Fenimore Asset Management Inc Boosts Stock Holdings in Entegris, Inc. (NASDAQ:ENTG)

Fenimore Asset Management Inc boosted its position in Entegris, Inc. (NASDAQ:ENTG) by 1.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 505,182 shares of the semiconductor company’s stock after purchasing an additional 5,885 shares during the period. Fenimore Asset Management Inc owned about 0.33% of Entegris worth $50,043,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Entegris by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,065,812 shares of the semiconductor company’s stock valued at $119,936,000 after buying an additional 14,650 shares during the period. Synovus Financial Corp lifted its holdings in Entegris by 102.3% in the third quarter. Synovus Financial Corp now owns 38,253 shares of the semiconductor company’s stock valued at $4,305,000 after acquiring an additional 19,340 shares during the period. Argent Capital Management LLC boosted its position in shares of Entegris by 9.9% during the 4th quarter. Argent Capital Management LLC now owns 31,066 shares of the semiconductor company’s stock worth $3,077,000 after purchasing an additional 2,793 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Entegris during the 3rd quarter worth $1,158,000. Finally, International Assets Investment Management LLC purchased a new position in shares of Entegris in the 3rd quarter valued at about $1,963,000.

Analyst Ratings Changes

A number of analysts recently commented on the stock. KeyCorp decreased their price objective on shares of Entegris from $154.00 to $150.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. Deutsche Bank Aktiengesellschaft decreased their price target on Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Citigroup dropped their price objective on Entegris from $130.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. BMO Capital Markets decreased 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. Finally, Mizuho dropped their price target on Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $134.50.

Entegris Trading Down 1.6 %

Shares of ENTG stock opened at $104.19 on Friday. Entegris, Inc. has a twelve month low of $94.92 and a twelve month high of $147.57. The company has a market capitalization of $15.73 billion, a price-to-earnings ratio of 69.00, a PEG ratio of 1.46 and a beta of 1.24. The firm has a 50-day moving average price of $103.80 and a 200 day moving average price of $109.71. 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 data on Monday, November 4th. The semiconductor company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.01). The firm had revenue of $807.70 million for the quarter, compared to analysts’ expectations of $832.44 million. Entegris had a net margin of 7.13% and a return on equity of 12.24%. The business’s quarterly revenue was down 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.68 EPS. Research analysts forecast that Entegris, Inc. will post 2.94 earnings per share for the current fiscal year.

Entegris Announces Dividend

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

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).