TD Asset Management Inc Boosts Stock Position in Entegris, Inc. $ENTG

Key Points

• TD Asset Management Inc increased its stake in Entegris, Inc. by 25.7% during Q2, owning 291,058 shares valued at approximately $23.47 million.
• Entegris will pay a $0.10 per share quarterly dividend on November 19th, with a current dividend yield of 0.4%.
• Mizuho upgraded Entegris's price target from $100.00 to $108.00, giving the stock an "outperform" rating as several analysts issue mixed recommendations on the company.

TD Asset Management Inc boosted its position in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 25.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 291,058 shares of the semiconductor company's stock after purchasing an additional 59,534 shares during the quarter. TD Asset Management Inc owned approximately 0.19% of Entegris worth $23,474,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ENTG. Vanguard Group Inc. boosted its stake in Entegris by 2.3% in 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 acquiring an additional 351,053 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Entegris by 21.1% during the 1st 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 purchasing an additional 2,361,065 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Entegris by 235.8% in the 1st quarter. Principal Financial Group Inc. now owns 5,014,198 shares of the semiconductor company's stock worth $438,642,000 after purchasing an additional 3,520,997 shares in the last quarter. Select Equity Group L.P. grew its stake in Entegris by 6.9% during the 1st quarter. Select Equity Group L.P. now owns 4,074,232 shares of the semiconductor company's stock worth $356,414,000 after buying an additional 263,168 shares during the last quarter. Finally, Durable Capital Partners LP increased its position in Entegris by 43.3% during the 1st 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 in the last quarter.

Insider Buying and Selling at Entegris

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 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. The trade was a 13.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.67% of the stock is currently owned by company insiders.

Entegris Stock Up 0.4%

Shares of ENTG stock opened at $90.94 on Friday. The company has a current ratio of 3.30, a quick ratio of 1.95 and a debt-to-equity ratio of 1.04. The stock has a 50 day moving average of $87.40 and a 200 day moving average of $81.46. Entegris, Inc. has a twelve month low of $60.75 and a twelve month high of $112.36. The stock has a market cap of $13.79 billion, a P/E ratio of 46.88 and a beta of 1.38.

Entegris (NASDAQ:ENTG - Get Free Report) last released its quarterly earnings results 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 company had revenue of $512.84 million for the quarter. As a group, sell-side analysts expect that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Dividend Announcement

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

Analyst Upgrades and Downgrades

ENTG has been the topic of a number of research analyst reports. Mizuho boosted their price target on Entegris from $100.00 to $108.00 and gave the stock an "outperform" rating in a research note on Friday, October 3rd. Wall Street Zen raised shares of Entegris from a "sell" rating to a "hold" rating in a research report on Friday, October 3rd. Weiss Ratings restated a "hold (c-)" rating on shares of Entegris in a research note on Wednesday, October 8th. Zacks Research upgraded shares of Entegris from a "strong sell" rating to a "hold" rating in a research note on Friday, October 3rd. Finally, Oppenheimer began coverage on Entegris in a research report on Thursday, September 4th. They issued a "market perform" rating and a $95.00 target price on the stock. Seven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $106.30.

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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