Quantbot Technologies LP Makes New Investment in Entegris, Inc. $ENTG

by · The Cerbat Gem

Quantbot Technologies LP bought a new position in shares of Entegris, Inc. (NASDAQ:ENTGFree Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 10,531 shares of the semiconductor company’s stock, valued at approximately $849,000.

Other hedge funds have also recently made changes to their positions in the company. Edgestream Partners L.P. purchased a new stake in Entegris in the 2nd quarter valued at about $6,460,000. Panagora Asset Management Inc. boosted its holdings in shares of Entegris by 48.6% in the second quarter. Panagora Asset Management Inc. now owns 6,243 shares of the semiconductor company’s stock valued at $503,000 after purchasing an additional 2,043 shares during the period. Okabena Investment Services Inc. acquired a new position in Entegris during the second quarter worth $1,224,000. First National Advisers LLC boosted its holdings in Entegris by 0.5% in the 2nd quarter. First National Advisers LLC now owns 28,895 shares of the semiconductor company’s stock worth $2,330,000 after buying an additional 154 shares during the last quarter. Finally, New York State Common Retirement Fund increased its position in shares of Entegris by 4.9% during the second quarter. New York State Common Retirement Fund now owns 447,720 shares of the semiconductor company’s stock worth $36,109,000 after purchasing an additional 20,798 shares in the last quarter.

Insider Buying and Selling

In related news, SVP Joseph Colella sold 3,577 shares of the company’s stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $88.41, for a total value of $316,242.57. Following the completion of the transaction, the senior vice president directly owned 34,364 shares in the company, valued at approximately $3,038,121.24. This represents a 9.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Bertrand Loy sold 57,570 shares of Entegris stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $76.88, for a total value of $4,425,981.60. Following the completion of the sale, the insider owned 305,820 shares of the company’s stock, valued at $23,511,441.60. This trade represents a 15.84% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 61,635 shares of company stock worth $4,780,010. 0.61% of the stock is owned by insiders.

Entegris Stock Up 3.9%

Entegris stock opened at $92.59 on Wednesday. Entegris, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $112.36. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.13 and a current ratio of 3.44. The stock’s fifty day moving average is $86.42 and its two-hundred day moving average is $83.91. The firm has a market capitalization of $14.04 billion, a price-to-earnings ratio of 48.99 and a beta of 1.32.

Entegris (NASDAQ:ENTGGet Free Report) last posted its quarterly earnings data on Wednesday, July 6th. The semiconductor company reported $0.70 EPS for the quarter. Entegris had a return on equity of 11.61% and a net margin of 8.95%.The business had revenue of $512.84 million for the quarter. Analysts predict that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 19th. Investors of record on Wednesday, October 29th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, October 29th. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. Entegris’s dividend payout ratio is presently 21.16%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ENTG. Mizuho reduced their price target on Entegris from $108.00 to $96.00 and set an “outperform” rating on the stock in a report on Thursday, November 20th. Zacks Research downgraded shares of Entegris from a “hold” rating to a “strong sell” rating in a report on Monday, November 3rd. Wall Street Zen raised shares of Entegris from a “sell” rating to a “hold” rating in a research report on Friday, October 3rd. Oppenheimer assumed coverage on Entegris in a research report on Thursday, September 4th. They set a “market perform” rating and a $95.00 price target for the company. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Entegris in a research note on Monday, December 1st. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $95.86.

Read Our Latest Analysis on Entegris

Entegris Company Profile

(Free Report)

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).

Further Reading

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