Entegris Inc (NASDAQ:ENTG) Shares Acquired by Endurance Wealth Management Inc.

Endurance Wealth Management Inc. raised its stake in Entegris Inc (NASDAQ:ENTG) by 18.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,885 shares of the semiconductor company’s stock after purchasing an additional 3,940 shares during the quarter. Endurance Wealth Management Inc.’s holdings in Entegris were worth $1,218,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of ENTG. Rehmann Capital Advisory Group raised its position in shares of Entegris by 21.3% in the first quarter. Rehmann Capital Advisory Group now owns 1,836 shares of the semiconductor company’s stock worth $66,000 after buying an additional 322 shares in the last quarter. Bridge City Capital LLC raised its position in shares of Entegris by 0.5% in the second quarter. Bridge City Capital LLC now owns 68,813 shares of the semiconductor company’s stock worth $2,568,000 after buying an additional 339 shares in the last quarter. Sumitomo Life Insurance Co. raised its position in shares of Entegris by 2.9% in the second quarter. Sumitomo Life Insurance Co. now owns 20,297 shares of the semiconductor company’s stock worth $757,000 after buying an additional 567 shares in the last quarter. Hancock Whitney Corp raised its position in shares of Entegris by 4.3% in the second quarter. Hancock Whitney Corp now owns 24,298 shares of the semiconductor company’s stock worth $907,000 after buying an additional 995 shares in the last quarter. Finally, Virginia Retirement Systems ET AL raised its position in shares of Entegris by 6.0% in the second quarter. Virginia Retirement Systems ET AL now owns 17,600 shares of the semiconductor company’s stock worth $657,000 after buying an additional 1,000 shares in the last quarter.

Shares of NASDAQ ENTG traded up $0.12 during trading hours on Friday, hitting $47.75. The company’s stock had a trading volume of 561,100 shares, compared to its average volume of 1,471,998. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.79 and a current ratio of 4.15. The stock has a market cap of $6.54 billion, a price-to-earnings ratio of 25.26 and a beta of 1.33. The business has a 50-day simple moving average of $47.64 and a 200-day simple moving average of $41.61. Entegris Inc has a 12 month low of $24.43 and a 12 month high of $50.15.

Entegris (NASDAQ:ENTG) last issued its earnings results on Thursday, October 24th. The semiconductor company reported $0.50 EPS for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.05. The business had revenue of $394.10 million for the quarter, compared to the consensus estimate of $392.09 million. Entegris had a net margin of 17.77% and a return on equity of 24.16%. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.46 EPS. On average, equities research analysts forecast that Entegris Inc will post 1.93 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, October 30th will be paid a $0.08 dividend. The ex-dividend date is Tuesday, October 29th. This represents a $0.32 dividend on an annualized basis and a yield of 0.67%. Entegris’s dividend payout ratio is currently 16.93%.

In other news, SVP William James Shaner sold 24,294 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $44.33, for a total transaction of $1,076,953.02. Following the transaction, the senior vice president now directly owns 25,536 shares in the company, valued at $1,132,010.88. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Clinton M. Haris sold 14,480 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $48.27, for a total transaction of $698,949.60. The disclosure for this sale can be found here. 1.50% of the stock is owned by corporate insiders.

ENTG has been the topic of a number of research reports. Citigroup set a $50.00 price target on Entegris and gave the company a “hold” rating in a research report on Friday, October 25th. BidaskClub upgraded Entegris from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Craig Hallum raised their price target on Entegris from $48.00 to $56.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Loop Capital raised their price objective on Entegris to $51.00 and gave the company a “market perform” rating in a research note on Friday, October 4th. They noted that the move was a valuation call. Finally, Deutsche Bank cut Entegris from a “buy” rating to a “hold” rating in a research note on Sunday, October 6th. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $48.13.

Entegris Profile

Entegris, Inc develops, manufactures, and supplies micro contamination control products, specialty chemicals, and advanced materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries worldwide. It operates through three segments: Specialty Chemicals and Engineered Materials (SCEM); Microcontamination Control (MC); and Advanced Materials Handling (AMH).

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Institutional Ownership by Quarter for Entegris (NASDAQ:ENTG)

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