Edgestream Partners L.P. Has $358,000 Stake in Entegris, Inc. (NASDAQ:ENTG)

Edgestream Partners L.P. decreased its holdings in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 91.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,181 shares of the semiconductor company's stock after selling 32,119 shares during the quarter. Edgestream Partners L.P.'s holdings in Entegris were worth $358,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Diversified Trust Co purchased a new stake in shares of Entegris in the second quarter worth approximately $851,000. Cetera Investment Advisers lifted its position in Entegris by 128.0% in the 1st quarter. Cetera Investment Advisers now owns 20,387 shares of the semiconductor company's stock worth $2,865,000 after buying an additional 11,444 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Entegris by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,065,812 shares of the semiconductor company's stock valued at $119,936,000 after buying an additional 14,650 shares during the period. Swedbank AB boosted its stake in shares of Entegris by 520.3% during the 2nd quarter. Swedbank AB now owns 300,361 shares of the semiconductor company's stock valued at $40,669,000 after buying an additional 251,938 shares during the period. Finally, SG Americas Securities LLC increased its stake in shares of Entegris by 124.6% in the second quarter. SG Americas Securities LLC now owns 14,563 shares of the semiconductor company's stock worth $1,972,000 after acquiring an additional 8,079 shares during the last quarter.

Analysts Set New Price Targets

A number of brokerages have commented on ENTG. Deutsche Bank Aktiengesellschaft lowered their target price on Entegris from $145.00 to $115.00 and set a "buy" rating on the stock in a research note on Tuesday, November 5th. BMO Capital Markets cut their price objective on shares of Entegris from $145.00 to $135.00 and set an "outperform" rating on the stock in a research report on Tuesday, November 5th. Craig Hallum decreased their target price on shares of Entegris from $150.00 to $130.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. Citigroup reduced their price objective on shares of Entegris from $130.00 to $123.00 and set a "buy" rating for the company in a research note on Wednesday, November 6th. Finally, Mizuho lowered their target price on shares of Entegris from $143.00 to $125.00 and set an "outperform" rating on the stock in a research 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 stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $135.40.

Entegris Stock Performance

Shares of NASDAQ ENTG traded up $2.30 during trading hours on Friday, hitting $109.40. 1,279,289 shares of the company's stock were exchanged, compared to its average volume of 2,216,081. Entegris, Inc. has a 1-year low of $94.92 and a 1-year high of $147.57. 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 capitalization of $16.52 billion, a price-to-earnings ratio of 72.45, a PEG ratio of 1.82 and a beta of 1.23. The company's 50-day moving average price is $106.06 and its 200-day moving average price is $117.00.

Entegris (NASDAQ:ENTG - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share for the quarter, missing analysts' consensus estimates of $0.78 by ($0.01). Entegris had a net margin of 7.13% and a return on equity of 12.24%. 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 firm posted $0.68 EPS. The business's quarterly revenue was down 9.1% compared to the same quarter last year. On average, sell-side analysts expect that Entegris, Inc. will post 2.99 earnings per share for the current fiscal year.

Entegris Announces Dividend

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

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).