Eagle Asset Management Inc. decreased its stake in Entegris, Inc. (NASDAQ:ENTG - Free Report) by 37.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 848,372 shares of the semiconductor company's stock after selling 509,483 shares during the period. Eagle Asset Management Inc. owned 0.56% of Entegris worth $89,105,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ENTG. Innealta Capital LLC purchased a new stake in Entegris in the second quarter worth $26,000. Summit Securities Group LLC purchased a new stake in Entegris in the 2nd quarter worth about $27,000. Quarry LP purchased a new stake in Entegris during the second quarter valued at about $27,000. Capital Performance Advisors LLP bought a new position in Entegris during the third quarter worth about $29,000. Finally, Opal Wealth Advisors LLC purchased a new position in shares of Entegris in the second quarter worth about $31,000.
Wall Street Analyst Weigh In
Several research firms recently commented on ENTG. 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. KeyCorp reduced their price target on Entegris from $164.00 to $154.00 and set an "overweight" rating for the company in a research report on Tuesday, November 5th. UBS Group dropped their price objective on Entegris from $130.00 to $115.00 and set a "neutral" rating on the stock in a report on Tuesday, November 5th. Citigroup reduced their target price on Entegris from $130.00 to $123.00 and set a "buy" rating for the company in a report on Wednesday, November 6th. Finally, Mizuho lowered their price target on shares of Entegris from $143.00 to $125.00 and set an "outperform" rating on the stock in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $135.40.
Read Our Latest Report on Entegris
Entegris Trading Up 0.7 %
ENTG stock traded up $0.70 on Friday, reaching $105.94. The company's stock had a trading volume of 619,245 shares, compared to its average volume of 1,701,105. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.83 and a current ratio of 2.92. Entegris, Inc. has a 12-month low of $94.92 and a 12-month high of $147.57. The firm has a market cap of $16.00 billion, a PE ratio of 69.56, a PEG ratio of 1.62 and a beta of 1.24. The business has a fifty day simple moving average of $107.16 and a two-hundred day simple moving average of $118.92.
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 analysts' consensus estimates of $0.78 by ($0.01). Entegris had a return on equity of 12.24% and a net margin of 7.13%. The company had revenue of $807.70 million during the quarter, compared to the consensus estimate of $832.44 million. During the same period in the previous year, the company earned $0.68 earnings per share. Entegris's quarterly revenue was down 9.1% on a year-over-year basis. As a group, research analysts forecast that Entegris, Inc. will post 3.03 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 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%.
About Entegris
(
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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