Mountaineer Partners Management LLC Has $1.24 Billion Stake in Entegris, Inc. (NASDAQ:ENTG)

Mountaineer Partners Management LLC grew its position in shares of Entegris, Inc. (NASDAQ:ENTG - Free Report) by 16,255.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,044,594 shares of the semiconductor company's stock after purchasing an additional 10,977,064 shares during the quarter. Entegris makes up 10.4% of Mountaineer Partners Management LLC's holdings, making the stock its 4th biggest holding. Mountaineer Partners Management LLC owned approximately 7.31% of Entegris worth $1,242,848,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Innealta Capital LLC acquired a new position in shares of Entegris in the second quarter worth approximately $26,000. Summit Securities Group LLC acquired a new position in shares of Entegris in the second quarter worth approximately $27,000. Quarry LP acquired a new position in shares of Entegris in the second quarter worth approximately $27,000. Capital Performance Advisors LLP acquired a new position in shares of Entegris in the third quarter worth approximately $29,000. Finally, Opal Wealth Advisors LLC acquired a new position in shares of Entegris in the second quarter worth approximately $31,000.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ENTG. UBS Group dropped 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. BMO Capital Markets dropped their price target on Entegris from $145.00 to $135.00 and set an "outperform" rating on the stock in a research note on Tuesday, November 5th. Craig Hallum dropped 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. Citigroup dropped 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, KeyCorp dropped their price target on Entegris from $164.00 to $154.00 and set an "overweight" rating on the stock in a research note on Tuesday, November 5th. One research 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 MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $135.40.

Entegris Stock Up 1.4 %

Entegris stock traded up $1.52 during trading on Wednesday, hitting $109.69. 601,503 shares of the company were exchanged, compared to its average volume of 1,704,277. The business's 50 day moving average is $106.38 and its 200 day moving average is $117.37. Entegris, Inc. has a 52 week low of $94.92 and a 52 week high of $147.57. The company has a market capitalization of $16.56 billion, a P/E ratio of 72.46, a PEG ratio of 1.80 and a beta of 1.23. 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 (NASDAQ:ENTG - Get Free Report) last announced 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 company had revenue of $807.70 million for the quarter, compared to the consensus estimate of $832.44 million. During the same quarter last year, the company posted $0.68 EPS. The company's quarterly revenue was down 9.1% compared to the same quarter last year. Analysts predict that Entegris, Inc. will post 2.99 earnings per share for the current year.

Entegris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, October 30th were paid a $0.10 dividend. The ex-dividend date was Wednesday, October 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.36%. Entegris's dividend payout ratio (DPR) is presently 26.49%.

Entegris Profile

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).