American Century Companies Inc. Boosts Stake in Entegris (ENTG)

American Century Companies Inc. lifted its stake in Entegris (NASDAQ:ENTG) by 122.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 609,228 shares of the semiconductor company’s stock after acquiring an additional 334,905 shares during the quarter. American Century Companies Inc. owned approximately 0.43% of Entegris worth $21,201,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also bought and sold shares of the business. Deutsche Bank AG increased its position in Entegris by 118.7% during the fourth quarter. Deutsche Bank AG now owns 1,806,333 shares of the semiconductor company’s stock worth $55,000,000 after buying an additional 980,282 shares during the last quarter. Renaissance Technologies LLC increased its position in Entegris by 2.4% during the fourth quarter. Renaissance Technologies LLC now owns 1,759,455 shares of the semiconductor company’s stock worth $53,575,000 after buying an additional 41,365 shares during the last quarter. Carillon Tower Advisers Inc. acquired a new position in Entegris during the fourth quarter worth $51,256,000. Geode Capital Management LLC increased its position in Entegris by 3.8% during the fourth quarter. Geode Capital Management LLC now owns 1,402,887 shares of the semiconductor company’s stock worth $42,717,000 after buying an additional 50,809 shares during the last quarter. Finally, OppenheimerFunds Inc. increased its position in Entegris by 1.6% during the fourth quarter. OppenheimerFunds Inc. now owns 1,211,946 shares of the semiconductor company’s stock worth $36,904,000 after buying an additional 19,175 shares during the last quarter. 95.51% of the stock is currently owned by hedge funds and other institutional investors.

ENTG stock opened at $36.85 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.79 and a quick ratio of 2.99. Entegris has a 52-week low of $36.10 and a 52-week high of $36.47. The stock has a market cap of $5.08 billion, a price-to-earnings ratio of 25.59, a PEG ratio of 1.78 and a beta of 1.42.

Entegris (NASDAQ:ENTG) last released its quarterly earnings results on Thursday, April 26th. The semiconductor company reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.05. Entegris had a net margin of 7.91% and a return on equity of 23.26%. The company had revenue of $367.20 million during the quarter, compared to analysts’ expectations of $358.67 million. During the same period in the prior year, the company earned $0.28 earnings per share. The business’s quarterly revenue was up 15.7% compared to the same quarter last year. equities analysts anticipate that Entegris will post 1.79 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 23rd. Shareholders of record on Wednesday, May 2nd will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Tuesday, May 1st. Entegris’s dividend payout ratio (DPR) is 19.44%.

In other Entegris news, COO Todd James Edlund sold 5,000 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $33.82, for a total transaction of $169,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Corey Rucci sold 5,732 shares of the company’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $36.43, for a total transaction of $208,816.76. The disclosure for this sale can be found here. Insiders have sold 335,754 shares of company stock valued at $11,317,780 over the last 90 days. Corporate insiders own 1.20% of the company’s stock.

Several research firms have commented on ENTG. BidaskClub raised shares of Entegris from a “buy” rating to a “strong-buy” rating in a research report on Friday. ValuEngine raised shares of Entegris from a “hold” rating to a “buy” rating in a research report on Monday, May 7th. Zacks Investment Research raised shares of Entegris from a “sell” rating to a “hold” rating and set a $34.00 target price on the stock in a research report on Thursday, February 8th. Seaport Global Securities reissued a “buy” rating and set a $40.00 target price on shares of Entegris in a research report on Wednesday, March 21st. Finally, Stifel Nicolaus increased their target price on shares of Entegris from $36.00 to $42.00 and gave the stock a “buy” rating in a research report on Monday, March 19th. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $37.27.

Entegris Profile

Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries worldwide. It operates through three segments: Specialty Chemicals and Engineered Materials (SCEM), Microcontamination Control (MC), and Advanced Materials Handling (AMH).

Institutional Ownership by Quarter for Entegris (NASDAQ:ENTG)

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