Cantillon Capital Management LLC Has $198.87 Million Stock Holdings in Entegris, Inc. $ENTG

Key Points

• Cantillon Capital Management LLC reduced its holdings in Entegris, Inc. by 2.9%, owning approximately 2.47 million shares valued at $198.87 million.
• Analysts have mixed ratings for Entegris, with seven giving it a "Buy" and five a "Hold," while the consensus price target is set at $106.30.
• Entegris plans to pay a quarterly dividend of $0.10 per share on November 19th, 2023, reflecting a dividend yield of 0.4%.

Cantillon Capital Management LLC lessened its holdings in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 2.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,465,773 shares of the semiconductor company's stock after selling 72,402 shares during the period. Cantillon Capital Management LLC owned about 1.63% of Entegris worth $198,865,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Alpine Bank Wealth Management boosted its position in Entegris by 73.7% during the second quarter. Alpine Bank Wealth Management now owns 311 shares of the semiconductor company's stock valued at $25,000 after purchasing an additional 132 shares during the last quarter. Costello Asset Management INC acquired a new stake in Entegris during the first quarter valued at $26,000. Rise Advisors LLC acquired a new stake in Entegris during the first quarter valued at $26,000. Summit Securities Group LLC acquired a new stake in Entegris during the first quarter valued at $36,000. Finally, SVB Wealth LLC acquired a new stake in Entegris during the first quarter valued at $43,000.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Mizuho lifted their price objective on Entegris from $100.00 to $108.00 and gave the company an "outperform" rating in a research report on Friday, October 3rd. Oppenheimer initiated coverage on Entegris in a report on Thursday, September 4th. They set a "market perform" rating and a $95.00 target price on the stock. KeyCorp reiterated an "overweight" rating and issued a $103.00 price objective (down from $112.00) on shares of Entegris in a research note on Thursday, July 31st. Zacks Research upgraded Entegris from a "strong sell" rating to a "hold" rating in a research note on Friday, October 3rd. Finally, The Goldman Sachs Group began coverage on Entegris in a research note on Thursday, July 10th. They set a "neutral" rating and a $85.00 price target on the stock. Seven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $106.30.

Entegris Stock Performance

Shares of Entegris stock opened at $92.67 on Wednesday. The firm has a fifty day moving average of $88.14 and a two-hundred day moving average of $81.76. The stock has a market capitalization of $14.05 billion, a price-to-earnings ratio of 47.77 and a beta of 1.38. Entegris, Inc. has a 52 week low of $60.75 and a 52 week high of $112.36. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.95 and a current ratio of 3.30.

Entegris (NASDAQ:ENTG - Get Free Report) last released its quarterly earnings data on Wednesday, July 6th. The semiconductor company reported $0.70 EPS for the quarter. Entegris had a net margin of 9.17% and a return on equity of 12.05%. The business had revenue of $512.84 million during the quarter. As a group, equities research analysts predict that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 19th. Stockholders of record on Wednesday, October 29th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Wednesday, October 29th. Entegris's payout ratio is currently 20.62%.

Insider Activity

In related news, SVP Susan G. Rice sold 8,858 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $79.84, for a total value of $707,222.72. Following the completion of the sale, the senior vice president directly owned 56,912 shares in the company, valued at approximately $4,543,854.08. The trade was a 13.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.61% of the stock is currently owned by corporate insiders.

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).

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