International Assets Investment Management LLC Makes New $1.96 Million Investment in Entegris, Inc. (NASDAQ:ENTG)

International Assets Investment Management LLC acquired a new stake in Entegris, Inc. (NASDAQ:ENTG) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 17,442 shares of the semiconductor company’s stock, valued at approximately $1,963,000.

Several other large investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its position in Entegris by 7.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,085,147 shares of the semiconductor company’s stock valued at $1,838,988,000 after acquiring an additional 916,420 shares during the last quarter. Swedbank AB boosted its position in shares of Entegris by 249.7% during the 3rd quarter. Swedbank AB now owns 1,050,361 shares of the semiconductor company’s stock valued at $118,197,000 after purchasing an additional 750,000 shares in the last quarter. Marshall Wace LLP acquired a new stake in Entegris during the second quarter worth approximately $42,087,000. American Century Companies Inc. increased its holdings in Entegris by 20.2% in the second quarter. American Century Companies Inc. now owns 1,523,824 shares of the semiconductor company’s stock worth $206,326,000 after purchasing an additional 256,186 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in Entegris by 42.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 719,028 shares of the semiconductor company’s stock valued at $80,912,000 after buying an additional 213,613 shares during the period.

Analyst Upgrades and Downgrades

Several analysts have recently commented on ENTG shares. Mizuho raised shares of Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 price objective for the company in a research report on Thursday, August 1st. Needham & Company LLC restated a “buy” rating and issued a $150.00 price target on shares of Entegris in a report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Entegris from $160.00 to $145.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Citigroup upgraded Entegris from a “neutral” rating to a “buy” rating and raised their target price for the company from $119.00 to $130.00 in a research note on Monday, September 16th. Finally, BMO Capital Markets dropped 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 equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $146.40.

Entegris Price Performance

Shares of NASDAQ:ENTG opened at $107.05 on Monday. The company has a current ratio of 3.58, a quick ratio of 2.14 and a debt-to-equity ratio of 1.18. The stock has a market cap of $16.16 billion, a PE ratio of 87.75, a price-to-earnings-growth ratio of 1.41 and a beta of 1.25. The stock’s fifty day simple moving average is $109.36 and its two-hundred day simple moving average is $121.34. Entegris, Inc. has a 1-year low of $84.13 and a 1-year high of $147.57.

Entegris Dividend Announcement

The company also recently disclosed 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 is Wednesday, October 30th. This represents a $0.40 annualized dividend and a yield of 0.37%. Entegris’s dividend payout ratio (DPR) is 32.79%.

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).