Vanderbilt University Grows Stock Holdings in Entegris, Inc. (NASDAQ:ENTG)

Vanderbilt University boosted its holdings in Entegris, Inc. (NASDAQ:ENTG) by 72.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 28,277 shares of the semiconductor company’s stock after buying an additional 11,867 shares during the period. Vanderbilt University’s holdings in Entegris were worth $3,182,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

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

Entegris Stock Performance

Shares of Entegris stock traded up $1.32 during trading hours on Monday, reaching $106.33. The company’s stock had a trading volume of 95,789 shares, compared to its average volume of 1,617,850. The stock has a market cap of $16.05 billion, a P/E ratio of 86.07, a price-to-earnings-growth ratio of 1.39 and a beta of 1.24. The company’s 50 day simple moving average is $110.10 and its 200 day simple moving average is $122.20. Entegris, Inc. has a one year low of $84.13 and a one year high of $147.57. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.14 and a current ratio of 3.58.

Entegris (NASDAQ:ENTG) last released 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 business had revenue of $812.60 million during the quarter, compared to analyst estimates of $802.43 million. Entegris had a net margin of 5.61% and a return on equity of 12.03%. The company’s quarterly revenue was down 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.66 earnings per share. As a group, analysts expect that Entegris, Inc. will post 3.13 EPS for the current fiscal year.

Entegris Announces Dividend

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 dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date of this dividend is Wednesday, October 30th. Entegris’s dividend payout ratio is presently 32.79%.

Entegris 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).