Vanderbilt University Buys 2,974 Shares of Entegris, Inc. (NASDAQ:ENTG)

Vanderbilt University lifted its position in Entegris, Inc. (NASDAQ:ENTG) by 10.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,251 shares of the semiconductor company’s stock after buying an additional 2,974 shares during the quarter. Vanderbilt University’s holdings in Entegris were worth $3,096,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new position in shares of Entegris in the 3rd quarter valued at about $29,000. Blue Trust Inc. grew its holdings in Entegris by 221.3% during the third quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 239 shares during the period. Fortitude Family Office LLC grew its holdings in Entegris by 195.7% during the fourth quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 274 shares during the period. Covestor Ltd increased its position in Entegris by 241.8% during the third quarter. Covestor Ltd now owns 417 shares of the semiconductor company’s stock worth $47,000 after buying an additional 295 shares during the last quarter. Finally, Huntington National Bank raised its stake in Entegris by 41.0% in the third quarter. Huntington National Bank now owns 454 shares of the semiconductor company’s stock valued at $51,000 after buying an additional 132 shares during the period.

Entegris Price Performance

Shares of Entegris stock opened at $103.90 on Thursday. The company has a quick ratio of 1.83, a current ratio of 2.92 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $15.69 billion, a price-to-earnings ratio of 68.81, a price-to-earnings-growth ratio of 1.38 and a beta of 1.24. Entegris, Inc. has a twelve month low of $94.92 and a twelve month high of $147.57. The company has a 50-day simple moving average of $103.24 and a two-hundred day simple moving average of $107.33.

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 business 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 quarterly revenue was down 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.68 earnings per share. Analysts forecast that Entegris, Inc. will post 2.94 EPS for the current year.

Entegris Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, January 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.38%. Entegris’s payout ratio is 26.49%.

Analysts Set New Price Targets

ENTG has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft reduced their target price on Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. UBS Group decreased their price objective on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Citigroup dropped their price objective on shares of Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. KeyCorp reduced their target price on shares of Entegris from $154.00 to $150.00 and set an “overweight” rating for the company in a report on Friday, January 10th. Finally, Mizuho lowered their price target on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. 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, Entegris has an average rating of “Moderate Buy” and an average target price of $134.50.

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).