Healthcare of Ontario Pension Plan Trust Fund Acquires Shares of 450,000 Entegris, Inc. (NASDAQ:ENTG)

Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Entegris, Inc. (NASDAQ:ENTG) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 450,000 shares of the semiconductor company’s stock, valued at approximately $50,638,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. lifted its stake in shares of Entegris by 1,076.3% in the third quarter. Assenagon Asset Management S.A. now owns 923,332 shares of the semiconductor company’s stock worth $103,903,000 after buying an additional 844,837 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Entegris by 130.8% in the third quarter. Principal Financial Group Inc. now owns 1,379,963 shares of the semiconductor company’s stock worth $155,287,000 after buying an additional 781,955 shares in the last quarter. Swedbank AB lifted its stake in shares of Entegris by 249.7% in the third quarter. Swedbank AB now owns 1,050,361 shares of the semiconductor company’s stock worth $118,197,000 after buying an additional 750,000 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of Entegris in the second quarter worth about $42,087,000. Finally, American Century Companies Inc. lifted its stake in shares of Entegris by 20.2% in the second quarter. American Century Companies Inc. now owns 1,523,824 shares of the semiconductor company’s stock worth $206,326,000 after buying an additional 256,186 shares in the last quarter.

Entegris Price Performance

Shares of ENTG opened at $104.96 on Thursday. 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 stock has a market cap of $15.85 billion, a PE ratio of 69.51, a P/E/G ratio of 1.78 and a beta of 1.24. The firm has a 50-day simple moving average of $106.93 and a two-hundred day simple moving average of $118.22. Entegris, Inc. has a 1-year low of $94.92 and a 1-year high of $147.57.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.77 earnings per share 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 quarter last year, the firm posted $0.68 EPS. The company’s revenue for the quarter was down 9.1% on a year-over-year basis. As a group, analysts forecast that Entegris, Inc. will post 2.99 EPS for the current year.

Entegris Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, October 30th were paid a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.38%. Entegris’s dividend payout ratio is currently 26.49%.

Analyst Upgrades and Downgrades

ENTG has been the topic of several research reports. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. UBS Group cut their price objective on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. Needham & Company LLC restated a “buy” rating and set a $150.00 price objective on shares of Entegris in a research report on Thursday, August 1st. BMO Capital Markets cut their price objective on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. Finally, Mizuho cut their price objective on shares of Entegris from $143.00 to $125.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Entegris currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.40.

About Entegris

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).