Entegris, Inc. (NASDAQ:ENTG) Shares Acquired by Bay Colony Advisory Group Inc d b a Bay Colony Advisors

Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in shares of Entegris, Inc. (NASDAQ:ENTG) by 449.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 13,812 shares of the semiconductor company’s stock after buying an additional 11,300 shares during the quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Entegris were worth $1,554,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Allspring Global Investments Holdings LLC boosted its position in shares of Entegris by 51.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 509,009 shares of the semiconductor company’s stock valued at $71,536,000 after purchasing an additional 173,634 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its position in Entegris by 0.4% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 309,330 shares of the semiconductor company’s stock worth $43,473,000 after acquiring an additional 1,209 shares during the period. Norden Group LLC lifted its position in Entegris by 2,200.1% during the 1st quarter. Norden Group LLC now owns 224,260 shares of the semiconductor company’s stock worth $31,518,000 after acquiring an additional 214,510 shares during the period. First Trust Direct Indexing L.P. lifted its position in Entegris by 5.3% during the 1st quarter. First Trust Direct Indexing L.P. now owns 3,851 shares of the semiconductor company’s stock worth $541,000 after acquiring an additional 193 shares during the period. Finally, HB Wealth Management LLC acquired a new stake in Entegris during the 1st quarter worth approximately $212,000.

Analysts Set New Price Targets

A number of analysts have weighed in on ENTG shares. Mizuho raised Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 price objective for the company in a research report on Thursday, August 1st. Needham & Company LLC reissued a “buy” rating and set a $150.00 target price on shares of Entegris in a research note on Thursday, August 1st. Citigroup raised Entegris from a “neutral” rating to a “buy” rating and increased their target price for the stock from $119.00 to $130.00 in a research note on Monday, September 16th. Deutsche Bank Aktiengesellschaft cut their target price on Entegris from $160.00 to $145.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Finally, BMO Capital Markets dropped their price objective on Entegris from $160.00 to $145.00 and set an “outperform” rating for the company in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $146.40.

Entegris Price Performance

NASDAQ:ENTG traded up $1.56 during trading hours on Monday, reaching $106.57. 49,372 shares of the company traded hands, compared to its average volume of 1,617,627. The firm’s 50-day moving average is $110.10 and its 200-day moving average is $122.20. The stock has a market cap of $16.09 billion, a P/E ratio of 86.07, a P/E/G ratio of 1.39 and a beta of 1.24. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.58 and a quick ratio of 2.14. Entegris, Inc. has a 1-year low of $84.13 and a 1-year high of $147.57.

Entegris (NASDAQ:ENTG) last announced its earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.01. Entegris had a return on equity of 12.03% and a net margin of 5.61%. The firm had revenue of $812.60 million for the quarter, compared to analysts’ expectations of $802.43 million. During the same quarter in the prior year, the firm earned $0.66 EPS. Entegris’s quarterly revenue was down 9.8% on a year-over-year basis. Equities research analysts expect that Entegris, Inc. will post 3.13 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.38%. The ex-dividend date is Wednesday, October 30th. Entegris’s dividend payout ratio (DPR) is 32.79%.

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).