Louisbourg Investments Inc. Has $2.81 Million Stock Holdings in Entegris, Inc. $ENTG

Key Points

• Louisbourg Investments Inc. increased its holdings in Entegris, Inc. by 10.1%, owning 34,825 shares worth approximately $2.81 million at the end of the second quarter.
• Several hedge funds, including Vanguard Group Inc. and Price T Rowe Associates Inc., made significant increases in their positions in Entegris during the first quarter.
• Entegris, Inc. recently announced a quarterly dividend of $0.10 per share, which gives an annualized yield of 0.5%, while the company's stock has shown price fluctuations with a 52-week low of $60.75 and a high of $112.36.

Louisbourg Investments Inc. grew its holdings in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 10.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,825 shares of the semiconductor company's stock after buying an additional 3,185 shares during the quarter. Louisbourg Investments Inc.'s holdings in Entegris were worth $2,809,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Entegris by 2.3% during the first quarter. Vanguard Group Inc. now owns 15,553,199 shares of the semiconductor company's stock valued at $1,360,594,000 after buying an additional 351,053 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Entegris by 21.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,555,677 shares of the semiconductor company's stock valued at $1,185,852,000 after buying an additional 2,361,065 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Entegris by 235.8% during the first quarter. Principal Financial Group Inc. now owns 5,014,198 shares of the semiconductor company's stock valued at $438,642,000 after buying an additional 3,520,997 shares during the last quarter. Select Equity Group L.P. grew its holdings in shares of Entegris by 6.9% during the first quarter. Select Equity Group L.P. now owns 4,074,232 shares of the semiconductor company's stock valued at $356,414,000 after buying an additional 263,168 shares during the last quarter. Finally, Durable Capital Partners LP grew its holdings in shares of Entegris by 43.3% during the first quarter. Durable Capital Partners LP now owns 2,914,417 shares of the semiconductor company's stock valued at $254,953,000 after buying an additional 881,198 shares during the last quarter.

Insider Activity

In other news, SVP Clinton M. Haris sold 3,627 shares of the business's stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $90.00, for a total value of $326,430.00. Following the sale, the senior vice president owned 37,743 shares of the company's stock, valued at $3,396,870. The trade was a 8.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Susan G. Rice sold 8,858 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $79.84, for a total transaction 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. This trade represents a 13.47% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.67% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Zacks Research raised shares of Entegris from a "strong sell" rating to a "hold" rating in a research report on Friday, October 3rd. UBS Group dropped their price target on shares of Entegris from $95.00 to $90.00 and set a "neutral" rating on the stock in a research report on Thursday, July 31st. KeyCorp reissued an "overweight" rating and set a $103.00 price target (down from $112.00) on shares of Entegris in a research report on Thursday, July 31st. Weiss Ratings reissued a "hold (c-)" rating on shares of Entegris in a research report on Wednesday. Finally, Mizuho raised their price target on shares of Entegris from $100.00 to $108.00 and gave the company an "outperform" rating in a research report on Friday, October 3rd. Seven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Entegris has a consensus rating of "Moderate Buy" and an average price target of $106.30.

Entegris Stock Performance

Shares of ENTG stock opened at $83.64 on Friday. The firm has a market cap of $12.68 billion, a price-to-earnings ratio of 43.11 and a beta of 1.38. 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, Inc. has a 52 week low of $60.75 and a 52 week high of $112.36. The firm's 50-day simple moving average is $85.54 and its two-hundred day simple moving average is $81.38.

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

Entegris Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Wednesday, July 30th were given a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, July 30th. This represents a $0.40 annualized dividend and a yield of 0.5%. Entegris's payout ratio is currently 20.62%.

Entegris Company Profile

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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