ClariVest Asset Management LLC Invests $5.16 Million in Entegris, Inc. (NASDAQ:ENTG)

ClariVest Asset Management LLC bought a new position in shares of Entegris, Inc. (NASDAQ:ENTG – Get Rating) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 39,300 shares of the semiconductor company’s stock, valued at approximately $5,159,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. AE Wealth Management LLC bought a new stake in Entegris in the fourth quarter valued at about $280,000. Strs Ohio grew its holdings in shares of Entegris by 10.3% during the fourth quarter. Strs Ohio now owns 13,207 shares of the semiconductor company’s stock valued at $1,830,000 after purchasing an additional 1,234 shares during the last quarter. National Bank of Canada FI bought a new position in shares of Entegris during the fourth quarter valued at approximately $58,000. Bessemer Group Inc. grew its holdings in shares of Entegris by 4.6% during the fourth quarter. Bessemer Group Inc. now owns 22,255 shares of the semiconductor company’s stock valued at $3,084,000 after purchasing an additional 974 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of Entegris during the fourth quarter valued at approximately $2,358,000. 97.32% of the stock is owned by hedge funds and other institutional investors.

Entegris Price Performance

Shares of NASDAQ:ENTG opened at $105.72 on Thursday. The company’s fifty day moving average is $100.64 and its two-hundred day moving average is $114.99. The company has a quick ratio of 2.22, a current ratio of 3.68 and a debt-to-equity ratio of 0.51. Entegris, Inc. has a 12-month low of $85.92 and a 12-month high of $158.00. The company has a market cap of $14.37 billion, a P/E ratio of 32.04 and a beta of 1.22.

Entegris (NASDAQ:ENTG – Get Rating) last announced its earnings results on Tuesday, April 26th. The semiconductor company reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.07. Entegris had a net margin of 18.48% and a return on equity of 31.17%. The company had revenue of $649.65 million for the quarter, compared to the consensus estimate of $640.85 million. During the same period in the previous year, the business earned $0.70 EPS. The company’s revenue was up 26.7% on a year-over-year basis. Equities analysts expect that Entegris, Inc. will post 4.31 earnings per share for the current fiscal year.

Entegris Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 24th. Shareholders of record on Wednesday, August 3rd will be paid 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 Tuesday, August 2nd. Entegris’s dividend payout ratio (DPR) is currently 12.12%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. The Goldman Sachs Group reaffirmed a “buy” rating and set a $109.00 target price on shares of Entegris in a report on Friday, July 15th. Mizuho reduced their price objective on Entegris from $160.00 to $146.00 and set a “buy” rating for the company in a research report on Thursday, July 7th. Craig Hallum reduced their price objective on Entegris from $175.00 to $133.00 in a research report on Wednesday, April 27th. Citigroup cut their target price on Entegris from $160.00 to $145.00 in a research report on Wednesday, April 27th. Finally, Stifel Nicolaus upped their target price on Entegris from $180.00 to $186.00 in a research report on Tuesday, April 26th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $147.11.

Entegris Company Profile

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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: Specialty Chemicals and Engineered Materials (SCEM); Microcontamination Control (MC); and Advanced Materials Handling (AMH).