Concentric Capital Strategies LP Trims Stock Holdings in Entegris, Inc. (NASDAQ:ENTG)

Concentric Capital Strategies LP trimmed its stake in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 45.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,324 shares of the semiconductor company's stock after selling 18,405 shares during the period. Concentric Capital Strategies LP's holdings in Entegris were worth $2,512,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ENTG. Wedmont Private Capital boosted its stake in shares of Entegris by 5.9% in the 2nd quarter. Wedmont Private Capital now owns 1,609 shares of the semiconductor company's stock worth $232,000 after buying an additional 90 shares during the last quarter. Bridges Investment Management Inc. grew its position in shares of Entegris by 3.6% during the 3rd quarter. Bridges Investment Management Inc. now owns 2,829 shares of the semiconductor company's stock valued at $318,000 after acquiring an additional 98 shares during the period. Everpar Advisors LLC raised its holdings in Entegris by 6.5% in the 2nd quarter. Everpar Advisors LLC now owns 1,656 shares of the semiconductor company's stock worth $224,000 after purchasing an additional 101 shares during the period. Arizona State Retirement System lifted its position in Entegris by 0.3% during the second quarter. Arizona State Retirement System now owns 41,406 shares of the semiconductor company's stock valued at $5,606,000 after purchasing an additional 105 shares in the last quarter. Finally, Hilltop National Bank grew its holdings in Entegris by 12.5% during the second quarter. Hilltop National Bank now owns 978 shares of the semiconductor company's stock valued at $132,000 after purchasing an additional 109 shares during the period.

Entegris Price Performance

Shares of Entegris stock traded down $0.23 during trading hours on Tuesday, reaching $108.60. The company's stock had a trading volume of 274,835 shares, compared to its average volume of 1,704,786. The firm has a 50 day moving average price of $106.46 and a 200-day moving average price of $117.52. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.92 and a quick ratio of 1.83. The stock has a market cap of $16.40 billion, a P/E ratio of 72.16, a P/E/G ratio of 1.74 and a beta of 1.24. Entegris, Inc. has a one year low of $94.92 and a one year high of $147.57.

Entegris (NASDAQ:ENTG - Get Free Report) last issued 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). The company had revenue of $807.70 million for the quarter, compared to analysts' expectations of $832.44 million. Entegris had a net margin of 7.13% and a return on equity of 12.24%. The company's revenue for the quarter was down 9.1% on a year-over-year basis. During the same quarter last year, the company earned $0.68 earnings per share. On average, analysts predict that Entegris, Inc. will post 2.99 EPS for the current year.

Entegris Dividend Announcement

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

Wall Street Analysts Forecast Growth

ENTG has been the topic of a number of analyst reports. Mizuho lowered their price objective on Entegris from $143.00 to $125.00 and set an "outperform" rating on the stock in a research report 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 report on Tuesday, November 5th. UBS Group cut their price target 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 decreased their target price on Entegris from $164.00 to $154.00 and set an "overweight" rating on the stock in a research note on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective 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 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's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus 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).