Generate Investment Management Ltd Increases Stock Position in Entegris, Inc. $ENTG

Generate Investment Management Ltd boosted its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 49.5% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 91,671 shares of the semiconductor company’s stock after purchasing an additional 30,362 shares during the period. Generate Investment Management Ltd owned approximately 0.06% of Entegris worth $8,476,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Rise Advisors LLC purchased a new stake in shares of Entegris in the first quarter valued at about $26,000. Alpine Bank Wealth Management raised its stake in Entegris by 73.7% during the second quarter. Alpine Bank Wealth Management now owns 311 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 132 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new position in Entegris in the 2nd quarter valued at about $25,000. Tripletail Wealth Management LLC purchased a new stake in shares of Entegris in the 3rd quarter valued at approximately $49,000. Finally, Hoese & Co LLP acquired a new stake in shares of Entegris during the 2nd quarter worth approximately $44,000.

Entegris Stock Performance

Shares of Entegris stock opened at $86.69 on Wednesday. The business has a 50-day simple moving average of $84.75 and a 200-day simple moving average of $85.36. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.13 and a current ratio of 3.44. Entegris, Inc. has a one year low of $60.75 and a one year high of $110.46. The company has a market cap of $13.14 billion, a PE ratio of 45.87 and a beta of 1.32.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings results on Wednesday, July 6th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter. Entegris had a net margin of 8.95% and a return on equity of 11.61%. The company had revenue of $512.84 million during the quarter. On average, equities research analysts forecast that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 19th. Investors of record on Wednesday, October 29th were given a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, October 29th. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. Entegris’s payout ratio is 21.16%.

Insider Activity at Entegris

In other news, insider Bertrand Loy sold 57,570 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $76.88, for a total transaction of $4,425,981.60. Following the completion of the sale, the insider owned 305,820 shares in the company, valued at $23,511,441.60. This represents a 15.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Joseph Colella sold 3,577 shares of the firm’s stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $88.41, for a total transaction of $316,242.57. Following the completion of the sale, the senior vice president owned 34,364 shares of the company’s stock, valued at $3,038,121.24. This trade represents a 9.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 63,643 shares of company stock worth $4,966,433. Insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ENTG. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Entegris in a research note on Monday. The Goldman Sachs Group cut Entegris from a “neutral” rating to a “sell” rating and lowered their target price for the company from $88.00 to $75.00 in a report on Monday, December 15th. Mizuho cut their price target on shares of Entegris from $108.00 to $96.00 and set an “outperform” rating on the stock in a research note on Thursday, November 20th. Wall Street Zen raised shares of Entegris from a “sell” rating to a “hold” rating in a research note on Friday, October 3rd. Finally, Zacks Research cut shares of Entegris from a “hold” rating to a “strong sell” rating in a report on Monday, November 3rd. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $94.43.

Entegris Profile

Entegris, Inc is a leading provider of advanced materials and process control solutions for the semiconductor and other high-technology industries. The company develops and supplies a broad portfolio of products designed to ensure purity and reliability throughout the manufacturing process, helping customers address critical contamination and yield challenges.

Entegris’s product offerings include high-purity chemicals and specialty materials, liquid and gas filtration and purification systems, and sophisticated wafer and chip handling solutions.