Entegris, Inc. $ENTG Stock Position Boosted by Gilbert & Cook Inc.

Gilbert & Cook Inc. raised its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 18.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,420 shares of the semiconductor company’s stock after buying an additional 694 shares during the period. Gilbert & Cook Inc.’s holdings in Entegris were worth $356,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in ENTG. New York State Teachers Retirement System acquired a new position in shares of Entegris during the first quarter valued at approximately $4,870,000. Teacher Retirement System of Texas bought a new position in Entegris during the 1st quarter valued at $1,931,000. OneDigital Investment Advisors LLC boosted its stake in Entegris by 9.4% during the 1st quarter. OneDigital Investment Advisors LLC now owns 7,533 shares of the semiconductor company’s stock valued at $659,000 after purchasing an additional 649 shares in the last quarter. IFM Investors Pty Ltd increased its position in shares of Entegris by 6.1% during the 1st quarter. IFM Investors Pty Ltd now owns 29,121 shares of the semiconductor company’s stock valued at $2,548,000 after purchasing an additional 1,671 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Entegris by 85.5% in the 1st quarter. Bank of New York Mellon Corp now owns 1,035,330 shares of the semiconductor company’s stock worth $90,571,000 after buying an additional 477,347 shares in the last quarter.

Entegris Trading Up 4.7%

Shares of NASDAQ:ENTG opened at $91.57 on Monday. The firm has a fifty day moving average of $89.88 and a two-hundred day moving average of $83.13. The company has a quick ratio of 1.95, a current ratio of 3.30 and a debt-to-equity ratio of 1.04. Entegris, Inc. has a 12-month low of $60.75 and a 12-month high of $112.36. The firm has a market capitalization of $13.88 billion, a P/E ratio of 47.20 and a beta of 1.38.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings data on Wednesday, July 6th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter. The business had revenue of $512.84 million during the quarter. Entegris had a return on equity of 12.05% and a net margin of 9.17%. On average, equities analysts expect that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 19th. Stockholders of record on Wednesday, October 29th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Wednesday, October 29th. Entegris’s payout ratio is currently 21.16%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Zacks Research raised Entegris from a “strong sell” rating to a “hold” rating in a research note on Friday, October 3rd. Mizuho upped their price target on shares of Entegris from $100.00 to $108.00 and gave the company an “outperform” rating in a report on Friday, October 3rd. Oppenheimer started coverage on shares of Entegris in a research note on Thursday, September 4th. They issued a “market perform” rating and a $95.00 price objective on the stock. Wall Street Zen raised shares of Entegris from a “sell” rating to a “hold” rating in a research note on Friday, October 3rd. Finally, UBS Group reduced their target price on shares of Entegris from $95.00 to $90.00 and set a “neutral” rating for the company in a report on Thursday, July 31st. Seven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $106.30.

Insider Activity at Entegris

In related news, SVP Susan G. Rice sold 8,858 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $79.84, for a total value of $707,222.72. Following the transaction, the senior vice president owned 56,912 shares in the company, valued at approximately $4,543,854.08. This represents a 13.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.67% of the company’s stock.

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).