Fenimore Asset Management Inc Grows Position in Entegris, Inc. (NASDAQ:ENTG)

Fenimore Asset Management Inc boosted its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 505,182 shares of the semiconductor company’s stock after purchasing an additional 5,885 shares during the period. Fenimore Asset Management Inc’s holdings in Entegris were worth $50,043,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Mountaineer Partners Management LLC increased its holdings in shares of Entegris by 16,255.1% during the 3rd quarter. Mountaineer Partners Management LLC now owns 11,044,594 shares of the semiconductor company’s stock worth $1,242,848,000 after buying an additional 10,977,064 shares during the last quarter. Geode Capital Management LLC increased its stake in Entegris by 2.0% during the third quarter. Geode Capital Management LLC now owns 2,537,948 shares of the semiconductor company’s stock worth $284,941,000 after acquiring an additional 49,846 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of Entegris by 0.9% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,503,656 shares of the semiconductor company’s stock worth $169,206,000 after purchasing an additional 12,913 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Entegris by 130.8% in the 3rd quarter. Principal Financial Group Inc. now owns 1,379,963 shares of the semiconductor company’s stock valued at $155,287,000 after purchasing an additional 781,955 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Entegris by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,065,812 shares of the semiconductor company’s stock worth $119,936,000 after purchasing an additional 14,650 shares during the period.

Entegris Trading Down 1.6 %

NASDAQ:ENTG opened at $104.19 on Friday. The stock has a market cap of $15.73 billion, a price-to-earnings ratio of 69.00, a price-to-earnings-growth ratio of 1.46 and a beta of 1.24. 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 quick ratio of 1.83 and a current ratio of 2.92. The business’s 50-day simple moving average is $103.80 and its 200 day simple moving average is $109.71.

Entegris (NASDAQ:ENTG) last announced its earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share (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 business had revenue of $807.70 million during the quarter, compared to analyst estimates of $832.44 million. During the same period in the previous year, the company earned $0.68 earnings per share. The business’s revenue for the quarter was down 9.1% on a year-over-year basis. As a group, sell-side analysts predict that Entegris, Inc. will post 2.94 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.38%. The ex-dividend date is Wednesday, January 29th. Entegris’s dividend payout ratio is currently 26.49%.

Analyst Upgrades and Downgrades

ENTG has been the topic of several research reports. BMO Capital Markets cut their price target on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. UBS Group reduced 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. Mizuho decreased their price target on shares of Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Citigroup cut their price objective on Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Finally, KeyCorp decreased their target price on Entegris from $154.00 to $150.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. One 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $134.50.

Entegris Company 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).