Argent Capital Management LLC Has $3.18 Million Stock Position in Entegris, Inc. (NASDAQ:ENTG)

Argent Capital Management LLC raised its position in Entegris, Inc. (NASDAQ:ENTG) by 2.7% during the third quarter, Holdings Channel.com reports. The institutional investor owned 28,273 shares of the semiconductor company’s stock after purchasing an additional 753 shares during the quarter. Argent Capital Management LLC’s holdings in Entegris were worth $3,182,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Inspire Advisors LLC lifted its holdings in Entegris by 1.3% in the first quarter. Inspire Advisors LLC now owns 5,785 shares of the semiconductor company’s stock valued at $813,000 after buying an additional 77 shares during the period. Wedmont Private Capital boosted its position in shares of Entegris by 5.9% in the 2nd quarter. Wedmont Private Capital now owns 1,609 shares of the semiconductor company’s stock worth $232,000 after purchasing an additional 90 shares during the last quarter. Everpar Advisors LLC increased its holdings in Entegris by 6.5% in the second quarter. Everpar Advisors LLC now owns 1,656 shares of the semiconductor company’s stock valued at $224,000 after purchasing an additional 101 shares during the last quarter. Arizona State Retirement System lifted its stake in Entegris by 0.3% in the second quarter. Arizona State Retirement System now owns 41,406 shares of the semiconductor company’s stock valued at $5,606,000 after buying an additional 105 shares during the period. Finally, Fulton Bank N.A. grew its position in shares of Entegris by 0.9% during the 2nd quarter. Fulton Bank N.A. now owns 11,703 shares of the semiconductor company’s stock worth $1,585,000 after buying an additional 108 shares during the period.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Mizuho raised shares of Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 price objective 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 research report on Thursday, August 1st. BMO Capital Markets reduced their target price on 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 lowered their price target on Entegris from $160.00 to $145.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Finally, Citigroup raised Entegris from a “neutral” rating to a “buy” rating and increased their target price for the stock from $119.00 to $130.00 in a research note on Monday, September 16th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $146.40.

Entegris Stock Up 0.1 %

NASDAQ:ENTG traded up $0.15 during trading hours on Thursday, reaching $103.39. 219,087 shares of the stock were exchanged, compared to its average volume of 1,618,632. The stock has a market cap of $15.59 billion, a PE ratio of 49.63, a PEG ratio of 1.48 and a beta of 1.24. Entegris, Inc. has a twelve month low of $84.13 and a twelve month high of $147.57. The firm has a 50 day moving average of $110.45 and a 200 day moving average of $122.77. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.58 and a quick ratio of 2.14.

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

Entegris Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date of this dividend is Wednesday, October 30th. Entegris’s dividend payout ratio is currently 19.23%.

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).