Avala Global LP Acquires New Holdings in Entegris, Inc. (NASDAQ:ENTG)

Avala Global LP bought a new position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 305,917 shares of the semiconductor company's stock, valued at approximately $34,425,000. Entegris accounts for 2.3% of Avala Global LP's portfolio, making the stock its 22nd largest holding. Avala Global LP owned 0.20% of Entegris as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Comerica Bank boosted its position in shares of Entegris by 3.2% during the first quarter. Comerica Bank now owns 17,240 shares of the semiconductor company's stock worth $2,423,000 after purchasing an additional 541 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of Entegris by 128.0% during 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 in the last quarter. Cetera Advisors LLC boosted its position in shares of Entegris by 171.6% during the first quarter. Cetera Advisors LLC now owns 7,237 shares of the semiconductor company's stock worth $1,017,000 after purchasing an additional 4,572 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Entegris by 31.4% during the second quarter. GAMMA Investing LLC now owns 1,499 shares of the semiconductor company's stock worth $203,000 after purchasing an additional 358 shares in the last quarter. Finally, DNB Asset Management AS lifted its position in Entegris by 2.7% in the 2nd quarter. DNB Asset Management AS now owns 23,053 shares of the semiconductor company's stock valued at $3,121,000 after acquiring an additional 600 shares in the last quarter.

Entegris Stock Performance

Shares of Entegris stock traded up $3.20 during trading on Monday, hitting $108.83. 1,614,704 shares of the stock were exchanged, compared to its average volume of 1,707,518. The stock has a market capitalization of $16.43 billion, a price-to-earnings ratio of 69.95, a price-to-earnings-growth ratio of 1.74 and a beta of 1.24. The company has a fifty day moving average price of $106.52 and a 200-day moving average price of $117.68. Entegris, Inc. has a 1-year low of $94.92 and a 1-year high of $147.57. The company has a current ratio of 2.92, a quick ratio of 1.83 and a debt-to-equity ratio of 1.14.

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

Entegris Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Entegris from $145.00 to $115.00 and set a "buy" rating on the stock in a research report on Tuesday, November 5th. Citigroup cut their price objective on shares of Entegris from $130.00 to $123.00 and set a "buy" rating on the stock in a research report on Wednesday, November 6th. UBS Group lowered their price target on shares of Entegris from $130.00 to $115.00 and set a "neutral" rating on the stock in a research note on Tuesday, November 5th. BMO Capital Markets lowered their price target on shares of Entegris from $145.00 to $135.00 and set an "outperform" rating on the stock in a research note on Tuesday, November 5th. Finally, KeyCorp lowered 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. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $135.40.

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).