Vanderbilt University Increases Stake in Entegris, Inc. (NASDAQ:ENTG)

Vanderbilt University boosted its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 72.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 28,277 shares of the semiconductor company’s stock after purchasing an additional 11,867 shares during the period. Vanderbilt University’s holdings in Entegris were worth $3,182,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Innealta Capital LLC acquired a new stake in shares of Entegris in the second quarter worth $26,000. Summit Securities Group LLC acquired a new position in Entegris in the second quarter valued at approximately $27,000. Quarry LP acquired a new stake in Entegris during the second quarter valued at $27,000. Opal Wealth Advisors LLC purchased a new position in Entegris in the second quarter valued at $31,000. Finally, ORG Partners LLC acquired a new position in shares of Entegris in the first quarter worth about $33,000.

Entegris Stock Up 1.3 %

Shares of NASDAQ ENTG traded up $1.32 during mid-day trading on Monday, reaching $106.33. The company had a trading volume of 95,789 shares, compared to its average volume of 1,617,850. 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 52-week low of $84.13 and a 52-week high of $147.57. The stock has a market cap of $16.05 billion, a P/E ratio of 86.07, a PEG ratio of 1.39 and a beta of 1.24. The firm has a 50 day simple moving average of $110.10 and a two-hundred day simple moving average of $122.20.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.01. Entegris had a net margin of 5.61% and a return on equity of 12.03%. The firm had revenue of $812.60 million during the quarter, compared to analysts’ expectations of $802.43 million. During the same quarter in the prior year, the business earned $0.66 EPS. Entegris’s quarterly revenue was down 9.8% compared to the same quarter last year. Sell-side analysts predict that Entegris, Inc. will post 3.13 earnings per share for the current year.

Entegris Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, October 30th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.38%. The ex-dividend date of this dividend is Wednesday, October 30th. Entegris’s payout ratio is 32.79%.

Wall Street Analysts Forecast Growth

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

Entegris 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).