Brown Brothers Harriman & Co. Buys 133,722 Shares of Entegris, Inc. (NASDAQ:ENTG)

Brown Brothers Harriman & Co. grew its position in Entegris, Inc. (NASDAQ:ENTGFree Report) by 40.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 464,039 shares of the semiconductor company’s stock after purchasing an additional 133,722 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Entegris were worth $52,218,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Innealta Capital LLC acquired a new position in Entegris in the 2nd quarter valued at $26,000. Quarry LP acquired a new position in shares of Entegris in the second quarter valued at about $27,000. Summit Securities Group LLC acquired a new position in shares of Entegris in the second quarter valued at about $27,000. Opal Wealth Advisors LLC bought a new position in Entegris during the second quarter worth about $31,000. Finally, Capital Performance Advisors LLP acquired a new stake in Entegris in the 3rd quarter worth about $29,000.

Entegris Price Performance

Shares of NASDAQ:ENTG opened at $107.24 on Monday. Entegris, Inc. has a one year low of $94.92 and a one year high of $147.57. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.92 and a quick ratio of 1.83. The company has a market cap of $16.19 billion, a price-to-earnings ratio of 71.02, a PEG ratio of 1.77 and a beta of 1.24. The firm has a 50 day simple moving average of $107.09 and a 200 day simple moving average of $118.56.

Entegris (NASDAQ:ENTGGet Free Report) last announced its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). Entegris had a net margin of 7.13% and a return on equity of 12.24%. The firm had revenue of $807.70 million during the quarter, compared to the consensus estimate of $832.44 million. During the same quarter in the previous year, the company posted $0.68 earnings per share. The firm’s revenue was down 9.1% on a year-over-year basis. Research analysts predict that Entegris, Inc. will post 2.99 earnings per share for the current fiscal year.

Entegris Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.37%. The ex-dividend date was Wednesday, October 30th. Entegris’s dividend payout ratio is currently 26.49%.

Analyst Ratings Changes

ENTG has been the topic of several recent research reports. UBS Group lowered their target price on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft dropped their price objective on Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. BMO Capital Markets reduced their target price on Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. Citigroup dropped their price target on Entegris from $130.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Finally, KeyCorp decreased their target price on shares of Entegris from $164.00 to $154.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $135.40.

Check Out Our Latest Stock Report on Entegris

About Entegris

(Free Report)

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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Institutional Ownership by Quarter for Entegris (NASDAQ:ENTG)

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