Cannon Global Investment Management LLC bought a new position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,200 shares of the semiconductor company's stock, valued at approximately $1,035,000. Entegris makes up approximately 1.7% of Cannon Global Investment Management LLC's investment portfolio, making the stock its 12th biggest position.
Other hedge funds have also recently bought and sold shares of the company. Innealta Capital LLC purchased a new position in shares of Entegris in the 2nd quarter valued at $26,000. Summit Securities Group LLC acquired a new position in shares of Entegris during the second quarter worth about $27,000. Quarry LP purchased a new stake in shares of Entegris in the second quarter worth about $27,000. Opal Wealth Advisors LLC acquired a new stake in shares of Entegris in the second quarter valued at about $31,000. Finally, ORG Partners LLC acquired a new stake in shares of Entegris in the first quarter valued at about $33,000.
A number of equities analysts have weighed in on ENTG shares. Citigroup upgraded Entegris from a "neutral" rating to a "buy" rating and upped their price target for the stock from $119.00 to $130.00 in a report on Monday, September 16th. Mizuho raised shares of Entegris from a "neutral" rating to an "outperform" rating and set a $143.00 price target for the company in a report on Thursday, August 1st. 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. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Entegris from $160.00 to $145.00 and set a "buy" rating for the company in a research report on Thursday, August 1st. Finally, BMO Capital Markets cut their price target on Entegris from $160.00 to $145.00 and set an "outperform" rating on the stock in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $146.40.
View Our Latest Report on ENTG
Shares of ENTG stock traded up $2.34 on Friday, hitting $107.05. 2,099,671 shares of the stock traded hands, compared to its average volume of 1,846,214. The company's fifty day moving average is $109.36 and its 200 day moving average is $121.41. Entegris, Inc. has a 1-year low of $84.13 and a 1-year high of $147.57. The company has a market capitalization of $16.16 billion, a PE ratio of 87.75, a PEG ratio of 1.41 and a beta of 1.25. 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 - Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.70 by $0.01. Entegris had a net margin of 5.61% and a return on equity of 12.03%. The company had revenue of $812.60 million for the quarter, compared to the consensus estimate of $802.43 million. During the same period last year, the firm posted $0.66 EPS. The company's revenue for the quarter was down 9.8% on a year-over-year basis. On average, equities research analysts predict that Entegris, Inc. will post 3.13 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, October 30th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.37%. Entegris's payout ratio is currently 32.79%.
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).
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