Brown Brothers Harriman & Co. Has $52.22 Million Stock Holdings in Entegris, Inc. (NASDAQ:ENTG)

Brown Brothers Harriman & Co. boosted its position in shares of Entegris, Inc. (NASDAQ:ENTG) by 40.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 464,039 shares of the semiconductor company’s stock after purchasing an additional 133,722 shares during the quarter. Brown Brothers Harriman & Co. owned 0.31% of Entegris worth $52,218,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. raised its position in shares of Entegris by 1,076.3% during the third quarter. Assenagon Asset Management S.A. now owns 923,332 shares of the semiconductor company’s stock worth $103,903,000 after purchasing an additional 844,837 shares during the period. Principal Financial Group Inc. lifted its stake in Entegris by 130.8% in the third quarter. Principal Financial Group Inc. now owns 1,379,963 shares of the semiconductor company’s stock valued at $155,287,000 after buying an additional 781,955 shares in the last quarter. Swedbank AB lifted its stake in Entegris by 249.7% in the third quarter. Swedbank AB now owns 1,050,361 shares of the semiconductor company’s stock valued at $118,197,000 after buying an additional 750,000 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Entegris in the second quarter valued at approximately $42,087,000. Finally, American Century Companies Inc. increased its position in shares of Entegris by 20.2% during the second quarter. American Century Companies Inc. now owns 1,523,824 shares of the semiconductor company’s stock worth $206,326,000 after acquiring an additional 256,186 shares in the last quarter.

Analyst Ratings Changes

A number of equities analysts recently weighed in on ENTG shares. UBS Group reduced their target price on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Mizuho reduced their price objective on Entegris from $143.00 to $125.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. BMO Capital Markets dropped their target price on Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. Citigroup reduced their price target on Entegris from $130.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $150.00 price objective on shares of Entegris in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $135.40.

Entegris Trading Up 1.9 %

NASDAQ ENTG opened at $107.24 on Monday. The company has a market cap of $16.19 billion, a PE ratio of 71.02, a PEG ratio of 1.77 and a beta of 1.24. Entegris, Inc. has a 12 month low of $94.92 and a 12 month high of $147.57. The stock has a 50 day moving average of $107.09 and a 200-day moving average of $118.56. The company has a current ratio of 2.92, a quick ratio of 1.83 and a debt-to-equity ratio of 1.14.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). The firm 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 business’s revenue was down 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.68 EPS. On average, equities research analysts anticipate that Entegris, Inc. will post 2.99 EPS for the current fiscal year.

Entegris Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, October 30th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.37%. The ex-dividend date was Wednesday, October 30th. Entegris’s dividend payout ratio is 26.49%.

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).