BNP Paribas Financial Markets reduced its stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 26.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 176,073 shares of the semiconductor company's stock after selling 62,803 shares during the quarter. BNP Paribas Financial Markets owned about 0.12% of Entegris worth $19,813,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Innealta Capital LLC purchased a new stake in Entegris in the 2nd quarter worth $26,000. Summit Securities Group LLC purchased a new position in Entegris in the second quarter worth about $27,000. Quarry LP purchased a new position in Entegris in the second quarter worth about $27,000. Capital Performance Advisors LLP purchased a new position in Entegris in the third quarter worth about $29,000. Finally, Opal Wealth Advisors LLC purchased a new position in Entegris in the second quarter worth about $31,000.
Entegris Trading Up 0.6 %
Shares of Entegris stock traded up $0.67 on Friday, hitting $105.63. 1,077,531 shares of the company traded hands, compared to its average volume of 2,491,709. The company has a market cap of $15.95 billion, a PE ratio of 69.95, a PEG ratio of 1.74 and a beta of 1.24. The stock's 50 day moving average price is $106.52 and its 200-day moving average price is $117.79. 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, Inc. has a 52 week low of $94.92 and a 52 week high of $147.57.
Entegris (NASDAQ:ENTG - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share (EPS) 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 during the quarter, compared to analysts' expectations of $832.44 million. During the same period in the prior year, the firm posted $0.68 earnings per share. Entegris's revenue for the quarter was down 9.1% compared to the same quarter last year. Equities research analysts predict that Entegris, Inc. will post 2.99 EPS for the current year.
Entegris Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, October 30th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.38%. The ex-dividend date was Wednesday, October 30th. Entegris's dividend payout ratio is currently 26.49%.
Wall Street Analyst Weigh In
Several research firms recently commented on ENTG. Citigroup dropped their price target on Entegris from $130.00 to $123.00 and set a "buy" rating for the company in a research report on Wednesday, November 6th. Mizuho dropped their price target on Entegris from $143.00 to $125.00 and set an "outperform" rating for the company in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft dropped their price target on Entegris from $145.00 to $115.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. BMO Capital Markets dropped their price target on Entegris from $145.00 to $135.00 and set an "outperform" rating for the company in a research report on Tuesday, November 5th. Finally, Craig Hallum decreased 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. One 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $135.40.
Read Our Latest Report on ENTG
Entegris Profile
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Free Report)
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).
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