B. Metzler seel. Sohn & Co. Holding AG Acquires Shares of 206,857 Entegris, Inc. (NASDAQ:ENTG)

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 206,857 shares of the semiconductor company's stock, valued at approximately $23,278,000. B. Metzler seel. Sohn & Co. Holding AG owned about 0.14% of Entegris as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. lifted its position in Entegris by 265.9% in the third quarter. Meeder Asset Management Inc. now owns 4,892 shares of the semiconductor company's stock worth $550,000 after purchasing an additional 3,555 shares during the period. OneAscent Financial Services LLC lifted its holdings in shares of Entegris by 52.0% during the third quarter. OneAscent Financial Services LLC now owns 2,311 shares of the semiconductor company's stock valued at $260,000 after acquiring an additional 791 shares during the period. Pathstone Holdings LLC lifted its holdings in shares of Entegris by 3.9% during the third quarter. Pathstone Holdings LLC now owns 16,635 shares of the semiconductor company's stock valued at $1,872,000 after acquiring an additional 631 shares during the period. Swiss National Bank increased its stake in shares of Entegris by 0.3% in the third quarter. Swiss National Bank now owns 447,507 shares of the semiconductor company's stock valued at $50,358,000 after buying an additional 1,200 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in shares of Entegris by 14.1% in the third quarter. Thrivent Financial for Lutherans now owns 37,096 shares of the semiconductor company's stock valued at $4,174,000 after buying an additional 4,578 shares in the last quarter.

Entegris Stock Down 0.1 %

Shares of NASDAQ:ENTG traded down $0.12 during trading on Tuesday, hitting $99.43. 1,577,274 shares of the company were exchanged, compared to its average volume of 1,700,355. Entegris, Inc. has a fifty-two week low of $94.92 and a fifty-two week high of $147.57. The firm has a fifty day moving average price of $107.60 and a two-hundred day moving average price of $119.38. The company has a current ratio of 2.92, a quick ratio of 1.83 and a debt-to-equity ratio of 1.14. The stock has a market cap of $15.01 billion, a price-to-earnings ratio of 65.93, a P/E/G ratio of 1.59 and a beta of 1.24.

Entegris (NASDAQ:ENTG - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.01). The company had revenue of $807.70 million during the quarter, compared to analyst estimates of $832.44 million. Entegris had a net margin of 7.13% and a return on equity of 12.24%. Entegris's revenue for the quarter was down 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.68 earnings per share. As a group, research analysts anticipate that Entegris, Inc. will post 3.03 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, October 30th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, October 30th. This represents a $0.40 annualized dividend and a yield of 0.40%. Entegris's dividend payout ratio (DPR) is presently 26.49%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Craig Hallum lowered their target price on Entegris from $150.00 to $130.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. UBS Group lowered their target price on Entegris from $130.00 to $115.00 and set a "neutral" rating for the company in a research note on Tuesday, November 5th. KeyCorp lowered their price objective on Entegris from $164.00 to $154.00 and set an "overweight" rating for the company in a research report on Tuesday, November 5th. Citigroup lowered their price objective on Entegris from $130.00 to $123.00 and set a "buy" rating for the company in a research report on Wednesday, November 6th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $150.00 price objective on shares of Entegris in a research report 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 MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $135.40.

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).