Polar Asset Management Partners Inc. Purchases New Position in Entegris, Inc. (NASDAQ:ENTG)

Polar Asset Management Partners Inc. acquired a new stake in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 52,700 shares of the semiconductor company's stock, valued at approximately $5,930,000.

Several other institutional investors and hedge funds have also recently modified their holdings of ENTG. Diversified Trust Co bought a new stake in Entegris in the 2nd quarter valued at $851,000. Cetera Investment Advisers increased its holdings in shares of Entegris by 128.0% in the first quarter. Cetera Investment Advisers now owns 20,387 shares of the semiconductor company's stock worth $2,865,000 after purchasing an additional 11,444 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Entegris by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,065,812 shares of the semiconductor company's stock worth $119,936,000 after buying an additional 14,650 shares in the last quarter. Swedbank AB lifted its position in shares of Entegris by 520.3% in the second quarter. Swedbank AB now owns 300,361 shares of the semiconductor company's stock worth $40,669,000 after buying an additional 251,938 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in Entegris by 124.6% during the second quarter. SG Americas Securities LLC now owns 14,563 shares of the semiconductor company's stock valued at $1,972,000 after buying an additional 8,079 shares during the last quarter.

Analyst Ratings Changes

Several brokerages have recently issued reports on ENTG. UBS Group decreased their price objective on Entegris from $130.00 to $115.00 and set a "neutral" rating on the stock in a report on Tuesday, November 5th. KeyCorp decreased their price target on shares of Entegris from $164.00 to $154.00 and set an "overweight" rating on the stock in a research note on Tuesday, November 5th. Craig Hallum dropped their price objective on shares of Entegris from $150.00 to $130.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. Citigroup reduced their target price on shares of Entegris from $130.00 to $123.00 and set a "buy" rating on the stock in a report on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Entegris from $145.00 to $115.00 and set a "buy" rating for the company in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $135.40.

Entegris Trading Down 2.7 %

Shares of NASDAQ:ENTG traded down $3.00 during trading hours on Thursday, hitting $107.10. 1,629,317 shares of the company's stock traded hands, compared to its average volume of 1,710,199. The firm has a market capitalization of $16.17 billion, a P/E ratio of 72.91, a price-to-earnings-growth ratio of 1.78 and a beta of 1.23. The business has a fifty day moving average price of $106.36 and a 200-day moving average price of $117.32. Entegris, Inc. has a 1 year low of $94.92 and a 1 year high of $147.57. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.92 and a quick ratio of 1.83.

Entegris (NASDAQ:ENTG - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.77 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.78 by ($0.01). Entegris had a net margin of 7.13% and a return on equity of 12.24%. The business had revenue of $807.70 million for the quarter, compared to analysts' expectations of $832.44 million. During the same quarter in the previous year, the firm earned $0.68 EPS. Entegris's revenue was down 9.1% compared to the same quarter last year. Equities analysts expect that Entegris, Inc. will post 2.99 earnings per share for the current year.

Entegris Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date of this dividend was Wednesday, October 30th. Entegris's payout ratio is presently 26.49%.

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).