s holdings in Entegris were worth $3,077,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mountaineer Partners Management LLC lifted its holdings in Entegris by 16,255.1% in the 3rd quarter. Mountaineer Partners Management LLC now owns 11,044,594 shares of the semiconductor company’s stock worth $1,242,848,000 after buying an additional 10,977,064 shares in the last quarter. Geode Capital Management LLC increased its holdings in Entegris by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,537,948 shares of the semiconductor company’s stock worth $284,941,000 after purchasing an additional 49,846 shares during the last quarter. Earnest Partners LLC raised its position in shares of Entegris by 0.6% in the 2nd quarter. Earnest Partners LLC now owns 1,858,757 shares of the semiconductor company’s stock valued at $251,676,000 after purchasing an additional 11,692 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of Entegris by 0.9% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,503,656 shares of the semiconductor company’s stock valued at $169,206,000 after buying an additional 12,913 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Entegris by 130.8% during the third quarter. Principal Financial Group Inc. now owns 1,379,963 shares of the semiconductor company’s stock worth $155,287,000 after buying an additional 781,955 shares in the last quarter.

Entegris Stock Performance

NASDAQ:ENTG opened at $101.93 on Thursday. The firm has a market cap of $15.39 billion, a price-to-earnings ratio of 67.50, a price-to-earnings-growth ratio of 1.33 and a beta of 1.24. The company has a current ratio of 2.92, a quick ratio of 1.83 and a debt-to-equity ratio of 1.14. The company has a 50-day moving average of $103.53 and a 200-day moving average of $111.11. Entegris, Inc. has a twelve month low of $94.92 and a twelve month high of $147.57.

Entegris (NASDAQ:ENTG) last released its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates 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 company’s revenue for the quarter was down 9.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.68 EPS. Analysts forecast that Entegris, Inc. will post 2.95 earnings per share for the current fiscal year.

Entegris Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.39%. Entegris’s dividend payout ratio is currently 26.49%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on ENTG shares. BMO Capital Markets cut their price target on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. UBS Group cut their target price on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft decreased their price target on Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Mizuho cut their price objective on Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Finally, KeyCorp reduced their target price on Entegris from $154.00 to $150.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. 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. Based on data from MarketBeat, the company 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).