Entegris, Inc. $ENTG Stock Purchased by Narwhal Capital Management

Narwhal Capital Management lifted its stake in Entegris, Inc. (NASDAQ:ENTG) by 29.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,209 shares of the semiconductor company’s stock after purchasing an additional 14,113 shares during the quarter. Narwhal Capital Management’s holdings in Entegris were worth $9,584,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in ENTG. Man Group plc bought a new stake in Entegris in the second quarter worth $2,461,000. Generate Investment Management Ltd purchased a new stake in shares of Entegris in the third quarter worth $16,893,000. Empowered Funds LLC purchased a new stake in shares of Entegris in the second quarter worth $1,368,000. Deutsche Bank AG bought a new position in shares of Entegris during the second quarter valued at $69,930,000. Finally, BlackRock Inc. bought a new position in shares of Entegris during the second quarter valued at $3,683,556,000.

Entegris Stock Performance

ENTG stock opened at $138.57 on Wednesday. The stock’s 50 day simple moving average is $146.32 and its 200 day simple moving average is $138.79. The company has a current ratio of 2.66, a quick ratio of 1.59 and a debt-to-equity ratio of 0.75. Entegris, Inc. has a 12-month low of $67.97 and a 12-month high of $186.94. The stock has a market capitalization of $21.17 billion, a PE ratio of 54.13, a price-to-earnings-growth ratio of 1.10 and a beta of 1.39.

Entegris (NASDAQ:ENTG) last posted its earnings results on Thursday, October 29th. The semiconductor company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.20. Entegris had a return on equity of 13.86% and a net margin of 11.14%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $925.35 million. During the same quarter last year, the company earned $0.72 EPS. The company’s quarterly revenue was up 24.6% compared to the same quarter last year. As a group, research analysts forecast that Entegris, Inc. will post 4.38 earnings per share for the current fiscal year.

Entegris declared that its board has authorized a stock repurchase plan on Monday, November 9th that authorizes the company to repurchase $500 million in shares. This buyback authorization authorizes the semiconductor company to repurchase up to 2.6% of its shares through open market purchases. Share buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Entegris Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 18th. Investors of record on Wednesday, October 28th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, October 28th. This represents a $0.40 annualized dividend and a dividend yield of 0.3%. Entegris’s dividend payout ratio (DPR) is 15.62%.

Insider Buying and Selling at Entegris

In related news, SVP Joseph Colella sold 3,916 shares of Entegris stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $164.48, for a total value of $644,103.68. Following the completion of the sale, the senior vice president directly owned 50,297 shares in the company, valued at approximately $8,272,850.56. This trade represents a 7.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Olivier Blachier sold 2,000 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $160.66, for a total value of $321,320.00. Following the completion of the transaction, the insider directly owned 34,997 shares of the company’s stock, valued at approximately $5,622,618.02. This trade represents a 5.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.53% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on ENTG. The Goldman Sachs Group lifted their price target on Entegris from $120.00 to $135.00 and gave the stock a “sell” rating in a research report on Friday, October 30th. Wall Street Zen cut shares of Entegris from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. Barclays increased their price objective on shares of Entegris from $212.00 to $224.00 and gave the company an “overweight” rating in a research report on Friday, October 30th. Zacks Research upgraded shares of Entegris from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 5th. Finally, Needham & Company LLC upped their target price on shares of Entegris from $170.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $187.17.

Entegris Profile

Entegris, Inc. supplies advanced materials and process solutions used in semiconductor manufacturing and other high-technology industries. Its products help customers control contamination and manage materials throughout complex manufacturing processes. The company’s offerings include specialty chemicals and gases, filtration and purification systems, fluid and gas handling products, and wafer handling and storage solutions. Entegris also provides related services and technologies designed to support the production of semiconductor devices and other advanced products.