Cinctive Capital Management LP Invests $695,000 in Entegris, Inc. (NASDAQ:ENTG)

Cinctive Capital Management LP purchased a new position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 6,176 shares of the semiconductor company's stock, valued at approximately $695,000.

Several other institutional investors also recently added to or reduced their stakes in ENTG. Assenagon Asset Management S.A. increased its position in Entegris by 1,076.3% during the third quarter. Assenagon Asset Management S.A. now owns 923,332 shares of the semiconductor company's stock worth $103,903,000 after buying an additional 844,837 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Entegris by 130.8% in the third quarter. Principal Financial Group Inc. now owns 1,379,963 shares of the semiconductor company's stock valued at $155,287,000 after purchasing an additional 781,955 shares during the period. Swedbank AB increased its holdings in shares of Entegris by 249.7% in the third quarter. Swedbank AB now owns 1,050,361 shares of the semiconductor company's stock valued at $118,197,000 after purchasing an additional 750,000 shares during the period. D1 Capital Partners L.P. acquired a new position in shares of Entegris in the third quarter valued at approximately $72,143,000. Finally, RGM Capital LLC increased its holdings in shares of Entegris by 76.4% in the third quarter. RGM Capital LLC now owns 1,050,037 shares of the semiconductor company's stock valued at $118,161,000 after purchasing an additional 454,853 shares during the period.

Entegris Trading Up 1.8 %

Entegris stock traded up $1.93 during trading on Wednesday, hitting $110.10. The company's stock had a trading volume of 2,015,225 shares, compared to its average volume of 1,710,545. The stock has a market capitalization of $16.62 billion, a price-to-earnings ratio of 72.46, a P/E/G ratio of 1.80 and a beta of 1.23. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.83 and a current ratio of 2.92. The stock's fifty day moving average is $106.38 and its 200 day moving average is $117.37. Entegris, Inc. has a 1-year low of $94.92 and a 1-year high of $147.57.

Entegris (NASDAQ:ENTG - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $807.70 million for the quarter, compared to analyst estimates of $832.44 million. Entegris had a return on equity of 12.24% and a net margin of 7.13%. The business's revenue was down 9.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.68 earnings per share. As a group, equities research analysts predict that Entegris, Inc. will post 2.99 EPS for the current year.

Entegris Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.36%. The ex-dividend date of this dividend was Wednesday, October 30th. Entegris's payout ratio is 26.49%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on ENTG shares. Deutsche Bank Aktiengesellschaft dropped their target price on Entegris from $145.00 to $115.00 and set a "buy" rating on the stock in a report on Tuesday, November 5th. Mizuho decreased their price target on Entegris from $143.00 to $125.00 and set an "outperform" rating on the stock in a research note on Tuesday, November 5th. UBS Group decreased their price target on Entegris from $130.00 to $115.00 and set a "neutral" rating on the stock in a research note on Tuesday, November 5th. Citigroup decreased their price target on Entegris from $130.00 to $123.00 and set a "buy" rating on the stock in a research note on Wednesday, November 6th. Finally, Craig Hallum decreased their price target on Entegris from $150.00 to $130.00 and set a "buy" rating on the stock in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock presently 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).